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The latest announcement is out from Orosur Mining ( (TSE:OMI) ).
Orosur Mining Inc. has successfully raised £1.25 million through a share placing, aiming to advance its Anzá exploration project in Colombia. The funds will primarily support further drilling at the Pepas prospect and other exploratory activities. The placing, conducted at a 25% discount, signifies Orosur’s commitment to enhancing its exploration capabilities and potentially boosting its market position in the gold mining sector.
More about Orosur Mining
Orosur Mining Inc. is a minerals explorer and developer operating in Colombia, Argentina, and Nigeria. The company focuses on gold exploration projects, notably the Anzá project in Colombia, which includes several exploration licences and permits. The Anzá project is strategically located in the Mid-Cauca belt, a prolific gold-producing region, and has recently expanded its exploration area through acquisitions.
YTD Price Performance: 161.02%
Average Trading Volume: 1,886,285
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.31M
See more insights into OMI stock on TipRanks’ Stock Analysis page.
