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Orosur Mining chief “confident” of hitting production guidance

South America-focused Orosur Mining (LON:OMI, TSE:OMI) announced production in the three months to the end of November totalled 8,172 ounces (oz), bringing production for the year so far up to 20,643 ounces, comfortably on course to meet the company's full-year guidance of 30,000 – 35,000 oz.
Speaking to Proactive, chief executive Ignacio Salazar said: “We believe we are in a good position to get or exceed the target of production for the year.”
The company is also cutting cost, with all-in sustaining costs (AISC) tumbling to US$1,095/oz, versus US$1,258/oz, and reducing this further is “the important step for this quarter”.

Quick facts: Orosur Mining Inc

Price: 23.39999 GBX

AIM:OMI
Market: AIM
Market Cap: £43.8 m
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