Orosur Mining Inc

Orosur Mining is a gold producer and exploration company focused on identifying and developing mineral opportunities either directly of through joint ventures.
  • TickerOMI.
  • ISINCA6871961059
  • ExchangeToronto Stock Exchange
  • SectorMining
  • CountryCanada

Analysts

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

ValuEngine Toronto Quantitative Stock Report for OMI

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Orosur Mining - A transformational deal with Newmont

Orosur (OMI) has secured US$2m (at a 229% pre-deal premium to its share price) via a private placement with Newmont Mining (NEM) in relation to its Anzá project in Colombia. This alleviates OMI’s near-term corporate cash requirements and provides it with a funded route for Anzá through to production. Considering the beleaguered state of OMI before this with production at its Uruguay assets on care and maintenance, this initial financing from one of the world’s pre-eminent gold miners offers a realistic development route to realising Anzá ’s potential value.

Orosur Mining - San Gregorio stabilises as Colombia takes off

Orosur’s H118 results indicate San Gregorio (SG) continues to perform well, albeit with a small deferral of 2koz of gold production to narrow FY18 guidance from 30-34koz to c 30koz. Orosur’s focus remains on the most profitable mining possible rather than extracting its reserves ad hoc. SG’s geological data are being thoroughly examined such that additional production opportunities are identified. The process has already yielded SG UG West (a current mainstay of production), with SG Central located adjacent and being developed to provide production during H218. Veta A is another old pit reopen...

- A new dawn cometh

As Orosur Mining (OMI) continues to extend San Gregorio’s mine life (a raft of new exploration programmes seek to extend reserves by more than 100koz), the company recently sought additional funds to advance exploration at its very promising Anzá gold and base metals project in the highly prospective middle-caucus region of Colombia. With initial drilling to recommence shortly, historical exploration results highlight the area’s potential. We believe Anzá has the potential to provide a long overdue re-rating of this highly competent gold producer.

Production stable, exploration ramp up over H2

Following a successful completion to mining at Arenal Deeps, Orosur has now transitioned most of its production to SGW UG. With ore mining now ramping up at SGW, we expect Orosur to meet its guidance mid-range at 37.5koz for FY17 at cash costs of between US$800/oz and US$900/oz. We also take a first-pass indicative value on its Anzá project, which we consider could grow materially and change the investment case for Orosur. Even on the basis of its announced exploration ‘target’ Anza could potentially add a third to OMI’s market capitalisation.