Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Uruguay Mineral Exploration — FY2008 Earnings Presentation
10 slides from Orosur Mining's earnings presentation, Aug 13, 2008
Slide 1: Uruguay Mineral Exploration: Results for Fiscal Year 2008, Four-Year Mine Plan & Outlook
Uruguay Mineral Exploration Results for Fiscal Year 2008, Four-Year Mine Plan & Outlook August 13, 2008 This presentation should be read in conjunction with the announcement of Results for Fiscal 2008 ended May 31, 2008 and Management’s Discussion and Analysis of Results 1
Slide 2: Conference Call Hosts
Conference Call Hosts Tony Shearer, Chairman David Fowler, Chief Executive Officer 2
Slide 3: Operations for Fiscal 2008
Operations for Fiscal 2008 • Gold production: 90,668 ounces compared to 95,000 ounces target, as a result of : – A 10-day industrial dispute in April 2008; and – Lower than anticipated grade in April and May 2008. • Cash costs: $US 413 per ounce, above forecast range of $US360 to $US380 per ounce ex
Slide 4: Financial Performance for Fiscal 2008
Financial Performance for Fiscal 2008 • Net profit after tax: $US 7.8 million, or $US 0.22 basic EPS. Includes $US 11.1 million write down of exploration expenditure • Operational cash flow: $US 26.5 million • Capital expenditure: $US 9.6 million in exploration and $US 9.3 million in property, plant
Slide 5: Financial Performance for Fiscal 2008
Financial Performance for Fiscal 2008 Three-months ended May 31, Fiscal Year ended May 31, 1 Summary of Results Q4 2008 Q4 2007 FY 2008 FY 2007 Operating Results Gold produced Ounces 20,713 29,265 90,668 96,420 Average cash cost US$/oz 540 273 413 294 Average price received US$/oz 926 658 814 610 Fi
Slide 6: San Gregorio Development
San Gregorio Development Four-Year Mine Plan • Anticipates 240,000 ounces of production Strategies to Improve Plan & Extend Mine Life • Exploration • Underground mining • Incremental plant expansion • Plant enhancements to increase gold & silver recovery as well as throughput 6
Slide 7: Outlook for Fiscal 2009
Outlook for Fiscal 2009 Fiscal 2009 • Production: 80,000 ounces of gold, targeting more • Cash cost per ounce: $US 575 per ounce, assuming: – Waste mining costs are expensed; – Fuel prices are the equivalent to $US 122 per barrel; and – The Uruguayan Peso to $US exchange rate is 19.5. • Sustaining C
Slide 8: Exploration Update
Exploration Update Potential for Underground Mining at Arenal • Drilling in the down plunge projection is defining a zone of higher grade mineralization • Potential to be mined with underground mining methods • Results not contemplated in current four- year mine plan Next steps: • Drill one more hol
Slide 9: Exploration Update (cont.)
Exploration Update (cont.) Presidente Terra • Full drilling update expected to be released early September • Focusing on northern tenements Lascano • Third hole completed to a depth of 850 meters; assay results expected in six weeks • Commenced drilling at fourth hole Nueva Australia • Two diamond h
Slide 10: Contacts
Contacts Uruguay Mineral Exploration Inc Tony Shearer, Chairman: +44 (0)20 7602 1570; tonyshearer@btinternet.com David Fowler, CEO: + 598 2 6016354; urumin@ume.com.uy Investor/Media Relations Emily Bruning, Shared Value Ltd: +44 (0) 20 7321 5027; ebruning@sharedvalue.net Investor Relations in North
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