Orosur Mining Inc Announces Results for Second Quarter ended November 30, 2025
Owens & MinorOwens & Minor(US:OMI) Accessnewswire·2026-01-26 07:00

Core Viewpoint Orosur Mining Inc. has reported its unaudited financial results for the quarter ending November 30, 2025, highlighting significant operational developments in Colombia and Argentina, alongside a notable increase in cash reserves. Operational Highlights - Infill drilling at the Pepas gold prospect in Colombia is ongoing, aimed at achieving a NI43-101 compliant Mineral Resource Estimate (MRE), expected by the end of January 2026. Drilling results have confirmed the high-grade mineralization of the Pepas deposit [3]. - A large-scale soil geochemical survey at El Cedro, located 10 km south of Pepas, has identified a substantial gold-bearing system with assays exceeding 1g/t Au [3]. - A second porphyry system has been identified south of El Cedro through new geochemical data analysis combined with historical mapping and airborne geophysical data [4]. - In Argentina, the company has acquired a 51% interest in Deseado Dorado S.A.S, which owns the El Pantano Project. A Phase 2 joint venture will lead to 100% ownership upon an additional investment of US$2 million, with a 3,000-meter drill program already underway [4]. - The initial drilling at El Pantano has confirmed the presence of a low sulphidation epithermal mineral system, with further assay results pending [4]. - The company has decided to withdraw from its lithium project in Nigeria to prioritize capital and human resources, with the investment in Nigeria fully impaired as of May 31, 2025 [4]. Financial Highlights - As of November 30, 2025, the company reported a cash balance of US$16,280,000, a significant increase from US$4,877,000 on May 31, 2025 [7]. - The company completed a brokered private placement on October 2, 2025, raising CAD$20 million through the issuance of common shares, which was oversubscribed [7]. - The total assets increased to US$23,593,000 from US$9,489,000, while total liabilities decreased to US$4,884,000 from US$12,858,000 [6]. - The net loss for the period was reported at US$4,543,000, compared to a net income of US$1,870,000 in the same period last year [8].