With wide-ranging material cost-cutting initiatives completed or underway (including government suspension of royalties for one year) and gold production ahead of target, Orosur is well positioned to return to profitability during H216. San Gregorio (SG) Deeps is advancing through permitting, and de-watering of the pit has been completed to allow for extraction of an initial 1,500oz and also preliminary underground development works. While profitable production and cost cutting at SG remains
20 Jan 2016
Cost cutting supports AISC at/below US$1,000/oz
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Cost cutting supports AISC at/below US$1,000/oz
With wide-ranging material cost-cutting initiatives completed or underway (including government suspension of royalties for one year) and gold production ahead of target, Orosur is well positioned to return to profitability during H216. San Gregorio (SG) Deeps is advancing through permitting, and de-watering of the pit has been completed to allow for extraction of an initial 1,500oz and also preliminary underground development works. While profitable production and cost cutting at SG remains