Orosur Mining on the ascent thanks to Colombian gold deposits
2nd Dec 2024 11:44
(Alliance News) - Orosur Mining Inc on Monday reported "exceptional results" from gold assays derived from its flagship Anza project in Colombia. Read More
(Alliance News) - Orosur Mining Inc on Monday reported "exceptional results" from gold assays derived from its flagship Anza project in Colombia. Read More
Orosur Mining Inc - South America-focused minerals explorer and developer - Completes its acquisition of Minera Monte Aguila SAS, meaning it now has 100% ownership of the Anza gold project in Colombia, with no upfront payments. MMA had been a 50-50 joint venture between Newmont Corp and Agnico Eagle Mines Ltd. Chief Executive Officer Brad George says: "It is pleasing to finally be back in charge of our destiny. And with drilling already well underway, we are looking forward to a period of enhanced newsflow." Orosur Mining expects the first results "soon" from drilling at its Pepas prospect at Anza. Read More
Orosur Mining Inc - South America-focused minerals explorer and developer - Receives approval for its return to 100% ownership of the Anza gold project in Colombia. Its Canadian subsidiary, Waymar Resources Ltd, will purchase all issued shares of joint venture partner Minera Monte Aguila SAS, from its wholly-owned subsidiaries Newmont Corp and Agnico Eagle Mines Ltd. Minera Monte Aguila owned a 51% interest in Anza. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Orosur Mining Inc on Tuesday said that negotiations of the terms of a definitive binding share purchase agreement regarding the Anza gold project in Colombia have successfully concluded. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(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. Read More
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." Read More
(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: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
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. Read More
(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. Read More
(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: Read More
(Alliance News) - Orosur Mining Inc on Monday hailed the addition of a Lithium asset in Nigeria as it reported a narrowed quarterly loss. Read More
(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. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Orosur Mining Inc on Wednesday said that the sampling and mapping programme at its Ariquemes tin project in Brazil's Rondonia state has now commenced. Read More
(Alliance News) - Orosur Mining Inc on Thursday said Colombian firm Minera Monte Aquila has reduced exploration expenditure on its Anza project, thus placing it into care and maintenance. Read More