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Orinoco plans to begin producing at its Cascavel mine before the end of the year.

Orinoco buys out JV partners as MD and chair resign

Perth explorer Orinoco Gold has announced plans to buy out its joint venture partners at the Cascavel mine for $US6.3 million in cash and shares, while both its managing director and chairman have tendered their resignation.

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Orinoco Gold (OGX)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
384thKalamazoo Resources-20%
408thNTM Gold-25%11%
426thChalice Gold Mines-27%0%
793rdOrinoco Gold-78%-41%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

05/12/18
$49k Issued
01/10/18
$10 Bought
25/09/18
$650 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

130th↑Orinoco Gold$773k
132nd↑NTM Gold$750k
133rd↑Kalamazoo Resources$702k
135th↑Cleveland Mining Company$699k
136th↓Chalice Gold Mines$693k
513 listed resources companies ranked by revenue.
Source: Morningstar

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