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Orogen Royalties ( (TSE:OGN) ) has provided an update.
Orogen Royalties reported a substantial update to mineral reserves and resources at the Ermitaño concession, where it holds a 2% NSR royalty on production from the Santa Elena gold-silver mine in Sonora. Total measured and indicated resources now stand at 7.13 million tonnes containing 380,000 ounces of gold and 8.9 million ounces of silver, while inferred resources have risen to 11.52 million tonnes with 670,000 ounces of gold and 24.2 million ounces of silver.
Year over year, measured and indicated resources increased 26% for gold and 42% for silver, and inferred resources grew 63% for gold and 133% for silver, driven by lower cut-off grades, infill drilling, and expansion of the Navidad vein system. The Navidad discovery, entirely within Orogen’s royalty area, delivered the largest percentage increase in inferred resources across First Majestic’s operations and remains open in several directions, supporting potential life-of-mine extensions and enhancing the long-term cash-flow profile of Orogen’s royalty portfolio.
The most recent analyst rating on (TSE:OGN) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Orogen Royalties stock, see the TSE:OGN Stock Forecast page.
Spark’s Take on OGN Stock
According to Spark, TipRanks’ AI Analyst, OGN is a Neutral.
The score is primarily supported by strong profitability and very low financial leverage, but it is held back by declining free cash flow/equity. Technically, momentum is strong, yet overbought signals raise near-term risk. Valuation is a notable headwind given the high P/E and no stated dividend yield.
To see Spark’s full report on OGN stock, click here.
More about Orogen Royalties
Orogen Royalties Inc. is a Vancouver-based royalty company focused on generating and acquiring precious metal royalties, with a particular emphasis on gold and silver assets. The company’s portfolio includes a 2% net smelter return royalty over 167 square kilometres of prospective ground at the Ermitaño concession, part of First Majestic Silver’s Santa Elena gold-silver mining complex in Sonora, Mexico.
Average Trading Volume: 45,777
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$213.1M
See more insights into OGN stock on TipRanks’ Stock Analysis page.