UK 09:01 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Investors may be sceptical, but Ignacio Salazar, chief executive officer of South American gold producer Orosur Mining (OMI), insists his beefed-up company has restructured its flagship San Gegorio operation in Uruguay and will soon be showing worthwhile improvements in production, grades, costs and exploration. After seeing output at San Gregorio in North-East Uruguay’s Rivera State slide in the year to last May from nearly 65,000 oz. at a low grade of 1.42 grammes of gold per tonne of ore to 60,271 oz. at 2.16 grammes a tonne and with a further drop to nearly 55,000 oz. expected for the current year, Chile-based Orosur suggests prospects for 2015-16 are distinctly brighter.
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Comments
wildrides
With Gold heading towards the 1100 level at a rate of knots I think I will pass thanks . Funny how all the gold “Price Floor” experts got it wrong again , just for a change . Just goes to show Van – Goddess that she can wheel out these experts from Pala what sit , but they just cant call it right . Time after time gold makes experts look ……err ……wrong . Sorry Van – Goddess …..I am off to write my 10,000 lines now “ Thou shall not worship false idols , especially the black treacly stuff”