Key facts
| Company | Oroco Resource Corp (TSXV: OCO) |
|---|---|
| Commodity | Copper |
| Location | Mexico |
| Stage | PEA |
Mineral resource estimates
4 reported estimates, newest first. Categories are as disclosed by Oroco Resource Corp; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Ag g/t | Ag oz | Cu % | Effective |
|---|---|---|---|---|---|---|---|
| IndicatedNI 43-101 | 540.6 Mt | 0.03 g/t | 483 koz | 2.10 g/t | 36.52 Moz | 0.33 % | Jul 23, 2024 |
| InferredNI 43-101 | 530.3 Mt | 0.02 g/t | 387 koz | 1.90 g/t | 33.23 Moz | 0.31 % | Jul 23, 2024 |
| IndicatedNI 43-101 | 561.0 Mt | 0.03 g/t | 487 koz | 2.10 g/t | 37.76 Moz | 0.33 % | Oct 11, 2023 |
| InferredNI 43-101 | 549.1 Mt | 0.02 g/t | 376 koz | 2.00 g/t | 34.46 Moz | 0.31 % | Oct 11, 2023 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Preliminary economic assessment
Aug 23, 2024- NPV (5%)
- US$2364M
- IRR
- 22.2%
- Payback
- 3.8 years
- Initial capex
- US$1104M
- Mine life
- 22.6 years
- Gold price assumed
- US$1,900/oz
Preliminary economic assessment
Oct 11, 2023- IRR
- 17.3%
- Payback
- 5 years
- Initial capex
- US$1340M
- Mine life
- 20.1 years
- Gold price assumed
- US$1,700/oz
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.
News releases22 on file
Oroco Drills 234.6 Metres of 0.52% CuEq at Santo Tomás
Drill hole S045 at the Santo Tomás copper project in Choix, Sinaloa, Mexico returned 234.6 m at 0.43% Cu (0.52% CuEq) from 174.1 m, among ten holes in the fifth batch of Phase 2 South Zone assays. Other results include S046 with 128.0 m at 0.36% Cu (0.48% CuEq) from surface, S049 with 86.1 m at 0.51% Cu from 85.5 m, and S053 with 84.2 m at 0.50% Cu from 159.6 m. Phase 2 has completed 50 holes tota
Drill resultsOroco Increases South Zone Certainty at Santo Tomás
The second set of Phase 2 assay results from the South Zone at the Santo Tomás copper project in Choix, Sinaloa, Mexico covers holes S025, S026, S028 and S029, with intercepts including 84.94m at 0.29% Cu / 0.33% CuEq and 90m at 0.41% Cu / 0.53% CuEq in S025, 48.6m at 0.56% Cu / 0.67% CuEq in S026, 44.52m at 0.38% Cu / 0.46% CuEq in S028, and 58.76m at 0.35% Cu / 0.43% CuEq in S029. Twenty-two hol
NewsOroco Intersects 228 m of 0.49% CuEq and 212 m of 0.44% CuEq at Santo Tomás
Phase 2 resource drilling at the Santo Tomás copper project in Choix, Sinaloa, Mexico returned 228.55 m at 0.38% Cu / 0.49% CuEq (including 64.86 m at 0.53% Cu / 0.69% CuEq) in hole S022 and 212.33 m at 0.34% Cu / 0.44% CuEq in S023; S024 intersected intermittent mineralization confirming the western Inferred resource limit. Phase 2 has drilled 3,606 m in 14 holes, with four holes at the laborator
Drill resultsOroco Increases Activity at Santo Tomás
A second diamond drill rig has been mobilized to the South Zone of the Santo Tomás copper project in Sinaloa State, Mexico, joining the first rig in the Phase 2 program. Six holes are complete with two in progress, and core from holes STPp-22 and STPp-23 has been submitted for assay. The program combines infill and confirmation drilling with hydrogeological, geotechnical and metallurgical work to
NewsOroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
A bought deal public offering of 60,526,340 units at C$0.38 per unit closed for gross proceeds of approximately C$23 million, including full exercise of the over-allotment option, led by Canaccord Genuity with Red Cloud Securities. Each unit includes one common share and one-half warrant exercisable at C$0.53 until January 15, 2029, with warrants expected to trade on the TSXV as OCO.WT from Januar
FinancingOroco Announces Bought Deal Financing Led by Canaccord Genuity
A bought deal financing of 39,474,000 units at C$0.38 per unit for gross proceeds of approximately C$15.0 million has been agreed with a syndicate led by Canaccord Genuity, with each unit including one common share and one-half warrant exercisable at C$0.53 for 36 months. A 15% over-allotment option for up to 5,921,100 additional units could raise total gross proceeds to about C$17.25 million. Pro
FinancingOroco Announces Upsize of Bought Deal Financing Led by Canaccord Genuity
A previously announced bought deal public offering has been upsized to approximately C$20.0 million, consisting of 52,631,600 units at C$0.38 per unit, each unit comprising one common share and one-half warrant exercisable at C$0.53 for 36 months. The underwriters, led by Canaccord Genuity, hold an over-allotment option for up to 7,894,740 additional units, which would bring total gross proceeds t
FinancingOroco Announces Private Placement
A non-brokered private placement of up to 18,000,000 units at US$0.20 (approximately CDN$0.276) per unit for gross proceeds of up to US$3,600,000. Each unit comprises one common share and one half warrant exercisable at US$0.30 for 24 months from issue. Director Faysal Rodriguez has agreed to take 5,000,000 units for US$1,000,000. Proceeds are earmarked for the Santo Tomás Project in Sinaloa and C
FinancingOroco Welcomes Faysal Rodriguez to its Board of Directors
Faysal Rodriguez has been appointed to the board of directors of Oroco Resource Corp. He is currently Senior Vice President, Mexico at Torex Gold Resources, with over 25 years of mining experience including roles at Goldcorp's El Sauzal mine, Glamis Gold, Agnico Eagle, Nyrstar, Geologix Explorations and Primero Mining, and served as General Manager of Torex's El Limón-Guajes complex from 2018. Oro
ManagementOroco Resource Corp. Announces Live Shareholder Town HallFeaturing Executive Chairman, Craig Dalziel and President, Ian Graham
A live virtual shareholder Town Hall will be held Wednesday, September 24, 2025, from 8:00 AM to 10:00 AM PDT with Executive Chairman Craig Dalziel and President Ian Graham, with registration via Zoom. The session will cover the Santo Tomás Copper Project in northwestern Mexico, including management, permitting progress, community engagement and next steps, followed by a live Q&A.
CorporateOroco Congratulates Hudbay Minerals Inc.
Oroco Resource Corp. commented on Hudbay Minerals' August 13, 2025 agreement with Mitsubishi Corporation, under which Mitsubishi will acquire a 30% interest in Hudbay's Copper World project in Arizona for US$600 million, comprising US$420 million at closing for the 30% equity interest and $180 million as a matching contribution within 18 months of closing. Oroco said the transaction supports its d
NewsOroco Engages Whittle Consulting Ltd.
Whittle Consulting Ltd. of Melbourne, Australia has been retained to complete a Strategic Option Study for Oroco's Santo Tomás porphyry copper project in northwestern Mexico, assessing alternative power sources, mining fleet electrification, processing technologies and tailings storage options, and refining pit size, stripping ratios and cut-off grades ahead of a Pre-Feasibility Study. The study w
CorporateOroco Announces Private Placement
A non-brokered private placement of up to 5,000,000 units at C$0.30 per unit for gross proceeds of up to C$1,500,000, with each unit comprising one common share and one warrant exercisable at C$0.45 for 36 months from issue. Proceeds are intended for advancement of the Santo Tomás Project in Sinaloa and Chihuahua States, Mexico, plus working capital and general corporate purposes. Closing is subje
FinancingOroco Resource Corp. Announces Live Shareholder Townhall
A live virtual shareholder Townhall will be held on Wednesday, May 28, 2025 from 8:00 AM to 10:00 AM Pacific Daylight Time, hosted by Executive Chairman Craig Dalziel and President Ian Graham. The session will cover updates on the Santo Tomás Copper Project in northwestern Mexico, including permitting progress, community engagement and next steps, with a question-and-answer segment for participant
CorporateOroco Announces Major Initiatives
Oroco Resource Corp. will supplement its regulatory permitting process for the Santo Tomás Copper Project in northwestern Mexico with an application to laterally shift a section of the river adjacent to the project area, north of the existing pit of the North Zone, to access resource identified in the 2024 Mineral Resource Estimate that was excluded from the 2024 Preliminary Economic Assessment mi
NewsAdvancing the Santo Tomás Project
Oroco's chairman Craig Dalziel and senior management met in Mexico City with Dr. Luis Rosendo Gutiérrez Romano, Undersecretary of the Mexican Economy, and other federal and state officials to discuss advancing the Santo Tomás copper project in Choix, Sinaloa. The meetings, initiated by Congressional Deputy Mario Zamora, addressed the project's potential for development, investment and regional eco
CorporateOroco Closes Non-Brokered Private Placement
A non-brokered private placement closed for gross proceeds of $2,303,555.75 through the sale of 9,214,223 units at $0.25 per unit, each unit comprising one share and one warrant exercisable at $0.40 for 24 months. Insiders via ATM Mining Corp. purchased 3,850,000 units, and finder's fees of $900 cash and 3,600 warrants are payable. Proceeds will advance the Santo Tomás Project in Sinaloa State, Me
FinancingOroco Announces Upsizing of Private Placement
Gross proceeds of $2,303,555.75 were received for an oversubscribed private placement of 9,214,223 units at $0.25 per unit, each unit comprising one common share and one warrant exercisable at $0.40 for 24 months from closing. The offering is subject to TSX Venture Exchange approval, and securities carry a 4-month hold period. Proceeds will fund advancement of the Santo Tomás Project in Sinaloa St
FinancingOroco Amends Private Placement Terms for Gross Proceeds of Up to C$1.5 Million
The non-brokered private placement announced on January 27, 2025 has been amended to up to 6,000,000 units at C$0.25 per unit for gross proceeds of up to C$1,500,000, with Red Cloud Securities Inc. acting as finder. Each unit comprises one common share and one warrant exercisable at C$0.40 for 24 months from issue. Proceeds are intended for advancement of the Santo Tomás Project in Chihuahua State
FinancingOroco Announces Private Placement for Gross Proceeds of Up to C$1.5 Million
A non-brokered private placement of up to 5,000,000 units at C$0.30 per unit for gross proceeds of up to C$1,500,000, with Red Cloud Securities Inc. acting as finder. Each unit includes one common share and a half warrant exercisable at C$0.45 for 24 months. Proceeds will fund advancement of the Santo Tomás Project in northwestern Mexico, working capital and general corporate purposes, subject to
FinancingOroco Announces Closing of Brokered Private Placement for Gross Proceeds of $6.3m
A brokered private placement of 14,051,127 units at $0.45 per unit closed for gross proceeds of $6,323,007.15, including partial exercise of the Agents' option. Each unit includes one common share and half a warrant exercisable at $0.65 for 24 months. Red Cloud Securities and Canaccord Genuity received a cash commission of $271,636.20, 603,636 broker warrants, a $44,893.43 advisory fee and 99,763
FinancingOroco Announces Brokered Private Placement For Gross Proceeds Of C$6.0 Million
A brokered best efforts private placement for gross proceeds of C$6,000,000 has been agreed with Red Cloud Securities Inc. as lead agent and sole bookrunner, comprising 13,333,333 units at C$0.45 per unit, each unit consisting of one common share and one half warrant exercisable at C$0.65 for 24 months after closing. The agents hold an option for up to 2,222,222 additional units for up to C$1,000,
Financing