Fabulous increase in value......EK has been tipping this one....for some time now.

Some news this am,thinking of buying in as it's isable?

http://www.investegate.co.uk/Article.aspx?id=201104140700088704E

Already have some in there....and it's looking very promising indeed what with Arenal deeps and the increasing production and reduced costs........good one to tuck away in the Isa...

I think that at some stage the producing gold stocks will have their sp playing catch-up.....because 1472 us dollars an ounce, and with costs and profit being geared....the sps just have to rise......I reckon GFM and NGL and one or two others along with OMI will rocket !.

KEEP an EYE

OMI 52.25p ( 52 / 52.50p )

Falling heavilly lately, due for a bounce back as there is some demand today at this price.
operating cash cost/oz at $810. Cash balance at 13M. In the last year 2010/11 OMI made a pre-tax profit of $15.9m.

Never amuses me what is going on at "moneyam" chart and anything else, they have already ask me to log in 3 times today.

if going by mid price, then 53.25 / 57p then should be 54.875p not as showing 53.62

some more buying earlier and offer price has move higher but not the bid, making a large spread and not encouraging investors to take a punt at least.

Closing with a hammer CANDLESTICK ( it is now ) would be very bullish on the chart............

Definition:
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom.
The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.

Recognition Criteria:
1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.

57.5p +1p

well up of intrady's lows and just reported a delayed trade of 100K @ 58.75p time 15.57pm.

Volume higher than usual or best for the last 2 month 472K


moneyam - volume not up to standard again

A GAP up this morning and an early "AT" at 63.75p that is very high indeed

now spread 59.75 / 62.50p

54p +4p

is hot again today as buyers are ready to pay premium.

A large delayed trade 63K @ 56p ( large premium paid ) has encouraged new buyers, and though small are enough for the share price to keep moving higher now 57p +7p

NMS on level 2 is 5K for MMs

has been holding all day at yesterdsay's closing but just now it seems it wants to go better

on the up today as news are due

Results for 3rd qtr on Thursday, should be announcing circa $300 per onz increase on there gold sales over the avg price from the last qtr of $1347.

any of the posters on here still in this?

not likely.

Listen to Orosur Mining discuss the company's Latin America focused gold mining exploration.

Webcast

Nice to see this rising.....nice....!...

Gold on the up...so the producers....up as well as long as they are not too hedged....that's the trouble with POG...though it looks as if the gold miners are in for an upwards run...makes a change as they have suffered terribly in the last few years...

Good results once more......good for 20p....

Cantor Fitzgerald today reaffirms its buy investment rating on Orosur Mining Inc (LON:OMI) and raised its price target to 26p (from 22p).

Top performer today Harry and plenty for to come imo.

Interesting one. Have been trading PAF but getting a bit overbought at mo. This looks like it has a way to go, assuming gold continues to rise.

Not possible to buy at the moment via Equiniti (Selftrade). Think I will leave alone if it's that difficult to trade.

Good luck Harry approaching 20p today.

paid 17.27 6..7..16 i have to believe gold to go up from 1374 oz am looking
for a better gold stock ? BB

Cantor Fitzgerald today reaffirms its buy investment rating on Orosur Mining Inc (LON:OMI) and raised its price target to 32p (from 26p)

"While our estimates will need some adjustments, based on a US$1,321/oz gold price we are currently forecasting a significant increase in OMI's earnings next year, placing OMI on multiples of just 1.2x EV/EBITDA [enterprise value/underlying earnings] and 2.4x P/E [price/earnings] despite the share price having doubling in the past 12 months. Hence, we believe there must be more upside to the share price from this level and we reiterate our BUY recommendation and TP [target price] of 32p.” said Cantor’s Robin Byde.

Great chart.

Nice to see the next leg up. Gold currently at $1355 p/oz

Orosur Mining Inc. - Notice of Results for the Full Year Ended May 31, 2016

Orosur Mining Inc.
Orosur Mining Inc. (Orosur or the Company) (TSX/AIM: OMI), a South American-focused gold producer, developer and explorer is pleased to announce that it will deliver the results for the fiscal year ended May 31, 2016, on Tuesday 16 August, 2016.

There will be a conference call for analysts and investors at 15:00 BST / 10:00 EDT / 07:00 PST on 16 August, 2016 hosted by CEO Ignacio Salazar. A copy of the results announcement and presentation, including dial in details for the call, will be posted on the Company's website: www.orosur.ca on the morning of results.

StockMarketWire.com
Orosur has narrowed its FY pretax loss to $3.2m, from a loss of $49.4m. Sales came in at $42.9m, from $65.9m.

The period was hurt by impairments of $4.2m, from $14.7m, and exploration expenses and exploration written off of $351,000, from $27.9m.

Gold production totalled 35,773 oz, which was ahead of guidance for 30,000-35,000 oz. FY 2015 production was 53,485 oz.

Cash operating costs totalled $877/oz, from $912/oz. The company's forecast production guidance for FY 2017 is increased to between 35,000 to 40,000 ounces of gold at operating cash costs of between US$800 to US$900 per ounce.

This represents an improvement compared to last year's delivered results and guidance (30-35 koz at US$850-950/oz operating cash costs).

Orosur expected to benefit from the savings generated by the ongoing optimization of operations as well as higher grades from the San Gregorio West Underground project.

Big move down on weaker gold price this morning.

goldplay pundits bloomberg ect all say gold to up , OMI to follow BB

Pre August holiday selling in OMI? Gold has been up and down over the last few days, but agree that gold will probably strengthen over the coming months.

Deutcha bank statement 30.8.16 gold to go to 1700. Dent say no hedge against
mkt crash. my feeling is gold should go up , because of Quatum easing , ie
money printed . BB

movement in gold, at present comes from rate hike $ clinton trump election, = uncerternty, gold to spike ? 1374 BB

Moved up 10% today.

Orosur Mining Inc. (Orosur or the Company) (TSX/AIM: OMI), a South American-focused gold producer, developer and explorer is pleased to announce the results for its 2017 first quarter ended August 31, 2016 (Q1 17 or the Quarter).

Highlights of Q1 FY17
Gold production of 9,950 oz, on the higher end of the Companys 35,000 40,000 oz guidance for the full year (Q1 16: 12,471 oz).
Cash operating costs of US$693/oz, significantly beating guidance of between US$800 to US$900/oz (Q1 16: US$954/oz).
All-In-Sustaining costs (AISC) of US$989/oz (Q1 16: US$1,166/oz). The Company has maintained AISC below US$1,000/oz for the last three consecutive quarters now.
Net profit after tax of US$2.8M (Q1 16: loss of US$1.7M).
Cash generated from operations of US$4.8M (Q1 16: US$0.2M).
Total cash balance of US$5.0M (Q1 16: US$4.3M).

FY17 Outlook & Guidance
The Company's forecast production guidance for FY17 remains between 35,000 to 40,000 oz of gold at operating cash costs of between US$800 - US$900/oz.

As in the past, variations in production and unit costs are expected to occur, quarter on quarter, as the mine plan draws ore from multiple sources at varying grades, stages of development and stripping factors. The Company expects to have higher unit costs in Q2 as underground staff and equipment are transferred from the Arenal UG operation in its final months of production to the SGW UG development which is expected to commence production by the end of November 2016.

Ignacio Salazar, CEO of Orosur, said:
We are very pleased to announce a strong quarter with cash operating costs below US$700/oz, AISC below US$1,000/oz, net profit US$2.8M and cash from operations of US$4.8M. The commitment, additional work load and the tough decisions the team has had to assume during the past year has positioned the Company well to take advantage of gold price improvements this year and we are delighted to be seeing the benefits.

I believe the financial results speak for themselves, and taken together with the exploration and development progress we reported last week, show this is an exciting time for the Company. That said, we remain as pro-active as ever and are committed to making the most of the current position of the Company for the benefit of our shareholders and team. I very much look forward to the work and results ahead.

landmark point date. DEC 2016 MUSLIMS WILL BE ABLE TO BUY GOLD 19.12.16.
omi 12/12.75 gold @ 1136 date 15.12.16.

Gold through $1200 / oz

Orosur Mining Inc. H1 2017 Results: $3.7M Profit, $7.0M Cash From Operations and New San Gregorio UG Mine Put into Production.

OPERATIONAL HIGHLIGHTS
The San Gregorio West Underground (SGW UG) mine commenced full production from its maiden stope on November 24, 2016
Project completed on budget and on schedule following a safe and efficient transition of equipment and staff from Arenal
Construction included over 883m of horizontal development and approximately 663m of infill diamond drilling from 13 underground holes comprising the bulk of the zones to be mined within the existing FY17 SGW mine plan
An additional 90,000 tonnes at 1.4 g/t Au not previously in the mine-plan were produced at Arenal UG mine prior to its planned closure at the end of Q2 17, deferring higher grade production from SGW UG
Production for the Quarter of 6,852 oz was, as previously guided, affected by the transition from Arenal UG to the new SGW UG mine
FINANCIAL HIGHLIGHTS
Quarterly cash operating costs were $914/oz, in line with expectations(Q2 16: $858/oz)
Guidance for FY 17 remains $800 to $900/oz
Additional development capex related to the contruction of the SGW UG mine in Uruguay resulted in All-In-Sustaining costs (AISC) for the Quarter of $1,345/oz (Q2 16: $1,095/oz)
Transition from Arenal UG to the new SGW UG mine led to an increase on Capital Expenditure (capex) to $3.8M (Q2 16: $0.9M)
Cash generated from operations increased in Q2 17 to $2.2M (Q2 16: $0.9M). Total cash balance at period end of $5.4M, increased from Q1 17: $5.0M, and FY 16: $4.3M
Q2 17 Net profit after tax of $0.9M (Q2 16: loss of $0.9M)
Average gold price for the quarter was $1,252/oz (Q2 16: 1,100/oz)
OUTLOOK
Exploration drilling in and around the San Gregorio UG area has yielded positive results, successfully intersecting gold mineralization in every hole, which are expected to significantly enhance mine economics and increase reserves and resources in the short and medium term. Further drilling is underway
During H2 FY17, the Company plans to accelerate exploration in open pit targets around the San Gregorio plant after receiving several permits and to drill seven RC/DD holes (1,600m) in the Arenal-SG corridor to test the occurrence of what could be a relatively large deposit.
In Colombia, the Company is finalizing a geological model of its high grade Anz gold project project to determine the exploratory potential with the assistance of Mine Development Associates (MDA) of Reno, Nevada. The results of this work are expected to be announced shortly.

Ignacio Salazar, CEO of Orosur, said:
Operations remain healthy and profitable, with $7M of cash generated in the first half of our fiscal 2017. The successful transition to San Gregorio UG as the Companys primary source of ore feed to the plant in Uruguay, was a significant achievement for Orosur. The SGW UG mine successfully started production from its first stope on November 24 on time and within budget.
The transition, achieved in a safe, professional manner, represents a significant technical and operational achievement and I am pleased with the technical capacity and execution demonstrated by our team. It was financed entirely from operational cash flow helped by the efficient transfer of equipment and staff between the two undergound mines.
In parallel, more active and aggressive exploration work in Uruguay appears to have a good likelikood of enhancing the San Gregorio underground project and advancing the open pit projects around the plant. In Colombia, we are making good progress in the geological interpretation and modelling of our high grade Anz gold project and expect to be updating the market shortly.

Orosur Mining Inc. - Colombia Anz Gold Project Exploration Update
Orosur Mining Inc. (TSX/AIM: OMI), is pleased to announce an update of its exploration activities at its wholly-owned, high grade Anz gold project (Anza) located in the Mid Cauca Belt in Colombia.

Completion of preliminary geological model
Orosur has completed a preliminary geological model for the Aragon-Pastorera Trend Area (APTA) of the Anz project, based predominantly on 17,408m of existing diamond core drilling data from 53 holes previously drilled. 3,000m of this core has been re-logged, with special attention given to the lithology, alteration suites, structural trends and grade distribution.

Based on this information, a geological estimate of an exploratory gold potential of a portion of the APTA has been prepared with the assistance of Mine Development Associates (MDA) of Reno, Nevada. The resulting potential ranges between 1.6 M - 2.3 M tonnes averaging between 3.2 - 3.7g/t Au. This estimate is based on current drilling and is expected to grow as future exploration drilling is conducted.

The Company believes that the mineralized zones in the APTA continue, both at depth and at the surface, to the north and south of the limited area which has been analysed to date and included in the preliminary model. As such, there is the potential for a much larger resource base to be identified.

The APTA extends 2 km along strike of the vein-like deposit; but only accounts for a small portion of the total Anz project, which covers approximately 105 km in total.

Previous drilling of Anz has shown consistent high grade gold intercepts over significant widths as well as coincident zinc mineralization. Anz is situated in a well-known geological setting in Colombia already hosting a number of substantial gold projects. The Anz project has existing mine and environmental permitting, and its existing infrastructure, including camps, roads, power and water, are in good standing.

Next steps in Colombia
During 2017, the Company plans to undertake a 15,000m - 30,000m drilling campaign to:
Delineate maiden resources;
Further define and expand the potential mineralization for APTA;
Test mineralization in undrilled areas of the deposit where strong indications of economic gold occurrences exist; and
Commence initial drilling of nearby untested and highly prospective targets.
Upon completion of this drilling campaign, the Company intends to prepare and publish a maiden N.I. 43-101 compliant resource report for the Anz project.

The Company will update the market once the upcoming exploration programme has been designed and validated and a drilling contractor has been engaged.

Ignacio Salazar, CEO of Orosur, said:
Orosur acquired Anz in July 2014, through its nil premium all share acquisition of Waymar Resources, at a time when little to no value was being given to exploration projects. Our ambition at that time is now being rewarded with the encouraging initial exploration potential estimate for the drilled area. We look forward to finalizing plans for progressing the Anz project with significant drilling activities during 2017.

The Company believes that Anz has significant upside and we expect the project to take a more prominent standing in our suite of South American gold assets in the months to come.

Bought some @ 14.50p

MMs size is very small so one has to be carefull
some reasons why:
Gold rising and share price also since yesterday. Undervalued stock, they have cash in the bank $5.4M and now are profitable The switch to underground production at its San Gregorio mine has gone smoothly was on the last RNS

24 January 2017 - "Broker slaps big price upgrade on Orosur Mining

Cantor Fitzgerald have today increased their target price to 44p (from 32p):

http ://www.proactiveinvestors.co.uk/companies/news/172106/broker-slaps-big-price-upgrade-on-orosur-mining-172106.html

A new price target from Cantor Fitzgerald points to potential upside of over 150% at Uruguay-based gold miner Orosur Mining International PLC (LON:OMI TSE:OMI).

Orosur runs San Gregorio, the country’s only gold mine and is making significant progress towards defining new deposits and reserves close to its existing operations argues the house broker.

“We note a new determination on the part of the company in replacing reserve at its operations in Uruguay where exploration is underway on extensions to the new SGW underground workings and at nearby open pit targets.”

In addition, it has recently made a commitment to drilling its Anzá project in Colombia which should lead to a maiden resource estimate.

At San Gregorio, Cantor said it has been impressed by the smooth transition from the underground workings at Arenal to SGW (west).

The miner has reiterated its production and cost guidance for 2017 at 35-40,000oz and US$800-900/oz respectively, but Cantor is going for 36,600oz, leaving the company with 19,800 oz to produce in the second half or 18% more than in the first six months.

“As the new SGW mine stabilises during the period and open pit production is maintained, we believe this target should be comfortable.” The broker's estimate for cash costs has also been trimmed by 3.5% to US$816/oz.

“Based on our revised estimates and current peer group multiples our US dollar valuation for OMI rises by 13% to US$54m (C$0.73/share) but at current exchange rates the sterling target price rises by 36% to 44p.” Buy is the investment view.

Shares in London rose 1.5% to 16.75p. The miner is also listed in Canada."

Capital Structure Summary (As at 30 November, 2016):

Basic Shares Outstanding 99,951,404
Options 8,234,092
Warrants 0
Fully Diluted Shares Outstanding 108,185,496

The percentage of shares deemed to be non-public is 1.18%. Orosur holds no shares in treasury.
Major shareholders are those with shareholdings of 3% or more:

Major Shareholdings: (As at 29 June, 2016)
___Investor_______________ Shares_____ % Holding

TD Bank Financial Group__ 9,485,953____9.50%
Paul Stephens_________ 8,583,125____8.59%
Barclays Bank___4,665,782___4.67%
Canadian Imperial Bank of Commerce__4,364,272__4.37%
Fidelity Management & Research___3,609,500___3.61%
Hargreaves Lansdown PLC___3,577,572___ 3.58%
Private Holder (India)___3,465,024___3.46%
WH Ireland___3,237,065____3.24%
Patria Direct___3,184,170___3.19%

14.375p +0.625p (+4.55%)

Bid has gone better as the volume is close to the best of the last 3 month

Volume and rising is bullish

14.875p +0.375p (+2.59%)

Marked up as the day goes on, though no trades so far on the LSE ticker, but they are at NEX exchange

WINS has gone up on the bid 14.75p, there was plenty of Buying trades yesterday (all) till the end of the day

Gold has been going up again this morning $1247.20 +$3

Trades at NEX ....Http://www.nexexchange.com/member?securityid=102713

14.25p +0.125p

Cantor reiterate their 44p target price: - 03 Apr 2017 - 15:52

http://www.proactiveinvestors.co.uk/companies/news/175865/gold-production-up-as-orosur-switches-underground

"Gold production up as Orosur switches underground

So far this year Orosur has generated US$8.7mln in spare cash

Orosur Mining Inc (CVE:OMI LON:OMI) has seen full a full quarter of production at the new San Gregorio West underground site in Uruguay.

Around 60% of the 7,800oz produced in the three months to February came from the SGW operation.

A lower gold price clipped after tax profits to US$363,000 (US$3.07mln) but house broker Cantor noted that cashflow rose in the quarter.

So far this year Orosur has generated US$8.7mln in spare cash while profits year-to-date have risen to US$4.1mln (US$480,000).

The junior expects production of between 35-40koz of gold for the full year at cash costs of between US$800-900/oz, which implies a sharp pick-up in output in the fourth quarter said Cantor.

The broker’s target price remains 44p compared to 14.125p, up 1.6%, today."

Cantor Fitzgerald today reaffirms its buy investment rating on Orosur Mining Inc (LON:OMI) and cut its price target to 41p (from 44p).

Cantor Fitzgerald today (15/08/17) reaffirms its buy investment rating on Orosur Mining Inc (LON:OMI) and cut its price target to 38p (from 41p).

StockMarketWire.com
Orosur Mining swung to a pre-tax profit of $2 million in the year ending 31 May from a loss of $3.2 million the year before.

This was due to a higher gold price of $1,258/oz, compared with $1,154/oz a year earlier, and lower sales costs.

Net profit after tax for the year was US$2.6m.

Production during the year totalled 35,371 oz following a significant increase in production in the fourth quarter.

Ignacio Salazar, CEO of Orosur, said: "Cost management and technical excellence remain central to our strategy, demonstrated by successfully building and opening of the second UG mine in Uruguay during the year. The completion of the recent financing announced on August 11th 2017, which was oversubscribed and at a premium to the prevailing market when negotiated, is an important step to support our growth strategy.

"The quality of our assets, our track record on delivery and the recent financing position the company well for FY18 to make significant progress towards its growth potential and we look forward to reporting results from the resource definition in Colombia, tapping the potential of the highly prospective 100km greenstone belt we control in Uruguay and advancing Anillo in Chile."

$ to weaken gold to go up. 1350 0z am still holding BB

Orosur Mining Inc. Uruguay Exploration Update
Orosur Mining Inc. (Orosur or the Company) (TSX/AIM: OMI), the South America-focused gold producer, developer and explorer is pleased to provide an exploration and development progress update for its Uruguayan operations.

HIGHLIGHTS
Underground reserve increase in and around the San Gregorio West underground mine area (SGW UG)
From November 31, 2016 to May 31, 2017, total production from SGW UG totaled 12,600 oz
Current remaining San Gregorio underground (SG UG) probable reserves (SGW UG plus Central and East) are 34,633 oz (664,861 tonnes @ 1.62 g/t Au)
Further extensions to the east and at depth have returned encouraging exploration results
Veta A, an exciting new underground project, is advancing swiftly
A higher grade, previously mined open pit which previously produced 29,000 oz @ 3.1 g/t between September 2006 and March 2008
Current probable reserves are 9,440 oz (122,328 tonnes @ 2.40 g/t Au)
Targeting a significant increase in reserves following positive drilling and mineralization conducted over 140 metres away from the current defined reserves
A recent geotechnical study by SRK supports the feasibility of this strategy
A district scale geological model has been completed based on structural settings and is being used to search for additional significant discoveries in the 100 km long greenstone belt around San Gregorio:
This model has proved successful in explaining the historic deposits and has delivered some initial success at a new open pit deposit
This model will be key to the strategic greenfield exploration of this belt which is designed to grow minelife and expand production using available spare capacity of the SG Carbon in Leach (CIL) plant.
In September, the Company purchased a Sandvic DE710 diamond drilling rig to accelerate exploration.

Ignacio Salazar, CEO of Orosur, said:
Following our successful US$3.2 million fundraising in mid-August, we are pleased to be providing a robust exploration and development update for Uruguay.

During FY17, we not only transitioned successfully from the Arenal underground operation to the new SGW UG mine but we also ramped up development and exploration activities with the objective of increasing scale and efficiency at San Gregorio. We are also pleased to announce positive geotechnical and drilling results in Veta A, as we seek to further advance this project as our next underground operation.

Finally, we have now completed a district scale geological model which is already providing encouraging results. In support, we are deploying the necessary resources, including the purchase of a new diamond core drilling rig, to give our team the best chance of making a strategic discovery in Uruguay, which would allow us to increase production and minelife.

The Company is currently on track to meet its FY18 production guidance and we expect to report back shortly on the start of drilling at Anza in Colombia.

StockMarketWire.com
Orosur Mining reported a first-quarter loss after it produced less gold, prices fell and operating costs rose.

The company booked a net loss for the three months through August of $290,000, swinging from a profit in the same period a year earlier of $2.76m.

Gold production at the San Gregorio mine in Uruguay fell to 8,626 oz, down from 9,950 oz, which the company said was nevertheless tracking higher than its full-year guidance of 30,000 - 35,000 oz.

Cash operating costs of $901/oz jumped from $693/oz and were slightly above the top end of full-year guidance of between $800 to $900/oz.

The company said it had last week commenced drilling at its Anza project in Columbia and would update the market with assay results in the coming months.

governments may ban bit coins, china meeting if they are able to do this then
gold to go up 1300 & them sum. BB to 1350 oz

StockMarketWire.com
Orosur Mining said it had intersected a high-grade deposit at its Anza gold project in Colombia.

Results included intersecting 5.47 g/t of gold over 4.63m from 97.1m to 101.73m, including 771.3 ppm of copper and 1.44% Zinc.

"These initial results are extremely encouraging, supporting the presence of high gold mineralization over significant intervals and increasing confidence in the mineral body beyond the 17,000m of previous drilling," chief executive Ignacio Salazar said.

StockMarketWire.com
Orosur Mining said it expected to defer production from its San Gregorio mine complex in Uruguay due rig delays.

Around 2,000 ounces would be deferred from second-quarter production, due to the extended downtime of two long hole drill rigs, the company said.

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.

Orosur Mining Inc. is pleased to announce the results for the first half of its fiscal 2018 (H1 18) and second quarter ended November, 2017 (Q2 18 or the Quarter). All dollar figures are stated in US$000 unless otherwise noted.
EXPLORATION AND DEVELOPMENT HIGHLIGHTS
Drilling in the Apta portion of the Anz gold project in Colombia commenced in October 2017, with first drill results announced on November 14, 2017, including 5.32m at 17.76 g/t in hole MAP-54. Depth potential is being confirmed with gold mineralization intersected down to 200m. Mineralized zones remain open.
In Uruguay, a final infill drilling campaign and block model were finalised for San Gregorio Central (SGC), with mine development planned to start in Q3 18.
The Company is accelerating the preparation and permitting of Veta A Underground, a new underground project with higher grades next to the San Gregorio CIL Plant.
The deadline for Asset Chile to move into Phase 2 in Anillo expired on December 31, 2017 unexercised. As a result, Asset Chile will forfeit the 16% interest it had earned and Orosur is currently evaluating strategic alternatives to move ahead with the project with external and non-dilutive funding.
OPERATIONAL HIGHLIGHTS
Extended downtime of two long hole drill rigs used in stope production at the SGW UG mine caused the deferral of 2,000 ounces of production planned for Q2 18. Development activities continued as planed at the SGW UG mine and the Company resumed full underground production by the end of November.
Q2 18 production was 7,052 oz of gold, compared to 6,852 oz in Q2 17. As a result of the Companys focus on profitability and not purely ounces produced, the Company is targeting the lower end of its production guidance at San Gregorio for FY18, being 30,000 ounces of gold.
Average cash operating cost was $867/oz, compared to $914/oz Q2 17. The Company expects to achieve its annual guidance for cash operating cost of US$800 - US$900 per ounce.
The Uruguayan government continues to demonstrate its support for the Company with an exemption granted on royalty payments (equal to 3% of sales) for the period April 2017 to March 2018. This is forecast to total approximately US$1.0 million.
All-In-Sustaining Costs (AISC) were $1,455/oz compared to $1,345/oz in Q2 17, an increase of 8%. The increase was predominantly due to higher development, brownfield exploration and the construction of the fourth phase of the tailings dam.
FINANCIAL HIGHLIGHTS
Operating profit of the San Gregorio operation was $3,423 compared to an operating profit of $2,261 in Q2 17. The improvement mainly due to lower operating costs.
Loss after tax was $251 compared to a profit of $942 in Q2 17. This was mainly due to higher depreciation and the recognition of a provision for staff retrenchments following the Q2 production deferral at SGW UG.
Cash flow from operations before changes in working capital was $2,160 compared to $2,234 in Q2 17.
The Company invested $3,359 in capital expenditures and $1,704 in exploration compared to $3,835 and $609 respectively in Q2 17. The Company significantly increased its investment in exploration and development in Uruguay with the aim of expanding reserves.
The Company's cash balance at November 30, 2017 was $2,064 compared to $3,357 at May 31, 2017. The deferral of approximately 2,000 ounces of planned production for the Quarter from the SGW UG mine caused the Company to draw on the full Santander line of credit in the amount of $1,500 during the Quarter.
The committed line of credit with Banco Santander available as at November 30, 2017 was renewed for another year (until November 30, 2018)

StockMarketWire.com
Orosur Mining said it had intersected gold during a step-out drill program at its APTA deposit in Colombia.

Results included encountering up to 5 grams per tonne of gold at a 23 meter interval.

'I am delighted to report a strong set of step-out drilling results from our high grade APTA project,' chief executive Ignacio Salazar said.

'These results continue intercepting high grade gold mineralization over multiple significant intervals.'

opinion, history to repeat s/ p to go up from 5.53p assay may, good & no hickups
dig look forcast , extremly good for 2019 as long as gold holds @1340 BB
ps. 1p divi forcast for 2019 . ends

StockMarketWire.com
Dual-listed Orosur Mining cut its annual output guidance after ore grades fell at its Uruguayan gold project.

The company reduced its production guidance to 27,000-to-30,000 ounces of gold, down from 30,000 ounces.

It also increased operating cash cost guidance to $900-to-$1,000 per ounce, from $800-to-$900.

Production in the third quarter was 6,859 ounces, down 12% on-year.

StockMarketWire.com
Orosur Mining said it had terminated an option agreement with Chile's national mining company to invest further in the Anillo gold exploration project.

Although there were no penalties involved with the termination, Orosur said it would write down the $5.5m recognized in its statements for the Anillo project in its next financial results.

The project was originally optioned from Nacional del Cobre de Chile in 2010.

A decision not to enter second phase drilling followed a lack of positive exploration results during the fist phase, the company said.

Orosur Mining Inc. Gold Mineralisation Confirmed at Charrascala Target, Colombia
Orosur Mining Inc. (Orosur or the Company) (TSX/AIM: OMI), a South American-focused gold producer, developer and explorer is pleased to announce the final results from the recently completed gold exploration campaign at its high grade Anz project in Colombia. Having confirmed consistent gold mineralisation in the APTA portion of the Anz project in the first 18 holes of the exploration campaign, the final 5 holes of the drill programme were focussed on maiden scout drilling the untested Charrascala target. Drilling detected the presence of strong gold anomalies, with 4 of the 5 holes drilled intersecting gold mineralisation and a priority follow up zone has been identified.

HIGHLIGHTS
Orosur successfully drilled 5 scout diamond drill holes totalling 3,045m at Charrascala, one of the four untested targets of Anz;
The presence of gold in the system has been confirmed within an attractive geological setting for the mineralization to occur;
The presence of strong gold anomalies has been detected at Charrascala along an 800m north-south corridor, including intersects of 3.43 g/t Au and 30.60 g/t Ag over 1.5m and 2.62 g/t Au and 14.30 g/t Ag over 0.90m;
Arsenic has been validated as a good gold pathfinder at Charrascala;
Current drilling has identified an important exploration target in the south of Charrascala; which will be the priority for follow up drilling;
Next exploration stages will be focused on continuing the broader exploration of the Anz project and more detailed follow up and definition work at APTA.

Ignacio Salazar, CEO of Orosur, said:
"We are very encouraged with the recently completed exploration campaign at APTA and Charrascala in Colombia. Drill results at APTA have extended the mineralized area at depth and along strike, while still remaining open. APTA represents only 10% of the land base of the Anz project, which covers over 200km. Additionally, in the last phase of this exploration campaign, the Company successfully tested the Charrascala target, discovering the presence of gold anomalies along an 800m north-south corridor, including an intersect of 3.43 g/t Au and 30.60 g/t Ag over 1.5m, as well as identifying a specific target for future drilling. The Companys future in Colombia is looking to be off to a promising start."

StockMarketWire.com
Orosur Mining said it had completed a private placement to raise $2m with Newmont Mining Corporation and signed an exploration agreement with the US gold giant's Colombian subsidiary for the Anza exploration property.

The Anza project was located in Antioquia and comprised total land holdings of 207.5 square kilometers.

The exploration agreement included a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the project by spending a minimum of $30.0m in qualifying expenditures over twelve years.

Newmont would complete a feasibility study and make cash payments to Orosur equaling a total of $4.0 million over the mine's first and second phases.

In the first phase, Newmont could earn a 51% ownership interest by spending $10.0m in expenditures over four years and making cash payments to Orosur of $2.0m during the first two years.

Upon Newmont's completion of that phase, it may elect, in its sole discretion, to exercise its option to form a joint venture with Orosur.

In the second phase, Newmont could elect to earn an additional 14% ownership interest by sole-funding $20.0m in expenditures within four years, completing the pre-feasibility study and making cash payments to Orosur of US$2.0m.

In the third phase, Newmont could elect to earn an additional 10% ownership interest in the project by completing a feasibility study within four years.

In the share placement, Newmont purchased around 29.2m shares at a price of C$0.091 (GBP 0.054) per share, for aggregate proceeds of $2.0m.

omi has a future now, 18pence a small gain for me, time 2020 year maybe a sell
or a bid for omi. BB

have sold, small amount of gold coming out of ground, no revenue, result of exploration in columbia, 2020 more money to finance this. no take over till
2020 if any. share is a dog. at this stage. BB