Orogen Royalties Announces Profitable 2022 Fiscal Year End Results
Original announcement by tmx on
- Company
- Orogen Royalties Inc.
- Ticker
- OGN
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Unavailable
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update, Other
- Extracted
- 2026-09-12 07:48:36 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Orogen Royalties reported its first profitable fiscal year in 2022, with net income of $840,178 compared to a loss of $2,831,445 in 2021. Growth was driven by a 515% increase in royalty revenue from the Ermitaño gold-silver mine in Mexico.
Reasoning: The company transitioned from a net loss in 2021 to a net profit in 2022, driven by strong royalty revenue from the Ermitaño mine.
Positive factors
- First year of profitability
- Significant increase in royalty revenue
- Reduction in G&A expenses
- Growth in royalty portfolio
Negative factors
- Reduction in heap leach recovery noted at Silicon project
Facts used in scoring: 4
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedSilicon · goldTonnes: 121560000Grade: 0.87Grade Unit: g/tContained Metal: 3400000Contained Unit: ozView all detailsHide details
Identity
- Project
- Silicon
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- OGN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:231a2732535e9c912f55
- Deposit or zone
- Central-Silicon zone
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 121560000
- Grade
- 0.87
- Grade Unit
- g/t
- Contained Metal
- 3400000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2022-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-30T00:00:00.000Z
Reasoning: Indicated gold resources at Central-Silicon increased to 3.4 million ounces.
Positive factors
- Increase in resource size and confidence
Negative factors
- Reduction in heap leach recovery compared to previous assumptions
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedSilicon · silverTonnes: 121560000Grade: 3.98Grade Unit: g/tContained Metal: 15540000Contained Unit: ozView all detailsHide details
Identity
- Project
- Silicon
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- OGN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:231a2732535e9c912f55
- Deposit or zone
- Central-Silicon zone
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 121560000
- Grade
- 3.98
- Grade Unit
- g/t
- Contained Metal
- 15540000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2022-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-30T00:00:00.000Z
Reasoning: Indicated silver resources at Central-Silicon increased to 15.54 million ounces.
Positive factors
- Increase in resource size and confidence
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredSilicon · goldTonnes: 36030000Grade: 0.7Grade Unit: g/tContained Metal: 800000Contained Unit: ozView all detailsHide details
Identity
- Project
- Silicon
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- OGN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:79506ec6c8ff6c081403
- Deposit or zone
- Central-Silicon zone
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 36030000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 800000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2022-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-30T00:00:00.000Z
Reasoning: Inferred gold resources at Central-Silicon increased to 800,000 ounces.
Positive factors
- Increase in resource size and confidence
Negative factors
- Reduction in heap leach recovery compared to previous assumptions
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredSilicon · silverTonnes: 36030000Grade: 1.92Grade Unit: g/tContained Metal: 2230000Contained Unit: ozView all detailsHide details
Identity
- Project
- Silicon
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- OGN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:79506ec6c8ff6c081403
- Deposit or zone
- Central-Silicon zone
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 36030000
- Grade
- 1.92
- Grade Unit
- g/t
- Contained Metal
- 2230000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2022-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-30T00:00:00.000Z
Reasoning: Inferred silver resources at Central-Silicon increased to 2.23 million ounces.
Positive factors
- Increase in resource size and confidence
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.