Orosur Mining Inc Announces Sale of Stake in Company
In its release of yesterday to the Toronto Stock Exchange, after market close, announcing the sale, Newmont also stated that "Newmont may, depending on price, market conditions or other conditions or factors it considers relevant from time to time, increase its beneficial ownership, control or direction over Common Shares or other securities of Orosur through market transactions, private agreements or otherwise".
Orosur Executive Chairman Louis Castro commented:
"Whilst we are sad to see Newmont go, we understand that the sale of the stake is part of Newmont's strategy of non-core disposals. Newmont has been a loyal and supportive partner to Orosur. We part on good terms and we welcome a number of strong and knowledgeable long-term investors as we push further into an exciting growth phase for the Company. Their investment is testament to the potential of the projects we are developing"
For further information, visitwww.orosur.ca, follow on X @orosurm or please contact
Orosur Mining IncLouis Castro, Chairman,Brad George, CEOinfo@orosur.caTel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Joint BrokerJeff Keating / Jen Clarke / Devik MehtaTel: +44 (0) 20 3470 0470
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker/James PopeTel: +44 (0)20 3657 0050
Flagstaff Communications and Investor Communications
Tim ThompsonMark EdwardsFergus Mellon
orosur@flagstaffcomms.com Tel: +44 (0)207 129 1474
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Orosur Mining Inc.
Orosur Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer currently operating in Colombia, Argentina and Nigeria.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Orosur Mining Inc
View the original press release on ACCESS Newswire
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Green Ocean Corporation Berhad Full Year 2025 Earnings: RM0.099 loss per share (vs RM0.034 loss in FY 2024)
Green Ocean Corporation Berhad (KLSE:GOCEAN) Full Year 2025 Results Key Financial Results Revenue: RM9.08m (down 26% from FY 2024). Net loss: RM20.8m (loss widened by 187% from FY 2024). RM0.099 loss per share (further deteriorated from RM0.034 loss in FY 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Green Ocean Corporation Berhad shares are down 4.5% from a week ago. Risk Analysis What about risks? Every company has them, and we've spotted 3 warning signs for Green Ocean Corporation Berhad (of which 2 can't be ignored!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 minutes ago
- Yahoo
Hour Glass' (SGX:AGS) Dividend Will Be SGD0.04
The Hour Glass Limited's (SGX:AGS) investors are due to receive a payment of SGD0.04 per share on 19th of August. This means that the annual payment is 3.0% of the current stock price, which is lower than what the rest of the industry is paying. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Hour Glass' Future Dividend Projections Appear Well Covered By Earnings Even a low dividend yield can be attractive if it is sustained for years on end. Before making this announcement, Hour Glass was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share could rise by 14.2% over the next year if the trend from the last few years continues. If the dividend continues along recent trends, we estimate the payout ratio will be 29%, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for Hour Glass Dividend Volatility Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the annual payment back then was SGD0.022, compared to the most recent full-year payment of SGD0.06. This implies that the company grew its distributions at a yearly rate of about 11% over that duration. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. The Dividend Looks Likely To Grow Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. We are encouraged to see that Hour Glass has grown earnings per share at 14% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. Hour Glass Looks Like A Great Dividend Stock It is generally not great to see the dividend being cut, but we don't think this should happen much if at all in the future given that Hour Glass has the makings of a solid income stock moving forward. The cut will allow the company to continue paying out the dividend without putting the balance sheet under pressure, which means that it could remain sustainable for longer. All in all, this checks a lot of the boxes we look for when choosing an income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified 1 warning sign for Hour Glass that investors need to be conscious of moving forward. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
9 minutes ago
- Yahoo
New food store could open in building near Bradford City's grounds
A BUILDING in the shadow of Bradford City's Valley Parade ground could become a food store and butcher's if new plans are approved. The former Dewhirst Coaches building on Thornciffe Road has been vacant since the transport company shut several years ago. The new planning application would see the building converted into retail use, and says the development would create jobs as well as boost the local economy. The plans have recently been submitted to Bradford Council by Shanjid Ali. As well as the change of use of the shop, the application calls for a new canopy on the existing building, illuminated signage and three external refrigerated units. The building is just yards from Bradford City's ground and the area is often heaving with football fans on matchdays. The application says: 'The site comprises a substantial open yard that facilitated turning circles and manoeuvring for large vehicles. 'The building's former use as a storage facility makes it inherently suitable for commercial retail. 'Currently many vehicles are parked within the site from the previous use and will be removed if planning is granted.' Referring to the new retail use, the application says: 'The premises will cater to walk-in customers and local suppliers, offering chilled, frozen, and ambient food goods. 'The retail premises will operate seven days a week, between 9am and 8pm. The business will employ seven full-time members of staff. 'This (application) represents a direct contribution to the local economy and introduces employment opportunities to an otherwise inactive commercial site. 'By reintroducing viable uses to a currently underutilised site, the redevelopment will support economic regeneration.' The proposed store would have 16 parking spaces. A decision on the application is expected next month. Earlier this year an application for another major scheme on the same road – opposite the site of the food store plan – was approved by Bradford Council. Cake Box, a food company that has a base on Thorncliffe Road, had applied for permission to build new warehouse space on land next to its Manningham base. The site was the former home of Adams Fast Food Supplies until that building was destroyed in a blaze caused by a faulty electric appliance in 2021. The application for the warehouse said the company's expansion would be 'a significant capital investment in the area to secure the long-term future from an established company that is looking to expand its operation". Planners approved that application this Spring.
