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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: 4.20
Bid: 4.10
Ask: 4.30
Change: 0.10 (2.44%)
Spread: 0.20 (4.878%)
Open: 4.10
High: 4.25
Low: 4.10
Prev. Close: 4.10
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AIM WINNERS & LOSERS: Orosur strikes gold; Hummingbird lowers guidance

Fri, 21st Oct 2022 10:47

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

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AIM - WINNERS

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Orosur Mining PLC, up 24% at 12.38 pence, 12-month range 7.03p-19p. The South America-focused mineral exploration and development company shares "encouraging" drill results from Pepas and Pupino. Holes PEP005 and PEP007 returned "substantial gold intersections", including 80.55 metres at 3.05 grammes per tonne gold. "PEP001 was clearly a spectacular result, but being only the first hole, caution was warranted. It is encouraging therefore that further holes have confirmed this first result and we eagerly await results from better positioned holes," Chief Executive Brad George says.

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Directa Plus PLC, up 18% at 90p, 12-month range 74p-178p.The graphene-based product maker reports its first major commercial contract for Gipave. Industrial firm ASTM Group will use the product in sustainable asphalt for the A4 Torino-Milano motorway section in Italy. "It is a significant validation of our product with no significant impact on 2022 sales but a supply of several tonnes of material in 2023/2024," says CEO & Founder Giulio Cesareo. No financial details are provided.

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Alpha FX Group PLC, up 11 at 2,069.3p, 12-month range 1,060p-2,400p. The foreign exchange risk management and international payments firm says revenue growth is strong in 2022 so far, with profit now set to be "materially ahead" of expectations. This is due to the rising interest rates, which are generating additional income from Alternative Banking's overnight cash balances, it explains.

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AIM - LOSERS

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Hummingbird Resources PLC, down 20% at 5.82p, 12-month range 5.2p-22p. The miner says gold production at Mali, Yanfolila falls to 16,827 ounces in the third quarter, from 20,013 ounces in the second quarter of 2022. Average realised gold price falls to USD1,713 per ounce compared to USD1,851 in the quarter immediately before. In addition, all in sustaining costs rise to USD2,161 per ounce from USD1,859 per ounce. As a result of various issues which have hit production, the firm lowers annual production guidance, and revises all in sustaining costs guidance upwards.

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By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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(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.

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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."

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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

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15 Feb 2024 15:49

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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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(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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Orosur Mining in talks over retaking full control of Colombian project

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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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Orosur Mining reports progress in first quarter

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