Orosur Full Year & Q4 Operational UpdateOrosur Full Year & Q4 Operational Update
SANTIAGO, Chile, June 15, 2015. Orosur Mining Inc. (“Orosur” or the “Company”) (TSX: OMI) (AIM: OMI), a South American-focused gold producer, developer and explorer, is pleased to announce strong operating results for its fourth quarter (“Q4”) and for the fiscal year ending 31 May 2015 (“FY15”).
Highlights
FY15 production of 53,485 oz in line with guidance (50,000 - 55,000 oz)
FY15 operating cash costs of US$912/oz in line with guidance (US$850 - US$950/oz)
Q4 production of 13,187 oz and operating cash costs of US$848/oz
FY16 Guidance of 50,000 – 55,000 oz production and US$850 – US$950/oz operating cash cost
Internal mine design, engineering and budget work has been completed for San Gregorio West underground Project (“SG Deeps”)
SG Deeps has received approval from the Board of Directors to proceed to development and construction, with funding expected to be provided through a mixture of internally generated cash flow and non-dilutive capital
https://www.orosur.ca/files/2015-06-15-FY15-Q4-Operating-Update-PR-FINAL.pdf