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An update from Orosur Mining ( (TSE:OMI) ) is now available.
Orosur Mining Inc. announced its unaudited results for the second quarter of 2024, highlighting several operational developments. The company completed the acquisition of Minera Monte Aguila in Colombia, gaining full ownership of the Anzá Gold Project and initiating a drilling program with promising results. In Argentina, Orosur received approval for drilling permits, while in Nigeria, progress on a lithium project is slowed due to market conditions. Financially, Orosur reported a cash balance of $945,000 as of November 30, 2024, with a subsequent increase to $2,200,000 by the announcement date. The company also raised £835,000 in a share placing to support its operations.
More about Orosur Mining
Orosur Mining Inc. is a minerals developer and explorer with operations in Colombia, Argentina, and Nigeria, focusing on gold and lithium projects. The company is listed on the TSX-V and AIM markets, and its flagship project is the Anzá Gold Project in Colombia.
YTD Price Performance: -6.67%
Average Trading Volume: 2,426,056
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £16.73M
Find detailed analytics on OMI stock on TipRanks’ Stock Analysis page.
