StockMarketWire.com - South America-focused Orosur Mining booked a third-quarter loss after rising revenue was more than offset by spending on exploration.

Pre-tax losses for the three months through February amounted to $2.03m, broadly unchanged from loss of $1.98m reported on-year.

Sales roughly doubled to $8.56m, but were offset by higher selling costs, exploration and administrative expenses.

'At the end of 2018, the company managed to close two key strategic agreements which provide a platform to transform Orosur: in Colombia with Newmont and with Loryser creditors in Uruguay,' chief executive Ignacio Salazar said.

'The company has been working diligently to deliver on both agreements during last quarter and remains committed to its plan to restructure its businesses, and recapitalize and transform the company.'

At 9:42am: [LON:OMI] Orosur Mining Inc share price was 0p at 3.1p



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