Orogen Royalties Sets Record Exploration Year and Maps Aggressive 2026 Growth Across Key Copper-Gold Assets

An announcement from Orogen Royalties ( (TSE:OGN) ) is now available.

Orogen Royalties reported a record year in 2025, with partners funding more than 37,800 metres of drilling and roughly $30 million in exploration, including over 21,000 metres of resource conversion and expansion drilling at the Navidad/Winter and Luna targets at the Ermitaño gold-silver mine in Mexico. The company received over $4.1 million from project sales and partner payments, added four new royalties and three exploration alliances, and deployed more than $3.4 million on generative copper and gold exploration, the majority funded by alliance partners across western Canada and the United States. Looking ahead to 2026, Orogen expects around 40,000 metres of additional partner-funded drilling across 12 programs, ongoing work under three strategic alliances with Altius Minerals, South32 and Triple Flag Precious Metals, and resource updates from key royalty assets including a new Ermitaño mineral resource estimate and continued expansion drilling at Kodiak Copper’s MPD South porphyry project, which now has an initial mineral resource and where Orogen holds both equity and a 2% NSR. Additional drilling success at the HWY 37 copper-gold project in British Columbia, including a blind porphyry discovery by Kingfisher Metals, underscores growing technical momentum in Orogen’s royalty pipeline and supports the company’s positioning as a leveraged, low-cost participant in multiple early- and advanced-stage copper-gold systems.

The most recent analyst rating on (TSE:OGN) stock is a Buy with a C$4.00 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 TSE:OGN Stock

According to Spark, TipRanks’ AI Analyst, TSE: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 TSE:OGN stock, click here.

More about Orogen Royalties

Orogen Royalties Inc. is a Vancouver-based mineral royalties and prospect generation company focused on copper and gold assets, primarily in North America. Its business model centres on creating and vending exploration projects and retaining net smelter return royalties, with key interests including a cash-flowing royalty on the Ermitaño gold-silver mine in Mexico and royalties and equity positions in emerging copper-gold porphyry deposits in British Columbia, developed through alliances with major and mid-tier partners.

Average Trading Volume: 38,602

Technical Sentiment Signal: Buy

Current Market Cap: C$215.5M

For an in-depth examination of OGN stock, go to TipRanks’ Overview page.