Small caps round-up: Orosur, Alumasc, Theo Fennell, Providence, Energi Oil

Orosur Mining said it expects production for 2012 to be on target at 57,500 to 60,000 ounces despite a delay in receiving permits to commence production from Arenal Deeps. The firm produced 11,916 ounces of gold in the three months to November 30, slightly down compared to the same time last year of 12,576 ounces. Revenues for the quarter were 20.99m and net income stood at $2.57m.

Orosur Mining said it expects production for 2012 to be on target at 57,500 to 60,000 ounces despite a delay in receiving permits to commence production from Arenal Deeps. The firm produced 11,916 ounces of gold in the three months to November 30, slightly down compared to the same time last year of 12,576 ounces. Revenues for the quarter were 20.99m and net income stood at $2.57m.

Building and engineering firm Alumasc was falling lower after reporting that half-year underlying profit before tax for the half year ended 30 June 2012 will fall significantly short of the £2.1m reported a year ago. This is due to both the continued pressure on margins in the Building Products division and the significant one-off costs of meeting the higher than expected growth in customer demand at Alumasc Precision. Group revenues of around £54m for the half year are some 9% ahead of the equivalent period last year.

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