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With wide-ranging material cost-cutting initiatives completed or underway (including government suspension of royalties for one year) and gold production ahead of target, Orosur is well positioned to return to profitability during H216. San Gregorio (SG) Deeps is advancing through permitting, and de-watering of the pit has been completed to allow for extraction of an initial 1,500oz and also preliminary underground development works. While profitable production and cost cutting at SG remains the key focus, Orosur is investigating potential third-party opportunities to develop and or complement its non-core assets within Uruguay and Columbia.

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