Orogen Royalties ( (TSE:OGN) ) just unveiled an update.
Orogen Royalties reported record revenues of $9.9 million for 2024, marking a 22% increase from the previous year, driven by a 34% rise in Ermitaño royalty revenue. The company achieved a preliminary pre-tax net income of $4.3 million, a 126% increase from 2023. The Ermitaño mine, part of the Santa Elena complex, is expected to continue contributing significantly to Orogen’s revenue, with projected royalty earnings between $5.7 million and $6.4 million in 2025. Additionally, the Expanded Silicon project in Nevada saw a 34% increase in inferred gold resources, indicating potential for future growth.
More about Orogen Royalties
Orogen Royalties Inc. operates within the mining industry, focusing on generating royalties from mining projects. The company primarily earns revenue through royalties from gold and silver production, with a significant focus on the Ermitaño mine in Mexico and the Expanded Silicon gold project in Nevada, USA.
YTD Price Performance: 16.54%
Average Trading Volume: 96,350
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$312.6M
For detailed information about OGN stock, go to TipRanks’ Stock Analysis page.