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Orosur Mining Inc - Toronto-based mineral exploration firm focused on Columbia and Uruguay - Posts a pretax loss of USD2.0 million in the financial year that ended May 31, narrowing from USD2.4 million, after corporate and administration expenses were reduced to USD1.5 million from USD1.8 million.
Going forward, Chief Exeuctive Brad George says: "2020 however marks a new chapter where we shift focus to Colombia and the Anza project, with our partners Newmont and Agnico. Covid-19 has clearly presented challenges, but with careful planning and operation, we hope to be active toward the end of calendar 2020, setting the foundation for an exciting 2021."
Current stock price: 31.35 pence, up 22% on day
Year-to-date change: up substantially from 3.00p on December 30
By Greg Roxburgh; gregroxburgh@alliancenews.com
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