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Last €0.04 EUR
Change Today 0.00 / 0.00%
Volume 0.0
ORM On Other Exchanges
As of 12:10 PM 04/22/15 All times are local (Market data is delayed by at least 15 minutes).

ormonde mining plc (ORM) Snapshot

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52 Week High
09/9/14 - €0.08
52 Week Low
08/25/14 - €0.02
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ormonde mining plc (ORM) Details

Ormonde Mining Plc, is engaged in the acquisition, exploration, and development of mineral resource projects in Spain. The company primarily owns 100% interest in the Barruecopardo tungsten project comprising 6 investigation permits in the Salamanca province in western Spain totaling approximately 272 square kilometers. It also holds interest in the La Zarza Copper project, a sulphide deposit with copper, gold, and zinc resources in the Iberian Pyrite Belt mining district in southwest Spain, as well as carries out gold exploration in various areas of western Spain. The company was formerly known as Burmin Exploration and Development plc and changed its name to Ormonde Mining Plc in August 1995. Ormonde Mining Plc was incorporated in 1983 and is based in Clonee, Ireland.

20 Employees
Last Reported Date: 06/20/14
Founded in 1983

ormonde mining plc (ORM) Top Compensated Officers

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ormonde mining plc (ORM) Key Developments

Ormonde Mining plc Signs Loan Agreement Relating to the Provision by Oaktree

Ormonde Mining plc signed a loan agreement relating to the provision, by Oaktree to Ormonde, of $1.5 million, secured on a first priority basis by way of a share pledge of the project holding company. The loan is provided on normal commercial terms and repayable after six months from drawdown, with the repayment date being automatically extended by a period equal to any subsequent extension to the exclusivity period. This loan arrangement provides the company with near term working capital as it finalizes project finance arrangements.

Ormonde Mining plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Ormonde Mining plc reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported loss for the period before tax of €1,116,000 against €943,000 a year ago. Loss for the period was €1,116,000 against €943,000 a year ago. Basic and diluted share were 0.25 cents against 0.24 cents a year ago. Net cash used in operations was €924,000 against €821,000 a year ago. Movement in plant & equipment was €1,000 against €1,000 a year ago. Expenditure on intangible assets was €877,000 against €580,000 a year ago.

Ormonde Mining plc Provides Update on Progress in Connection with Permitting of its Barruecopardo Tungsten Project in Salamanca, Spain

The Board of Ormonde Mining plc provided the following update on progress in connection with permitting of its Barruecopardo Tungsten Project in Salamanca, Spain. The company advised that the Authorities in Castilla y Leon had indicated that while the processing of the documentation for the mining concession was in its final stages, a legal review of the historic mining concessions was required to be completed, with the conclusion of the permitting process anticipated in late June-July. The company has now been advised that in the legal review to-date, the Authorities have not identified any concerns in relation to the cancellation of the historic mining concessions and it understands that the review has now been largely completed.  However, a final formal request has been made by the Authorities to obtain comment from the owners of the historic cancelled concessions in relation to the cancellation process, no response having been received in relation to its initial request.  A short additional time is required for this step before the review can be completed and the new mining concession issued to company.


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