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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 delays strategic reviewSeptember 10 2012, 8:40am
The gold producer and explorer had initially planned to announce the results of its strategic review into its dividend policy and how best to use cash flow to maximise returns to shareholders in the first half of September.
The delay will give the newly constituted board time to meet and discuss the strategy on site, Orosur said.
The statement, expected for release on 15 October, will set out the company’s expectations for production and cash flow to come out of the San Gregorio operation in Uruguay.
It will also include a dividend policy, a revised exploration and development strategy for extending the mine life at San Gregorio and will outline plans for its Chilean projects at Pantanillo, Anillo and Talca.
Shares opened 0.5 pence higher at 46.5 pence.