TSXV:OGN | OTCQX:OGNRF
CONTACT
TSXV:OGN | OTCQX:OGNRF

Ermitaño

PROPERTY:
Ermitaño
OPERATOR:
First Majestic Silver Corp.
LOCATION:
Sonora, Mexico
AOI (km²):
165.3
METAL:
Gold, Silver
ROYALTY:
2.0% NSR
ROYALTY:
STATUS:
Production

Overview

Latest Project Updates[1]

  1. Project updates taken from Orogen Royalties news release dated February 16, 2022 https://www.orogenroyalties.com/news/orogen-receives-first-royalty-payment-from-the-ermitano-deposit
  2. https://www.firstmajestic.com/_resources/reports/Santa-Elena-Technical-Report-Final-2021-11-23.pdf
  3. https://www.firstmajestic.com/investors/presentation/

Technical Report

A copy of the Ermitaño NI 43‐101 Technical Report can be found here.


Source of Measured and Indicated resource table: https://www.firstmajestic.com/projects/exploration-development/ermitano/



History 

First Majestic Silver Corp. (“First Majestic”) completed its earn‐in in and paid US$1.5 million to acquire 100% interest in both the Ermitaño and Cumobabi projects in September 2018. Orogen retains a 2.0% net smelter return (“NSR”) royalty for Ermitaño and 1.5% NSR royalty on Cumobabi.  To complete its earn‐in, First Majestic paid US$75,000 on agreement date and US$50,000 each anniversary thereafter in addition to completing over US$500,000 in exploration expenditures in the first year. 

The Ermitaño Property consists of 165 square kilometres of contiguous mineral tenure located approximately 145 kilometres from Hermosillo and only 3.5 kilometres southeast of First Majestic’s Santa Elena gold‐silver mine in Sonora, Mexico. 

Royalty Generation Timeline 

Technical Presentation PDF
VIEW PDF
Technical Presentation
STAY UP TO DATE
Sign up to our
newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
STAY UP TO DATE
Sign up to our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Headquarters
1015 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
Investor Relations
(604) 248-8648
info@orogenroyalties.com
Headquarters
1201 - 510 West Hastings Street
Vancouver, BC
Canada V6B 1L8
Investor Relations
info@orogenroyalties.com
FOLLOW US
STOCK
TSXV:OGN  
OTCQX:OGNRF
© 2021 Orogen Royalties. All rights reserved.
Headquarters
1201 - 510 West Hastings Street
Vancouver, BC
Canada V6B 1L8
Investor Relations
(604) 248-8648
info@orogenroyalties.com
© 2021 Orogen Royalties
TSXV:OGN | OTCQX:OGNRF
© 2022 Orogen Royalties
TSXV:OGN | OTCQX:OGNRF