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Last €0.02 EUR
Change Today -0.0014 / -5.60%
Volume 121.7K
As of 12:10 PM 10/7/15 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
10/14/14 - €0.07
52 Week Low
09/30/15 - €0.02
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ormonde mining plc (ORM) Details

Ormonde Mining Plc, engages in the acquisition, exploration, and development of mineral resource projects in Spain. The company primarily owns 100% interest in the Barruecopardo tungsten project located in the Salamanca province in western Spain. 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.

16 Employees
Last Reported Date: 06/26/15
Founded in 1983

ormonde mining plc (ORM) Top Compensated Officers

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Executives, Board Directors

ormonde mining plc (ORM) Key Developments

Ormonde Mining plc Announces Management Changes

Ormonde Mining plc announced that the appointment of Mr. Steve Nicol as managing director of company has been confirmed. Steve is an executive director and was previously chief operating officer of the company and, since 3 August, 2015 following the sudden death of Dr. Kerr Anderson, has been acting managing director. This appointment is effective immediately. A qualified mining engineer, Steve has had direct responsibility for the various key stages of Ormonde's operations in Spain, including evaluation, feasibility study, permitting and offtake arrangements for Barruecopardo, since his appointment as COO in April 2008. Steve has over 25 years' experience in the mining industry, initially in operations and subsequently in mine evaluation and project management of various underground and open pit mines in Australia and Europe. Steve, together with his family, has been based in Spain for the last six years. The board also announced the appointment of Mr. Jonathan Henry as a senior non-executive director. Jonathan has widespread mining industry and corporate finance experience, and is currently President and CEO of Gabriel Resources Ltd. Previously, he was Finance Director and subsequently CEO of Avocet Mining PLC. In completing this reorganisation of Mr. Mike Donoghue, Chairman, will move to a position of Non-Executive Chairman with immediate effect.

Ormonde Mining plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Ormonde Mining plc reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported profit before tax of €2,558,000 compared to loss before tax of €1,116,000 a year ago. Profit for the period was €2,558,000 or 0.54 cent per basic and diluted share compared to loss of €1,116,000 or 0.25 cent per basic and diluted share a year ago. Net cash from operations was €3,283,000 compared to net cash used in operations of €924,000 a year ago.

Ormonde Mining plc Announces Board Changes

The Board and staff of Ormonde Mining plc are deeply saddened to announce the sudden death of Dr. Kerr Anderson, Managing Director of the Company. Mr. Steve Nicol, an executive director and Chief Operating Officer of Ormonde, will assume the role of acting Managing Director with immediate effect on an interim basis.


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