Orosur Mining Inc (OMI)

 

Orosur Mining cuts output guidance on lower ore grades

Dual-listed Orosur Mining cut its annual output guidance after ore grades fell at its Uruguayan gold project.

The company reduced its production guidance to 27,000-to-30,000 ounces of gold, down from 30,000 ounces.

It also increased operating cash cost guidance to $900-to-$1,000 per ounce, from $800-to-$900.

Production in the third quarter was 6,859 ounces, down 12% on-year.

At 2:38pm: (LON:OMI) Orosur Mining Inc share price was -0.75p at 5.63p

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