Orogen Royalties ( (TSE:OGN) ) has shared an update.
Orogen Royalties has announced an update to the mineral reserves and resources at the Ermitaño gold mine, highlighting a significant increase in the inferred resource category due to the discovery of the Navidad vein. This update includes an initial inferred resource of 2.3 million tonnes, with 5.9 million ounces of silver and 249,000 ounces of gold, indicating substantial growth potential. The Navidad vein system, along with other areas within the Ermitaño mine complex, remains open for further exploration, with plans for extensive drilling in 2025. This development enhances Orogen’s royalty revenue prospects and strengthens its position in the mining industry.
Spark’s Take on TSE:OGN Stock
According to Spark, TipRanks’ AI Analyst, (TSE:OGN) is a Outperform.
The overall score of 72 reflects Orogen Royalties’ strong financial performance and positive technical momentum, which are somewhat offset by its high valuation. The robust balance sheet and healthy cash flows support growth, but the high P/E ratio indicates potential overvaluation. With no recent earnings call insights or significant corporate events to factor in, the score primarily relies on financial and technical assessments.
To see Spark’s full report on (TSE:OGN) stock, click here.
More about Orogen Royalties
Orogen Royalties Inc. operates in the mining industry, focusing on generating royalty revenue from mineral properties. The company holds a 2% net smelter return royalty on the Ermitaño gold mine in Sonora, Mexico, which is operated by First Majestic Silver Corp.
YTD Price Performance: 4.51%
Average Trading Volume: 99,451
Technical Sentiment Signal: Sell
Current Market Cap: C$280.3M
Find detailed analytics on OGN stock on TipRanks’ Stock Analysis page.