Orosur Mining Orosur Mining Inc: Q2 Operations Update
November 22 2017 - 2:00AM
UK Regulatory
TIDMOMI
Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM:OMI) a
South American-focused gold producer, developer and explorer
announces a second quarter ("Q2") operations update on production
from its San Gregorio mine complex in Uruguay.
The Company expects a deferral of approximately 2,000 ounces
from Q2 production at the San Gregorio mine complex due to the
extended downtime of two long hole drill rigs used in stope
production at the San Gregorio Underground West mine ("SGW UG").
Work is well underway to repair the machinery and it is anticipated
that the affected drill rigs will return to full productivity by
the end of November and the Company has already resumed underground
production. During Q2, development continued as planned at SGW UG
and mill feed is being partially supplemented by open pit ore and
low grade stockpiles causing lower head grades than planned.
Orosur will provide a detailed update on Q2 production in the
Quarterly Results Report.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX:OMI; AIM:OMI) is a fully integrated gold
producer, developer and explorer focused on identifying and
advancing gold projects in South America. 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 Colombia.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain. If you
have any queries on this, then please contact Ignacio Salazar,
Chief Executive Officer of the Company (responsible for arranging
release of this announcement) on: +1 (778) 373-0100.
Forward Looking Statements
All statements, other than statements of historical fact,
contained or incorporated by reference in this news release,
including any information as to the future financial or operating
performance of the Company, constitute "forward-looking statements"
within the meaning of certain securities laws, including the "safe
harbour" provisions of the Securities Act (Ontario) and the United
States Private Securities Litigation Reform Act of 1995 and are
based on expectations estimates and projections as of the date of
this news release. There can be no assurance that such statements
will prove to be accurate. Such statements are subject to
significant risks and uncertainties, and actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements include, without limitation
success of exploration activities; permitting time lines; the
failure of plant; equipment or processes to operate as anticipated;
accidents; labour disputes; requirements for additional capital
title disputes or claims and limitations on insurance coverage. The
Company disclaims any intention or obligation to update or revise
any forward looking statements whether as a result of new
information, future events and such forward-looking statements,
except to the extent required by applicable law.
Orosur Mining IncIgnacio Salazar, Chief Executive
Officerinfo@orosur.caTel: +1 (778) 373-0100orCantor Fitzgerald
Europe - Nomad & Joint BrokerDavid Porter/Keith DowsingTel: +44
(0) 20 7894 7000orNumis Securities Limited - Joint BrokerJohn Prior
/ James Black / Paul GillamTel: +44 (0) 20 7260 1000orFTI
ConsultingBen Brewerton / Sara Powell / Emerson ClarkeTel: +44 (0)
20 3727 1000
View source version on businesswire.com:
http://www.businesswire.com/news/home/20171121006208/en/
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(END) Dow Jones Newswires
November 22, 2017 02:00 ET (07:00 GMT)
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