Orosur Mining Inc. - Full Year 2026 Results
Orosur secures 100% of its Argentina asset and $14m in funding while continuing drilling operations in Colombia.
Orosur Mining Inc. reported audited financial results for the fiscal year ended May 31, 2026, posting a net loss of $5,950,000, compared to a net income of $9,936,000 in the prior year, which was heavily influenced by discontinued operations. Cash position at May 31, 2026, stands at $9,954,000. Total assets are $22,780,000 with total equity of $19,471,000.
Operational milestones include completing a ~5,500-meter drilling campaign at the El Pantano Project in Argentina, identifying a major gold/silver epithermal system, and satisfying all joint venture commitments to secure 100% ownership. The company declared a Maiden Resource Estimate at the Pepas Project (Anza, Colombia) of 219,000 ounces of gold.
Post-year-end, Orosur announced a brokered private placement to raise up to Cdn$14,000,000, with proceeds earmarked for drilling at the Anza project (specifically El Cedro) and general working capital. Drilling has commenced at El Cedro (targeting 500m depth) and APTA, with initial results showing promising porphyry and epithermal mineralization.
Orosur Mining Inc. (OMI) released its fiscal year 2026 results and operational updates, which largely align with prior announcements. The company had previously disclosed a Maiden Resource Estimate at Pepas in February 2026 and confirmed 100% ownership of El Pantano in July 2026.
On September 22, 2026, Orosur announced a $14M CAD financing round that was marked as oversubscribed. The recent results release serves to confirm the company’s cash position and operational progress leading up to the close of that transaction.
The company reported a net loss of $5.95M, a figure consistent with a pre-revenue explorer burning cash on exploration activities, where $6.07M was spent, alongside share-based compensation. There were no surprises in the financials or the operational timeline.
The news is considered incremental and expected. It confirms the company's ability to raise capital in a difficult market and continue its exploration program, but does not alter the fundamental pre-revenue, high-dilution nature of the business.
Orosur Mining Inc. is a pre-revenue mineral exploration company focused on gold, silver, and copper projects in Colombia and Argentina. Its flagship Anza Project spans approximately 530 km² in the Mid-Cauca gold belt and includes three primary prospects: Pepas, where a maiden mineral resource estimate was declared; APTA, a high-grade epithermal system; and El Cedro, a porphyry system.
The company also holds the El Pantano project in Argentina, which covers approximately 550 km² in the Deseado Massif. Orosur recently secured 100% ownership of El Pantano after completing a $3 million joint venture earn-in and drilling program. Additionally, the company transitioned to 100% ownership of the Anza project in November 2024 following the acquisition of Minera Monte Aguila.