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Uruguay axes Orosur royalties

Orosur Mining, which operates the only producing gold mine (San Gregorio) in Uruguay, has disclosed the president of the country has granted it a one-year exemption on royalty payments, equivalent to 3% of sales.

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Orosur's San Gregorio gold mine has been granted royalty relief

The move was made after intensive lobbying from the firm and its CEO Ignacio Salazar.

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