Shares in Orosur Mining (LON: OMI) continued their surge, adding another 11 percent after it promised an exciting 2021.
As part of its full year 2020 results for the fiscal year ending 31 May 2020, OMI painted a picture of improvement – restructuring its business and to essentially transform the company by focusing firmly on its Anza project.
The Anza project in in Columbia is a gold exploration project which has the support of two of the world’s biggest gold miners in Newmont and Agnico.
Commenting on the update and progress made was CEO Brad George:
“This year just ended has been one of transition for Orosur. San Gregorio had been the backbone for the company for many years, producing some 1.5Moz of gold during its life. 2020 however marks a new chapter where we shift focus to Colombia and the Anzá project, with our partners Newmont and Agnico. COVID-19 has clearly presented challenges, but with careful planning and operation, we hope to be active toward the end of calendar 2020, setting the foundation for an exciting 2021.”
The share price of OMI is currently at 29p following a relentless surge in the past few weeks.