EDISON EQUITY RESEARCH - OROSUR MINING

EDISON EQUITY RESEARCH: 

OROSUR MINING - PRODUCTION ON TRACK, COST REDUCTIONS ONGOING

 Orosur’s Q315 operational update underlines the company’s ability to stick to plan at its main San Gregorio gold mine. Although numerous deposits are mined concurrently, requiring disciplined mine planning and ore blending, operating results out of San Gregorio over the course of FY15 have been reassuringly consistent amidst a challenging gold price environment. As Orosur moves into its final quarter, we expect it to meet its FY15 production (50-55koz) and operating cost (US$850-950/oz) targets.

 Orosur Mining owns (100%) and operates its San Gregorio gold mine in Uruguay. It also explores for gold close to San Gregorio and further afield in Chile, where it owns 100% of the advanced-stage heap leach project Pantanillo Norte and the Anillo gold property. It also owns 100% of the newly acquired and highly prospective high-grade Anzá gold property in Colombia.

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