Orosur Mining Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended November 30, 2016. For the quarter, the company's sales were $10,765,000 against $10,190,000 a year ago. Profit before income tax was $967,000 against loss before income tax of $873,000 a year ago. Net profit was $942,000 or $0.01 per basic and diluted share against net loss of $870,000 or $0.01 per basic and diluted share a year ago. Cash generated from operations increased to $2,234,000 against $924,000 a year ago.

For the six months, the company's sales were $23,423,000 against $24,655,000 a year ago. Profit before income tax was $3,726,000 against loss before income tax of $2,615,000 a year ago. Net profit was $3,701,000 or $0.04 per basic and diluted share against net loss of $2,596,000 or $0.03 per basic and diluted share a year ago. Net cash generated from operating activities was $8,085,000 against $1,368,000 a year ago. Purchase of property, plant and equipment and development costs was $5,617,000 against $1,758,000 a year ago. Exploration and evaluation expenditure assets was $1,158,000 against $1,621,000 a year ago.

For the quarter, the company's Production was 6,852 oz of gold, compared to 8,172 oz a year ago. The reduction is due to the implementation of the strategic plan previously announced in July 2015, in response to the lower gold price environment.

For the six months, the company produced gold of 16,802 ounces against 20,643 ounces a year ago.

For the fiscal year 2017, the company's forecast production guidance remains between 35,000 to 40,000 oz of gold at operating cash costs of between $800 - $900/oz.