Update: Starting FY15 on the right footing
In Q115 Orosur produced 13,684oz gold at cash operating costs of US$945/oz (vs our estimate of 13.2koz gold at US$943/oz). As expected, costs were higher than Q414 (US$755/oz) due to the ramp-up of thehigher-grade Arenal Deeps project, which is set to produce the majority of Orosur’s FY15 gold production. These Q115 results support our FY15 forecasts of 53koz of gold production at cash costs of US$920/oz.
Orosur Mining is a gold producer and exploration company focused on identifying and developing mineral opportunities either directly of through joint ventures.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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