Orosur Mining said its Arenal Deeps gold project in Uruguay has the green light for production after it received the mining permits on March 1.
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Orosur Mining Inc. is a gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay,Chile and Argentina.
06/03/12
Orosur Mining said its Arenal Deeps gold project in Uruguay has the green light for production after it received the mining permits on March 1.
12/01/12
The capital and operating costs of Orosur Mining’s Pantanillo Norte project in Chile will be in the order of US$178 million, according to a Preliminary Economic Assessment of the planned gold mine. Prepared by AMEC E&C Services, the study ascribes a net present value of US$32.2 million to the development and an internal rate of return of 17 per cent at an 8 per cent discount rate.
22/11/11
In the coming weeks the Arenal Deeps underground mine expansion is expected to come on line, bringing with it higher grades and lower costs. Meanwhile Chilean projects, Talca and Pantantillo, also provide plenty of potential for future growth.
12/10/10
The South America focused gold miner has moved decisively into profit during the first quarter of the financial year, and costs are expected to tumble significantly once the Arenal Deeps project near the San Gregorio open pit in Uruguay comes into production.
05/10/10
The junior gold miner hit a new 12-month high on London’s AIM market today. The stock has now doubled in value since the start of September. Orosur has been transformed over the past year, and these latest drill results provide further evidence of its expansion in South America.
01/10/10
Orusur Mining's Uruguay gold production is the cash machine to finance development of the Arenal Deeps and Pantanillo projects. Even after the spectacular performance of late, the stock is trading below the level it was a year ago – yet the company’s prospects have changed beyond recognition.
30/04/10
Engineer AMEC has begun work on a feasibility study that should be complete by the end of September at the latest. Fowler confirms that ‘development of this resource is expected to progressively reduce cash costs and extend mine life’.