{"id":967740,"date":"2018-08-30T13:50:27","date_gmt":"2018-08-30T13:50:27","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=967740"},"modified":"2018-08-30T13:50:27","modified_gmt":"2018-08-30T13:50:27","slug":"canadas-orosur-to-shut-uruguays-san-gregorio-west-gold-mine-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=967740","title":{"rendered":"Canada\u2019s Orosur to shut Uruguay\u2019s San Gregorio West gold mine"},"content":{"rendered":"

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

Canadian gold junior Orosur Mining (TSX, AIM:OMI) will close its San Gregorio West mine in Uruguay after lower than expected grades at the underground operation lead the company to post pre-tax loss of $27.18-million in the 2018 financial year<\/a>.<\/p>\n

The miner, which has decided to focus on Colombia, said it expected the operation to yield between 2,500 \u2013 3,500 ounces of gold in the next three months, after which it will be placed on care and maintenance.<\/p>\n

\u201cAll future production shall depend on material developments in the funding and environmental permitting of the Veta A Underground project in Uruguay and the ongoing discussions with the government of Uruguay and other third parties,\u201d it said in the statement<\/a>.<\/p>\n

Orosur is also withdrawing from Chile, where it has already sold its remaining 25% stake in Talca for $120,000 and returned its interest in the Anillo project to state-owned Codelco.<\/p>\n

The firm’s main focus is now the Anz\u00e1 exploration project, in Colombia, for which it is raising finance to fund the next stage of exploration.<\/p>\n

\u201cThe drilling campaign in Anz\u00e1 resulted in a number of high grade gold intercepts, providing support for our geological model, as well as materially extending the known extent of mineralization,\u201d chief executive officer Ignacio Salazar said in the statement.<\/p>\n

More to come\u2026<\/em><\/p>\n

The post Canada’s Orosur to shut Uruguay’s San Gregorio West gold mine<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Cecilia Jamasmie Canadian gold junior Orosur Mining (TSX, AIM:OMI) will close its San Gregorio West mine in Uruguay after lower than expected grades at the underground operation lead the company to post pre-tax loss of $27.18-million in the 2018 financial year. The miner, which has decided to focus on Colombia, said it expected the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/967740"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=967740"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/967740\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=967740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=967740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=967740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}