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Orosur Mining shifts focus to Colombia as it cuts losses
StockMarketWire.com
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Alternative Investment Market-listed Orosur Mining posted income of $460,000 in the 12 months to 31 May 2020.
In its annual financial results, the company reported a significant improvement year-on-year, with the $460,000 income comparing to a $12.2 million loss the previous year.
Orosur was boosted by income from a site in Colombia, bringing the company's cash balance to $782,000 - up from $526,000 a year earlier.
The company said it was continuing to enact a strategic plan to restructure, recapitalize and transform its business though expanding its Anza Project in Colombia and exiting its operations in Uruguay.
At 10:00am: (LON:OMI) Orosur Mining Inc share price was +2.55p at 28.15p
Story provided by StockMarketWire.com
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