# Orogen Royalties Announces Profitable 2022 Fiscal Year End Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-profitable-2022-fiscal-year-end-results--85e5d130-e2a5-447c-ae53-be8dc95bf3d8 Original source: https://money.tmx.com/en/quote/EVM/news/8763787181709281/orogen-royalties-announces-profitable-2022-fiscal-year-end-results Publisher: tmx Original announcement: 2023-03-30T21:40:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: First year of profitability - Positive factor: Significant increase in royalty revenue - Positive factor: Reduction in G&A expenses - Positive factor: Growth in royalty portfolio - Negative factor: Reduction in heap leach recovery noted at Silicon project Facts used in scoring: 4 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-profitable-2022-fiscal-year-end-results--85e5d130-e2a5-447c-ae53-be8dc95bf3d8#fact-resource-facts-0) Silicon · gold #### 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 factor: Increase in resource size and confidence - Negative factor: Reduction in heap leach recovery compared to previous assumptions #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-profitable-2022-fiscal-year-end-results--85e5d130-e2a5-447c-ae53-be8dc95bf3d8#fact-resource-facts-1) Silicon · silver #### 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 factor: Increase in resource size and confidence #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-profitable-2022-fiscal-year-end-results--85e5d130-e2a5-447c-ae53-be8dc95bf3d8#fact-resource-facts-2) Silicon · gold #### 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 factor: Increase in resource size and confidence - Negative factor: Reduction in heap leach recovery compared to previous assumptions #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-profitable-2022-fiscal-year-end-results--85e5d130-e2a5-447c-ae53-be8dc95bf3d8#fact-resource-facts-3) Silicon · silver #### 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 factor: Increase in resource size and confidence #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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.