Orosur Mining Inc.: Gold Production for 2010 Financial Year
Orosur Mining Inc.: Gold Production for 2010 Financial Year
Orosur Mining Inc.
Orosur Mining Inc. (“OMI” or the “Company”) (TSX VENTURE: OMI) (LSE: OMI) today announces that it has produced 56,050 ounces of gold for the financial year to May 31, 2010. Ore processed for the year was 1,530,477 tonnes at a gold grade of 1.22 g/t with recovery averaging 93.4%.
The production is in line with the Company’s revised production forecast provided in January 2010 of between 55,000 and 57,500 ounces of gold for the year.
The Company’s forecast production for the 2011 financial year is 55,000 ounces of gold.
Forward Looking Statements
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of the Company, constitute “forward-looking statements” within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario) and the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release. There can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements include, without limitation success of exploration activities; permitting time lines; the failure of plant; equipment or processes to operate as anticipated; accidents; labour disputes; requirements for additional capital title disputes or claims and limitations on insurance coverage. The Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.
ENDS
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Orosur Mining Inc.
Orosur Mining Inc. is a fully integrated gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay and Chile. The Company is quoted in Canada (TSX-Venture Exchange: OMI) and London (AIM: OMI).
| For further information: |
|
Orosur Mining Inc |
| David Fowler, CEO |
| Ignacio Salazar, CFO, + 598 2 6016354 |
| or |
|
Matrix Corporate Capital LLP (Nominated Adviser & Broker) |
| Louis Castro, +44 (0) 203 206 7209 |
| Tim Graham, +44 (0) 203 206 7206 |
| or |
|
In North America |
| Forbes West, 416-203-2200 |
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