Orosur Mining dives after warning on profits and job losses

Orosur Mining shares plunged by almost a third on Monday after the South American focused gold producer and explorer warned that for the 2013/14 financial year both production levels and revenue will be lower as a result of a reduced gold price and the deferral of production at the San Gregorio Deeps.

Orosur Mining shares plunged by almost a third on Monday after the South American focused gold producer and explorer warned that for the 2013/14 financial year both production levels and revenue will be lower as a result of a reduced gold price and the deferral of production at the San Gregorio Deeps.

It also said the cost-cutting would result in a 'significant reduction' to the company's workforce.

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