South American-focused gold producer Orosur Mining has completed the development a ramp and lateral waste development to enable production at one of its projects.
The company reported that ore development was underway and stoping was planned to commence in the Arenal Deeps area by the end of February.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Fowler: 'milestone' achievedDavid Fowler, Chief Executive Officer of Orosur Mining, commented: "I am very pleased to have achieved this important milestone which is a credit to San Gregorio management and employees who have developed the first underground mine in Uruguay over the past two years.
"This achievement has also importantly been achieved during this fiscal year as San Gregorio has transitioned from contractor development to owner operated development to reduce costs."
MF
-
Can Nvidia’s results defy the doubters?Nvidia stock wobbled last week ahead of an earnings release that carries the weight of expectation of the entire AI industry. Will Nvidia’s results see the stock gain further?
-
UK regions where property tax proposal could hit homeowners hardestChancellor Rachel Reeves is rumoured to be considering stamp duty reform and a mansion tax on high-end homes but homeowners are being urged not to panic yet
