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Orosur Mining on target to meet full year guidance, as drill rigs start to turn in Colombia

Orosur Mining has initiated a 15,000 metre drill campaign in Colombia
Orosur Mining on target to meet full year guidance, as drill rigs start to turn in Colombia
Gold production is well on track to meet full year projections

Orosur Mining Inc (LON:OMI) has commenced resource definition drilling in Colombia, following the completion of a US$3.2 mln financing in August.

Around 15,000 metres will be drilled.

Separately, Orosur produced 8,626 ounces of gold from its San Gregorio mine in Uruguay at cash operating costs of US$901 per ounce.

Costs were broadly within the guided range, while the overall production number puts the company well within shouting distance of its full year guidance of between 30,000 and 35,000 ounces of gold.

Ignacio Salazar, chief executive of Orosur, spoke of “the 20th consecutive quarter of meeting internal production and cash operating cost guidance.” 

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