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LONDON (Alliance News) - South America-focused gold miner Orosur Mining Inc on Tuesday said its third quarter production was in line with its expectations and said it remains on track to meet its full-year production guidance.
Orosur said gold production in the third quarter of its financial year to the end of March was 13,760 ounces, up from 13,218 ounces a year earlier. Cash operating costs were at USD876 per ounce, up from USD818 per ounce a year earlier but down from the USD984 per ounce in its second quarter.
Orosur said the production volumes and the operating costs were in line with its expectations and said it remains on track to hit its full-year production guidance of 50,000-55,000 ounces at an average cost of USD850 to USD950 per ounce.
Shares in the company were trading down 1.4% Tuesday at 9.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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