FY16 provides confidence to boost production
In a gold market providing little support over FY16, Orosur successfully returned its operations to gross profitability by undertaking a comprehensive strategic review of costs, as well as adeptly handling a number of ore streams delivered to its processing plant. With operational confidence continually building, demonstrated by a second underground mine project in development (San Gregorio West), and aided by a higher gold price, Orosur has increased production guidance for FY17. The new guidance of 35-40koz Au (FY16: 30-35koz) at cash operating costs of US$800-900/oz represents an improvement over FY16 guidance of 14% on production and 6% on costs.Orosur Mining is a gold producer and exploration company focused on identifying and developing mineral opportunities either directly of through joint ventures.
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