Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up

Orosur Mining swings to modest profit in second quarter

Tue, 14th Jan 2020

South America focused gold miner Orosur Mining swung to a small profit in the second quarter after it booked a gain on discontinued operations. Net profit for the three months through December amounted to $41k, compared to a loss of $2.44m on-year. From continuing operations, the company booked a net loss of $0.37m, compared to a loss of $0.65m on-year. 'During the year ended May 31, 2018, the board adopted an aggressive strategic plan to restructure its business, and recapitalize and transform the company,' Orosur Mining said. 'The company's main objectives were advancing the Anza project: the company's flagship, high-grade gold exploration asset in Colombia; finding a fair solution in Uruguay for all stakeholders; and reducing its activities in Chile.' 'This strategy remains unchanged.' At 9:52am: (LON:OMI) Orosur Mining Inc share price was 0p at 3.1p Story provided by

FTSE 100 Latest