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Orosur Mining Inc Announces Second Quarter Results for 2020/21
Second Quarter Results for 2020/21 LONDON, UK / ACCESSWIRE / January 14, 2021 / Orosu...
About this update from Orosur Mining Inc.
[{"type":"text","content":"Orosur Mining Inc Announces Second Quarter Results for 2020/21Second Quarter Results for 2020/21 LONDON, UK / ACCESSWIRE / January 14, 2021 / Orosur Mining Inc. (\"Orosur\" or \"the Company\") (TSX:OMI)(AIM:OMI), a South American-focused gold developer and explorer, is pleased to announce the results for the second quarter ended November 30, 2020 (\"Q2 21\" or the \"Quarter\"). All dollar figures are stated in US$ unless otherwise noted. The unaudited condensed interim financial statements of the Company for the quarter ended November 30, 2020 and the related management's discussion and analysis have been filed and are available for review on the SEDAR website at www.sedar.com. They are also available on the Company's website at www.orosur.ca.A link to the PDF version of this announcement is also available here: http://www.rns-pdf.londonstockexchange.com/rns/6271L_1-2021-1-13.pdfHighlights of the Second Quarter Results for 2020/21ColombiaAs announced on September 3, 2020, an additional cash payment of $500k, in addition to the $500k received in March 2020, was received by the Company from Newmont Colombia, in connection with maintaining its earn-in rights pursuant to the Exploration Agreement.On September 30, 2020, Newmont Corporation, entered into a Joint Venture with Agnico Eagle (\"Agnico\") whereby it was agreed that the two companies jointly assume and advance Newmont's prior rights and obligations with respect to the Anzá Project in Colombia on a 50:50 basis, with Agnico as operator of the Joint Venture. Orosur's Anzá Project is subject to the Exploration Agreement with Newmont Colombia. Newmont Colombia then became the Joint Venture vehicle between Newmont and Agnico and its name was changed to Minera Monte Águila SAS (\"Monte Águila\").Orosur's position with respect to the Anzá project, and all terms and conditions of the Exploration Agreement remain unchanged. Monte Águila assumes all rights and obligations with respect to the Anzá Project that were previously held by Newmont Colombia, with Orosur's wholly owned subsidiary Minera Anzá remaining operator of the Anzá Project and conducting exploration work on behalf of Monte Águila, until such time as Monte Águila assumes operatorship at its discretion.Initial funding of approximately $650k was received by Minera Anz&...