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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: 4.65
Bid: 4.60
Ask: 4.70
Change: 0.00 (0.00%)
Spread: 0.10 (2.174%)
Open: 4.65
High: 4.80
Low: 4.60
Prev. Close: 4.65
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Orosur Mining Chief Executive Officer to step down in May

Fri, 08th Mar 2013 09:33

AIM-listed South America-focused gold producer Orosur Mining has announced that David Fowler will resign from his position as Chief Executive Officer on May 31st. Fowler joined Orosur as Chief Financial Officer in 2004 and became Chief Executive Officer in 2006. The company said that it is in the process of recruiting a replacement. Fowler's existing terms of employment will apply until May 31st and the company said that the terms of his severance and engagement after that date were in the process of being finalised. Gold production for the third quarter ended February 28th was 18,401 ounces, resulting in year-to-date production for the nine months of 47,822 ounces. The company reported that its production forecast remained 63,000-to-68,000 ounces for the full year. Fowler commented: "The successful development of the first underground mine in Uruguay at Arenal Deeps reached an important milestone during the quarter with the completion of the ramp to provide access to higher grade ore and leaves the company in a strong position to pursue its objectives of generating cash, extending the mine life at San Gregorio, and realising value from its Chilean exploration assets. Tony Shearer, Chairman of Orosur Mining, commented: "David has been with Orosur for nine years and we have mutually decided that he needs new challenges and opportunities, and that a fresh approach would be beneficial to the company. We are very grateful to David for all he has achieved for Orosur, and we will be working together to achieve a smooth transition." "Overall, the board is confident that the company remains on track to deliver the strategy that was outlined in October 2012," he concluded. Orosur Mining is a fully integrated gold producer and exploration company focused on identifying and developing gold projects in Latin America. It operates the only producing gold mine in Uruguay, San Gregorio, and has assembled an exploration portfolio of high quality assets in Uruguay and Chile. Orosur Mining's share price was up 1.17% to 32.50p at 08:59 on Friday.MF
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23 Apr 2024 13:31

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25 Mar 2024 16:51

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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"

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15 Feb 2024 15:49

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

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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
Limitless Earth PLCAGM
Softcat PLCAGM
Volution Group PLCAGM
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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 
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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
  
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28 Nov 2023 14:57

TRADING UPDATES: Scancell trial progresses; OptiBiotix inks new deal

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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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