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Pin to quick picksOrosur Mining Share News (OMI)

Share Price Information for Orosur Mining (OMI)

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Share Price: 4.00
Bid: 3.90
Ask: 4.10
Change: 0.00 (0.00%)
Spread: 0.20 (5.128%)
Open: 4.00
High: 4.00
Low: 4.00
Prev. Close: 4.00
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AIM WINNERS & LOSERS: Tavistock eyes buyback; IQE's currency caution

Tue, 07th Sep 2021 10:27

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Orosur Mining Inc, up 8.5% at 21.70 pence, 12-month range 0.050p-26.22p. Joint venture partner Minera Monte Aguila SAS exercises its right to assume ownership of the Anza project in Colombia. Project now moves into fourth year of phase 1, with a further USD4 million to be spent under an exploration agreement.

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Tavistock Investment PLC, up 8.9% at 4.90 pence, 12-month range 1.28p-5.90p. Investment manager's revenue falls 0.3% to GBP28.7 million in the year ended March 31 from GBP28.8 million. It swings to a pretax profit of GBP949,000 from a GBP5.7 million loss. Tavistock outlines plans for a potential buyback, after receiving the initial GBP20 million proceeds from its Tavistock Wealth sale.

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AIM - LOSERS

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IQE PLC, down 12% at 46.60p, 12-month range 42.00p-91.94p. The wafer products provider says its revenue in the six months to June 30 falls 12% to GBP79.5 million from GBP89.9 million a year earlier. IQE narrows its pretax loss to GBP2.7 million from GBP5.0 million. The company warns it is experiencing a "significant foreign exchange headwind". It expects revenue to be in line with last year on a constant currency basis.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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EARNINGS: Videndum warns on recovery; AB Dynamics expects profit beat

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25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

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25 Mar 2024 15:33

Orosur inks deal to buy back full share in Anza Project

(Sharecast News) - Orosur Mining updated the market on its Anzá Project in Colombia on Monday, the centrepiece of an exploration agreement with Minera Monte Águila (MMA), a joint venture equally owned by Newmont and Agnico Eagle Mines.

Read more
25 Mar 2024 14:23

IN BRIEF: Orosur to regain ownership of Anza project, Colombia

Orosur Mining Inc - South America-focused minerals explorer and developer - Says it will regain full ownership of its Anza project in Colombia, as it aims to repurchase it from Colombian firm, Minera Monte Aguila after having recently signed a letter of intent. Says it plans to reassume ownership and operatorship, with recommencement of drilling underway. The proposed consideration set out in the deal is a net smelter return royalty of 1.5% and cash payments of up to USD15 million, payable upon meeting certain agreed production thresholds. Chief Executive Officer Brad George says: "After such a long period in abeyance, we are excited at the prospect of reassuming ownership and control of Anza at this time of buoyant gold prices and heightened market interest in precious metals. Most importantly, the structure of the transaction whereby all consideration is deferred and contingent upon production allows us to immediately direct our resources into the ground."

Read more
23 Feb 2024 12:19

Orosur's new incentive plan gets TSX approval

(Sharecast News) - Orosur Mining announced on Friday that it has received approval from the TSX-V for its new equity incentive plan, following shareholder endorsement at the annual and special meeting on 20 December.

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22 Feb 2024 17:36

EARNINGS AND TRADING: Astra closes Gracell buy, Amicorp "on track"

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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15 Feb 2024 15:49

TRADING UPDATES: Biome wins contract; Orosur Mining raises GBP500,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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26 Jan 2024 18:42

IN BRIEF: Orosur Mining loss from continuing operations narrows

Orosur Mining Inc - South America-focused minerals explorer and developer - Reports net loss from continuing operations in the three months to November 30 of USD392,000, narrowed from a USD543,000 loss the year prior. No revenue was disclosed. Corporate and administration expenses totalled USD468,000, up from USD436,000 the year before. Cash balance at period end was USD2.1 million, down from USD3.7 million at the same time one year prior.

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26 Jan 2024 16:23

Orosur reports progress through its second quarter

(Sharecast News) - Orosur Mining updated the market on its second quarter on Friday, reporting that in Colombia, exploration activities were scaled back as it primarily focussed on regulatory compliance work.

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23 Jan 2024 10:43

Orosur Mining in talks over retaking full control of Colombian project

(Alliance News) - Orosur Mining Inc on Tuesday said negotiations are ongoing over buying Minera Monte Aguila SAS' 51% interest in the Anza project in Colombia.

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12 Dec 2023 15:55

UK shareholder meetings calendar - next 7 days

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Technology Minerals PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
28 Nov 2023 14:57

TRADING UPDATES: Scancell trial progresses; OptiBiotix inks new deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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30 Oct 2023 12:55

Orosur Mining reports progress in first quarter

(Sharecast News) - Minerals explorer and developer Orosur Mining reported a cash balance of $3.19m at the end of its first quarter on Monday, which had since decreased to $2.35m.

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30 Oct 2023 12:19

Orosur Mining loss narrows in "very busy progressive" first quarter

(Alliance News) - Orosur Mining Inc on Monday hailed the addition of a Lithium asset in Nigeria as it reported a narrowed quarterly loss.

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16 Oct 2023 10:29

Orosur inks joint-venture deal in Nigeria for lithium exploration

(Alliance News) - Orosur Mining Inc on Monday said it signed a joint-venture deal with Nigeria-based Jurassic Mines Ltd to cover four licences across the Nigerian lithium belt.

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