Orosur Mining Inc. is pleased to announce the results for the third quarter ended February 29, 2020 as well as the appointment of Louis Castro, aged 61, as Chairman and Non-Executive Director of the Company to replace Robert Schafer, who has retired from the Company's board. HIGHLIGHTS In accordance with the Exploration Agreement with Venture Option over the Anzá project in Colombia with Newmont Colombia S.A.S. , Newmont [...]
Orosur Mining Inc. is pleased to announce that it has received a cash payment of US$500,000 from Newmont Colombia, in connection with maintaining its earn-in rights pursuant to the Exploration Agreement with Venture Option over the Anzá project in Colombia. As previously announced on September 10, 2018, the Exploration Agreement comprises a three-phase earn-in structure, allowing Newmont to earn up to a 75 [...]
Orosur Mining Inc. announces the results for the second quarter ended November 30, 2019. HIGHLIGHTS In accordance with the Exploration Agreement with Venture Option, Newmont Colombia made a further cash payment of US$690k to Minera Anzá in November 2019 to cover its outstanding commitments and to maintain its Phase 1 earn-in rights. In Uruguay, as announced on September 17, 2019, the Court approved the payment plan [...]
Orosur Mining Inc. announces that at the Company’s Annual General Meeting held at 4:00 p.m. GMT today, all resolutions put to shareholders were duly passed. AGM Voting Results At the AGM, a total 44,931,457 common shares of the 150,277,672 shares outstanding as at October 25, 2019 record date the were voted at the meeting, representing approximately 29.90% of the issued and outstanding common shares of the Company [...]
Orosur Mining Inc. announces the granting of an aggregate of 1,460,000 stock options to directors, officers and employees, upon recommendation of the Company’s Remuneration Committee. ANNUAL STOCK OPTION GRANT Officers and employees were granted a total of 1,245,000 Options and the balance equivalent to 215,000 Options were granted to Directors pursuant to the annual grant, which shall vest in three equal parts: the [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer announces that it has entered into a non-binding letter of intent to sell its mining and exploration permits in Uruguay to IMC International Mining Corp for a US$1 million cash consideration. The Company has entered into a non-binding letter of intent to sell its mining and exploration permits in the San Gregorio area of Uruguay to IMC for a cash [...]
Orosur Mining Inc. announces the receipt of US$690,000 from Newmont Colombia, in connection with maintaining its earn-in rights pursuant to the Exploration Agreement with Venture Option over the Anzá project in Colombia . During the first year of the Exploration Agreement, which concluded on September 7th 2019, Newmont funded exploration costs totalling US$310,000 to Minera Anzá. In accordance with the [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer announces that copies of the Notice of Annual General Meeting have been sent to shareholders and a copy is also available from the Company’s website. The AGM will be held on November 27, 2019 at 4:00 p.m. GMT at the Offices of SP Angel Corporate Finance LLP, Prince Frederick House, 35-39 Maddox Street, London, W1S 2PP. The Company asks that [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer announces its unaudited results for the first quarter ended August 31, 2019 . HIGHLIGHTS In August 2019, Orosur received the second of four half-yearly US$500k cash payments from Newmont Goldcorp as part of the previously announced Exploration Agreement with Venture Option for the Anzá project in Colombia . Newmont has paid US$310k of the [...]
Orosur Mining Inc. announces that the Court in Uruguay has approved the payment plan agreement between the Company’s wholly owned subsidiary, Loryser SA and Loryser’s creditors . As previously announced, Loryser applied for a reorganization process in June 2018. In December 2018, Loryser proposed the Agreement to which 71.48% of its creditors consented. The public notice period has concluded, without [...]
Orosur Mining Inc. announces the results for the fiscal year ended May 31, 2019 . All dollar figures are stated in US$ unless otherwise noted. HIGHLIGHTS Colombia As announced on September 10, 2018 the Company completed the following agreements with Newmont Goldcorp in respect of the Anzá exploration property in Colombia: a non-brokered private placement of $2 million, and an exploration agreement with venture [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer is pleased to announce the start of exploration activities with Newmont at the Anzá project in Colombia and provide an update on the Uruguayan reorganisation process. Start of Exploration Activities in Colombia Exploration activities at the Anzá project have been initiated within the scope of the Exploration Agreement with Venture [...]
