Orogen Royalties Inc. (TSE:OGN) has released an update.
Orogen Royalties Inc. has reported a record-breaking financial year for 2023, with a 155% increase in net income and a 59% rise in royalty revenue compared to the previous year. The company’s success is attributed to its prospect generation activities, which saw a 337% increase in net income, and its strong operational cash flow, which grew by 178%. Orogen’s CEO highlighted the company’s growth since 2020, emphasizing a strategy of sustainable royalty creation and financial prudence, resulting in significant progress without long-term debt.
For further insights into TSE:OGN stock, check out TipRanks’ Stock Analysis page.
