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Orosur moves deeper into the red

Orosur Mining (TSX:OMI) moved deeper into the red in the quarter ended August 31, due to diminished operations and higher restructuring costs as it closed its San Gregorio mine in Uruguay.

Orosur moves deeper into the red Orosur moves deeper into the red Orosur moves deeper into the red Orosur moves deeper into the red Orosur moves deeper into the red

Orosur placed San Gregorio on care and maintenance in August, which sent it further into the red

It reported in its unaudited results a net loss of US$6.1 million, compared to a loss of $384,000 a year ago. 

Restructuring costs for the June-August period were $3.