ABOUT US

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Orosur Mining Inc. is a gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of quality assets in Chile. The company is listed on the TSX and AIM and currently has its head office in Santiago, Chile.

Summary of the Business

San Gregorio gold operation in Uruguay which produced 55,458 ounces of gold in 2012
Solid financial position with cash, low debt levels, and cash flow from operations
Significant exploration holdings in Uruguay and Chile focused on gold
Experienced management team in place to focus on growth objectives

Vision

Our vision is to become a leading mid-tier South American focused gold producer.

Objectives

To support this vision, the Board and the management team have set the following objectives:

To maximize the Company’s free cash flow in the four years to 31 May 2016. We will do this by targeting San Gregorio production at between 60,000 to 70,000 ounces per annum from our existing reserves at an average cash cost of US$ 810 per ounce.
To the extent available, pay dividends to shareholders of at least one-third of the Company’s free cash flow as from January 2014;
To carry out sufficient work to extend the life of the San Gregorio mine to maintain in future years minimum of four years of life.
To advance our existing projects at Anillo, Pantanillo and Talca in Chile to commercial assessment;
To monitor the progress of our farmed –out projects to obtain the maximum value for them; and
To have sufficient cash on our balance sheet and to be generating cash so that when, as we expect, the difficult market for funding exploration projects results in their prices reducing to a reasonable level, we are in a position to acquire new projects in South America that have real potential and low risks at realistic prices. If we do not find the right projects, then there will be additional cash that can be returned to shareholders.