Colombia

Orosur Mining moves attention to Colombia as new investors come on board

picture of drill rig

An oversubscribed placing for a junior gold miner is something to be proud of, especially when the money is going straight into holes in the ground.

Orosur Mining Limited’s (LON:OMI CVE:OMI) C$4mln (£2.44mln) placing at 24.1c (14.7p) was warmly received and the money means drilling can start at Anza (in Colombia) without having to divert funds from the producing San Gregorio mine in Uruguay.

Ignacio Salazar, Orosur’s chief executive, said: “The completion of this financing, which was oversubscribed and at a premium to the prevailing market when negotiated, is a testament to the quality of our assets and growth prospects.

“We are delighted to…

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