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Additional Information
Market: AIM / TSX-V
Sector: General Mining - Gold
EPIC: OMI
Latest Price: 53.50p  (-3.60% Descending)
52-week High: 87.00p
52-week Low: 44.00p
Market Cap: 41.72M
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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 CFO Ignacio Salazar ups shareholding

9th Sep 2010, 4:38 pm So far September has been a strong month for Orosur

Orosur Mining’s (LON:OMI, TSX-V:OMI) chief financial officer Ignacio Salazar has bought 50,000 shares in the company for C$0.395 each.

Salazar now has an interest in 80,000 shares, which represents 0.12% of the company.

So far September has been a strong month for Orosur, with the company achieving significant development milestones.

Last week, the company revealed its feasibility study for its Arenal Deeps gold-silver project in Uruguay, which supported a six year mine life with an IRR (internal rate of return) of 32.3%.

The price assumption for the study was US$1,000/oz, which is 20% less than the current spot price of US$1,250/oz.

Total cash costs have been estimated at US$545/oz, while total life of mine capital and operating costs were put at US$24.7 million and US$73.4 million respectively. Net present value (NPV) with a 7% discount amounted to US$16.4 million.

Payable gold has been estimated at 135,000 oz.

“This feasibility study for Arenal Deeps is an important step for the company in our objective to extend the San Gregorio mine life in Uruguay while maintaining production levels at approximately 50-60,000 ounces of gold per annum," said chief executive David Fowler.

“The initial investment in capital and skills will also allow additional underground reserves to be targeted at San Gregorio to further extend mine life.”

Previously, on 1 September, Orosur reported a 1.04 million ounce (Moz) maiden NI43-101 gold resource for the Pantanillo Norte deposit in Chile.

In the Measured and Indicated category, Pantanillo Norte has 1,049,071 ounces, with 47,093,000 tonnes grading 0.69 grams per tonne (g/t). There is also 5,166 ounces in the Inferred category, with 304,000 tonnes at 0.53g/t gold.

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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