Orogen Royalties reports significant mineral resource increase at Ermitaño mine

In Sonora, Mexico, Orogen Royalties Inc. disclosed an update regarding the mineral reserve and resource estimates for the Ermitaño gold mine on April 7, 2025. This announcement was made based on data provided by the mine operator, First Majestic Silver Corp. The update includes the initial inferred resources for the Navidad vein system, which amounts to 2.3 million tonnes containing 5.9 million ounces of silver and 249,000 ounces of gold. Following this announcement, Orogen’s CEO, Paddy Nicol, highlighted the significant increase in gold contained in the inferred category compared to the previous year, with a year-on-year growth of 260%. The exploration and resource assessment conducted by First Majestic has given rise to this optimistic distinction, demonstrating both the current production capabilities and future potential for further exploration in the area. Through investments and exploration, the Navidad vein system remains largely unexplored, presenting a promising avenue for resource discovery that the company is eager to capitalize on in the following year.