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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...Read more
Orosur Mining shares move to main Toronto Stock ExchangeMay 14 2012, 7:33am
The firm's shares are being delisted from the Toronto venture exchange, on which the company has been listed since 2000.
The gold producer and explorer said that the shares will be traded under the symbol OMI.
Its shares have been trading on London's AIM market since 2004.
Last month, Orosur revealed it had increased sales in its third quarter to US$26 million from US$21.6 mln in the comparative period.
It produced 13,668 ounces of gold in the three months to February 29 this year - compared to 16,573 for 2011.
During the quarter, 406,219 tonnes of ore were processed at a grade of 1.12 g/t gold and a recovery of 93.3 per cent, said the company.
The average gold price for the quarter increased to US$ 1,691 per ounce from US$ 1,368 in Q3 of the previous year, while the average cash operating cost was US$1,104 per ounce (US$483 per ounce).
Net income in the three months decreased to US$ 5 million compared to a profit of US$ 6.3 million in the corresponding period.