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Additional Information
Market: AIM / TSX-V
Sector: General Mining - Gold
EPIC: OMI
Latest Price: 57.75p  (0.43% Ascending)
52-week High: 87.00p
52-week Low: 44.00p
Market Cap: 45.03M
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Orosur Mining
www.orosur.ca

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.

Full Orosur Mining profile here
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Orosur Mining hires Luis Tondo as new COO

31st Aug 2010, 8:02 am Orosur Mining hires Luis Tondo as new COO

Orosur Mining (LON:OMI, TSX-V:OMI) has appointed a new Chief Operating Officer -  Luis Albano Tondo - who will join the company on the 1st September 2010.

“Mr Tondo's experience in project development and operations will be an important asset in progressing our growth objectives at Pantanillo and generally in South America,” said Chief Executive David Fowler.

The company highlighted that Tondo is an experienced project manager, with 25 years under his belt in Chile and Brazil. Recently, as Kinross Gold’s (NYSE:KGC) Project Director, Tondo oversaw the development of two key assets, the Lobo Marte & Maricunga Mine.

Both Lobo Marte & Maricunga are located near Orosur's Pantanillo project, on the Maricunga gold Belt in Chile.

Tondo was responsible for the a scoping and prefeasibility study at Lobo Marte project, as well as a scoping study into the expansion of the Maricunga Mine.

Before that, as a project manager, Tondo was responsible for a mine expansion project in Brazil, where his team more than doubled the Paracatu mine’s gold production rate from 180,000 - 500,000oz per annum.

Orosur has made strong progress over recent months, with a sing into profitability and key project development milestones on the horizon.

At Pantanillo, an initial drill programme, complete with a NI43-101 resource calculation, is due to be completed shortly. Meanwhile scoping studies are also underway on the project, with completion slated for 2011.

Earlier this month, Orosur’s full-year results revealed a dramatic swing into profit, with the company banking US$1.4m compared with a US$14.3m loss in 2009.

Orosur processed 1.5m tonnes during the year at 1.22 g/t with recovery averaging 93.4%, for 56,050oz of gold. The average realized gold price was up at US$1,065 per ounce, from US$841 in the previous year.

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