Orosur Mining Inc. Announces Unaudited Consolidated Financial and Operating Results for the Second Quarter and Six Months Ended November 30, 2015
For the six months, sales were $24,655,000 against $33,930,000 for the same period of last year. Loss before income tax was $2,615,000 against $3,113,000 for the same period of last year. Total loss for the period was $2,596,000 against $2,524,000 for the same period of last year. Loss per basic and fully diluted share was $0.03 against profit of $0.03 for the same period of last year. Net cash generated from operating activities was $1,368,000 against $4,861,000 for the same period of last year. Purchase of property, plant and equipment and development costs was $1,758,000 against $4,506,000 for the same period of last year. Exploration and evaluation expenditure assets was $1,621,000 against $2,198,000 for the same period of last year.
For the second quarter of 2016 the company announced production of 8,172 oz compared with 12,854 oz a year ago.
For the year to date, the production results were 20,643 oz, ahead of the Company's 30,000 to 35,000 oz guidance for the full year.