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

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