Shares

Orosur Mining share price gains as its all systems go for Anza

The share price of Orosur Mining (LON: OMI) climbed over 15 percent this morning as it confirmed its all systems go for its Anza project – backed by two of the world’s biggest gold miners in Newmont and Agnico.

Today’s update noted it has received $650,000 as a first payment to help fund the 12 month exploration project as it confirmed that its plans are now being formally implemented following COVID-19 restrictions.

It added that active exploration is still subject to potential restrictions, but hopes that geophysical surveys and drilling should be ready to go from early November 2020.

Commenting on the progress against the difficult backdrop was CEO Brad George:

“Clearly the Covid-19 pandemic is presenting challenges to remote exploration that were not expected at the start of the year.  However, the operating protocols that we have established are allowing our diligent and professional staff to plan and implement as near to a full exploration program as could be achieved under these trying circumstances.”

The share price of OMI is currently at 19p.

Let's Talk

ODX - guess on how much revenue c …I guess we'll find out more later this month as they are upda … Read More
ISA or share dealing accountJust start with an ISA. If you get past £10k in trading then rethi … Read More
Can you speak to ZOE management n …Hopefuly you are taking more requests Surface Transforms  Read More
People who trash AIM...Amen. There's some people who think they are really smart, bu … Read More
Christmas is saved? Boris Johnson … The government is reportedly planning to conduct 3 million COVID- … Read More
Hey, profit awaits! Free Sharebuyers Newsletter

Receive the hottest share tips and must-know investing information you can profit from.