Orogen Royalties Reports Record 2024 Revenue

Vancouver-based Orogen Royalties Inc. announced preliminary unaudited financial results for 2024, revealing a record revenue of $9.9 million, a 22% increase from 2023. Notably, the Ermitaño royalty revenue surged by 34% to $7.9 million, aiding the rise. However, Prospect Generation revenue declined by 26% to $1.4 million, while Interest revenue doubled to $0.6 million.

Orogen's pre-tax net income grew 126% to $4.3 million, although after-tax net income fell 13% to $2.6 million due to deductions. The firm generated $7.9 million in total cash, driven by operational activities. Noteworthy is Orogen's robust working capital of $26.9 million, with no debt at year-end.

Orogen aims to leverage its royalty and exploration strategies further in 2025, focusing on significant projects like the Ermitaño Mine and the Expanded Silicon Project.