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The latest update is out from Orogen Royalties ( (TSE:OGN) ).
Orogen Royalties announced a significant increase in the gold resources at the Merlin deposit, part of the Expanded Silicon project in Nevada. The updated inferred resource at Merlin now stands at 12.1 million ounces of gold, marking a 34% increase from previous figures. This development enhances Orogen’s royalty prospects due to the project’s enlarged resource base. The continued drilling and planned pre-feasibility study by project owner AngloGold Ashanti indicate further potential for resource upgrades, which could strengthen Orogen’s position in the market.
More about Orogen Royalties
Orogen Royalties Inc. is a company in the mining industry, focusing on earning royalties from gold resources. It holds a 1% net smelter return royalty on the Expanded Silicon project in Nevada, USA, which includes the Silicon and Merlin deposits.
YTD Price Performance: 15.04%
Average Trading Volume: 140,191
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$306.5M
See more data about OGN stock on TipRanks’ Stock Analysis page.
