Welcome to our dedicated page for Oroco Resource news (Ticker: ORRCF), a resource for investors and traders seeking the latest updates and insights on Oroco Resource stock.
Oroco Resource Corp (ORRCF) provides investors and industry observers with essential updates through this centralized news hub. Track official announcements regarding mineral resource estimates, Preliminary Economic Assessments (PEAs), and operational developments at key projects like Santo Tomas.
This resource aggregates all corporate communications including exploration results, technical study updates, and strategic partnership announcements. Users gain immediate access to critical information about pit optimization analyses, process design advancements, and infrastructure planning milestones that shape the company's trajectory.
Content spans project-specific engineering reports, regulatory filings, and operational progress updates. Regular updates ensure stakeholders stay informed about resource classification changes, mine design refinements, and environmental management initiatives central to Oroco's development strategy.
Bookmark this page for streamlined access to ORRCF's latest verified announcements. Combine frequent checks with review of technical documentation for comprehensive understanding of the company's position in junior mining exploration.
Oroco Resource Corp announces arrangements for its Annual General Meeting scheduled for December 12, 2024, addressing challenges posed by the ongoing Canada Post strike. Due to potential postal delays, Meeting Materials are available on SEDAR+ and the company's website. The meeting agenda includes reviewing financial statements, re-appointing auditors, electing directors, and approving the stock option plan.
Shareholders can obtain voting control numbers through Computershare's Services Call Centre. Those unable to verify identity may use generic proxy forms available on the company's website. Proxy votes must be submitted by December 10, 2024, at 2:00 p.m. Vancouver time. Virtual attendance is possible through video conference, though voting cannot be conducted during the video call.
Oroco Resource provides a corporate update on its Santo Tomas Project following its August PEA release, which demonstrated a 22.6-year Life of Mine copper-molybdenum-gold-silver project with a US$1.48 billion post-tax NPV. The company is monitoring recent Mexican Supreme Court decisions limiting 2023 Mining Law amendments, which preserve Oroco's existing mineral concession rights. The company is preparing for Phase 2 technical work, focusing on updating Mineral Resource Estimates, particularly in the South Zone. Activities include monitoring the new presidential administration's mining policies, expanding community investment opportunities, and developing strategic financing relationships.
CEO.CA Technologies , a leading investor social network for junior resource and venture stocks, has released exclusive updates from CEOs of junior mining explorers in its 'Inside the Boardroom' series. The series provides firsthand knowledge from industry leaders, offering insights into their vision, challenges, and strategies.
This week's interviews featured Greg Renwick, President, CEO & Director of Sonoro Energy (TSXV: SNV), and Adam Smith, VP Business Development of Oroco Resource Corp (TSXV: OCO | OTCQB: ORRCF | FSE: OR6). These interviews aim to provide investors with valuable information about key updates from these companies.
CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and globally, known for its industry-leading audience engagement and mobile functionality. Millions of visitors use CEO.CA annually to connect with investors worldwide, share knowledge, and view impactful stories about stocks, commodities, and emerging companies.
Oroco Resource Corp. (TSXV: OCO; OTCQB: ORRCF) has filed a Preliminary Economic Assessment (PEA) technical report for its Santo Tomas Copper Project in Sinaloa, Mexico. The report, dated August 20, 2024, is now available on the company's website and SEDAR. The PEA results remain consistent with the previously announced findings on August 20, 2024.
Oroco has also announced a webinar scheduled for August 28th at 11:00 AM PDT to discuss the PEA results. CEO Richard Lock, Principal Geological Consultant Andrew Ware, and Corporate Finance representative Adam Smith will lead the discussion on the PEA and outline next steps for advancing the Santo Tomas porphyry project.
Oroco Resource has released a revised Preliminary Economic Assessment (PEA) and updated Mineral Resource Estimate (MRE) for its Santo Tomas Porphyry Copper Project in Mexico. The PEA, prepared by Ausenco Engineering, envisions a staged open pit mine reaching 120,000 tonnes per day production by year 8, over a 22.6-year life of mine.
Key highlights include a post-tax Net Present Value (NPV) of $1.48 billion, a 22.2% Internal Rate of Return (IRR), and total Life of Mine (LOM) payable copper production of 4,774 million pounds. Initial capital costs are estimated at $1.103 billion, with sustaining and expansion costs at $1.734 billion. C1 cash costs are projected at $1.54/lb Cu.
The MRE estimates 540.6 million tonnes of indicated resources with an average grade of 0.37% CuEq. The PEA details plans for a highly efficient use of capital, achieving a rapid post-tax payback of 3.8 years. The project is poised to be one of the most capital efficient large-scale, low-cost copper projects globally.
Oroco Resource Corp. has completed a brokered private placement, raising $6.3 million through the sale of 14,051,127 units at $0.45 per unit. Each unit includes one common share and one half of a common share purchase warrant, exercisable at $0.65 for 24 months. The offering was led by Red Cloud Securities Inc. and Canaccord Genuity Corp. Oroco paid a cash commission of $271,636.20 and issued 603,636 broker warrants, and 99,763 advisory warrants. Proceeds will fund the Santo Tomás Project in Mexico, working capital, and general corporate purposes. The units are immediately freely tradeable under Canadian law but are subject to a hold period until October 7, 2024, on the TSXV.
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