Broker slaps big price upgrade on Orosur Mining
At current exchange rates the sterling target price rises by 36% to 44p
Company
LON:OMI
Orosur Mining Inc. is a South American-focused gold producer, developer and explorer. Our mission is to create shareholder value by identifying exploration opportunities in South America and turning them into successful gold production.
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At current exchange rates the sterling target price rises by 36% to 44p
Mine development and exploration were the key themes of this week's highlight news in
Exploration potential is 1.6mln - 2.3mln tonnes averaging between 3.2 - 3.7g/t of gold per tonne.
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Hurricane Energy kicks off the Halifax well; MySQUAR user base smashes through the 7.5mln mark; Orosur Mining sees big uptick in profits and cash inflow; plus more…
The most significant share price rises and falls in London at 4.15pm
For the half year, net profits came in at US$3.7mln from a US$2.6mln deficit the last time
Investments and investor services
FTSE 100 index closed down 0.2% at 7,327 on Monday, as the 14-session record high winning streak crashed after shares in banks and oil companies slipped
Cash operating costs in its first quarter to August were below US$700/oz
Pearson was hammered by investors, analysts and pretty much anybody on Monday after sales failed to pick up in the third quarter
Largest share price rises and falls in London at 4.00pm
Drilling has highlighted a number of new areas with gold potential
Photo-Me is buying the photo division of supermarket giant Asda, ITM Power has signed a fuel supply contract with Commercial Group and Metal Tiger
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Weekly round up of the mining headlines from the world of Proactive.
The metal has been up-and-down all week as speculation surrounding a rise in interest rates just won’t go away
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The online food order and delivery service received a boost from the bank, while elsewhere insurance firms were in the spotlight
Far Petroleum has kicked off drilling in the Norwegian North Sea, Motif Bio's flagship antibiotic has reached the final stage of development and Orosur ups its guidance.
Cantor Fitzgerald suggested that despite the share price more than doubling in the last 12 months, the shares are still cheap
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Below are some of the main news-driven share price changes at 4.15pm
Cantor sees the gold price at US$1,350 per ounce this year
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Major share price risers and fallers in London at 4.00pm
Broker Cantor has lifted its price target on South America-focused gold miner Orosur Mining Inc, due in part to rising precious metal prices.
Major share price risers and fallers in London at 4.00pm
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UK shares went higher on Thursday, but small caps were making slightly better ground than Footsie.
Overall operations were healthy with US$7mln of cash generated in the first half.
Costs are coming down and the company is back in profit
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FTSE100 finished Friday 114 points lower with miners taking a pummelling and US markets on the slide again.
The FTSE100 was around 1.5% lower, or 86 points, at 5,831 by lunch, with miners at the bottom of the index.
Today's main share price risers and fallers at 4.15pm
Production so far in the current financial year is comfortably ahead of guidance for the full year.
The bomb attacks in Jakarta have hit travel stocks hard.
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It was a bad day for mining companies as mineral prices crumbled, but a good one for UK oil & gas players
Leading the way on the index was Standard Chartered
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Weatherly International, Motif Bio and 88 energy also had news out on Tuesday
The index appears likely to end its run of eight straight daily falls,
Investments and investor services
IInvestors continued to bask in the glow from Sunrise Resources
Investments and investor services
The FTSE 100 Index was around 1.5%, or 90 points, higher to 5,964
Cost cutting measures by Uruguay-focused Orosur Mining are paying off - as it unveiled improved operating metrics in its latest quarter.
Investments and investor services
The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
The FTSE100 was three points lower at lunch at 5,949.
After heavy losses Friday, FTSE 100 added 48 to 6,001
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A round-up of the day's main news from the Proactive universe
Orosur expects to save at least US$400,000 per year.
The FTSE100 jumped around 80 points to 6,360 on Thursday
Few saw this coming: a profit warning from a house builder.
Investments and investor services
A Shire spokesperson said: "We don't comment on rumour/speculation."
Investments and investor services
There were a lot of miners reporting today in the small cap space
The FTSE 100 Index climbed 60.9 points to 6330 by lunchtime
Investments and investor services
Below are the main news-driven share price movements at 4pm.
The FTSE 100 Index climbed 46.66 points to 6316 following overnight gains in Asia
The company has implemented changes in mine planning, cost structures and capital spending.
It was a busy week in the small cap mining space as the UK's first mine for over 40 years opened.
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Gem Diamonds was just one of many news items on a busy day in the small cap universe.
Orosur Mining, the operator of the only producing gold mine in Uruguay, has delivered in line with production and cost guidance in its first quarter...
There was a lot of news in the small cap mining space this week...
Orosur Mining releases full year results which show production in line with guidance
The company has also now decided to go ahead with the underground development of San Gregorio West