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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: 4.15
Bid: 4.00
Ask: 4.30
Change: 0.85 (25.76%)
Spread: 0.30 (7.50%)
Open: 3.30
High: 4.30
Low: 4.15
Prev. Close: 3.30
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Orosur Hires New Director, Says Drilling At Anza "Progressing Well"

Tue, 12th Jan 2021 10:52

(Alliance News) - Orosur Mining Inc on Tuesday said it has hired Nicholas von Schirnding as a non-executive director as it highlighted progress in drilling work at its Anza project in Colombia.

The Toronto-based mineral exploration firm said newly-hired von Schirnding has over 25 years of experience in mining and natural resources including strategic development, mergers & acquisitions, restructuring, driving operational change and corporate governance. He is currently chair of Arc Minerals PLC as well as non-executive director of Jangada Mines PLC and Edenville Energy PLC.

The company also said Non-Executive Chair Louis Castro will become executive chair as he has assumed several executive duties largely related to commercial, corporate and financial matters.

Separately, Orosur said that drilling work at Anza has been progressing well, noting that since November 15, three holes have been completed and the rigs are currently well advanced on the 4th and 5th holes. Over 1,100 metres has been completed of the planned first phase of 2,400 metres, and over 1,000 samples have been submitted for analysis.

However, the company said that Covid-19 related staff shortages at its laboratory in Lima, Peru has resulted in a significant increase in expected assay turnaround times but assured complete assays for the first hole should be available by the end of January.

Shares in Orosur Mining were trading 3.2% higher at 22.65 pence each on Tuesday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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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.

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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

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

Wednesday 13 December 
Dechra Pharmaceuticals PLCAGM
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Softcat PLCAGM
Volution Group PLCAGM
Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting, tender offer
Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Tristel PLCAGM
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
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Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
dotdigital Group PLCAGM
easyJet PLCGM re buy of 157 A320neo family aircraft
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
Zanaga Iron Ore Co LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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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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29 Sep 2023 14:35

EARNINGS: Supply@Me loss narrows; notes strong pipeline

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

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