Last checked at 22 Nov 2017 07:00
Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM:OMI) a South American-focused gold producer, developer and explorer announces a second quarter (“Q2”) operations update on production from its San Gregorio mine complex in Uruguay.
The Company expects a deferral of approximately 2,000 ounces from Q2 production at the San Gregorio mine complex due to the extended downtime of two long hole drill rigs used in stope production at the San Gregorio Underground West mine (“SGW UG”). Work is well underway to repair the machinery and it is anticipated that the affected drill rigs will return to full productivity by the end of November and the Company has already resumed underground production. During Q2, development continued as planned at SGW UG and mill feed is being partially supplemented by open pit ore and low grade stockpiles causing lower head grades than planned.
Orosur will provide a detailed update on Q2 production in the Quarterly Results Report.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX:OMI; AIM:OMI) is a fully integrated gold producer, developer and explorer focused on identifying and advancing gold projects in South America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay, Chile and Colombia.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Ignacio Salazar, Chief Executive Officer of the Company (responsible for arranging release of this announcement) on: +1 (778) 373-0100.
Forward Looking Statements
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of the Company, constitute "forward-looking statements" within the meaning of certain securities laws, including the "safe harbour" provisions of the Securities Act (Ontario) and the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release. There can be no assurance that such statements will prove to be accurate. Such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements include, without limitation success of exploration activities; permitting time lines; the failure of plant; equipment or processes to operate as anticipated; accidents; labour disputes; requirements for additional capital title disputes or claims and limitations on insurance coverage. The Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.
Orosur Mining IncIgnacio Salazar, Chief Executive Officerinfo@orosur.caTel: +1 (778) 373-0100orCantor Fitzgerald Europe – Nomad & Joint BrokerDavid Porter/Keith DowsingTel: +44 (0) 20 7894 7000orNumis Securities Limited – Joint BrokerJohn Prior / James Black / Paul GillamTel: +44 (0) 20 7260 1000orFTI ConsultingBen Brewerton / Sara Powell / Emerson ClarkeTel: +44 (0) 20 3727 1000
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