Update: FY14 net cash increased by US$9m
Orosur’s FY14 results showed a considerable strengthening of its cash position and beat its targets for production and costs. Its effective exploration spend has also meant continued growth of San Gregorio’s resource base, extending its mine life, and its tight cost control allows for both continued exploration in Uruguay and investment in its newly acquired Colombian assets. In a depressed gold price environment Orosur managed to increase its net cash position by c US$9m during FY14 (roughly half its current market cap of US$22m).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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