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Orosur Mining ( (TSE:OMI) ) has shared an update.
Orosur Mining Inc. announced that Newmont Mining Corporation has sold its 9.4% stake in the company to several institutional long-term investors at a price of C$0.19 per share. This divestment is part of Newmont’s strategy of non-core disposals. Despite Newmont’s departure, Orosur’s Executive Chairman, Louis Castro, expressed optimism, welcoming the new investors and highlighting the company’s potential for growth.
More about Orosur Mining
Orosur Mining Inc. is a minerals explorer and developer operating in Colombia, Argentina, and Nigeria.
For detailed information about OMI stock, go to TipRanks’ Stock Analysis page.