Orosur Mining owns (100%) the San Gregorio gold mine in Uruguay (on care and maintenance) and controls the highly prospective, high-grade Anzá gold property in Colombia, which is now subject to an exploration and option agreement with Newmont Mining.
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Orosur (OMI) has secured US$2m (at a 229% pre-deal premium to its share price) via a private placement with Newmont Mining (NEM) in relation to its Anzá project in Colombia. This alleviates OMI’s near-term corporate cash requirements and provides it with a funded route for Anzá through to production. Considering the beleaguered state of OMI before this with production at its Uruguay assets on care and maintenance, this initial financing from one of the world’s pre-eminent gold miners offers a realistic development route to realising Anzá ’s potential value.
Y/E May |
Revenue (US$m) |
EBITDA (US$m) |
PBT (US$m) |
EPS (fd) (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2017A | 44.2 | 9.4 | 2.1 | 2.6 | 3.0 | 0.6 |
| 2018A | 37.1 | 6.7 | (2.4) | (26.4) | N/A | 1.1 |
| 2019E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2020E | N/A | N/A | N/A | N/A | N/A | N/A |
Content on Orosur Mining
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Metals & mining
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Share price graph
Balance sheet |
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| Forecast net debt (US$m) | N/A |
| Forecast gearing ratio (%) | N/A |
Price performance
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Key management |
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| Ignacio Salazar | CEO |
| Ryan Cohen | IR |