LONDON (ShareCast) - AIM-listed exploration group Orosur Mining has completed the acquisition of Waymar, which it said will add to its growing portfolio in South America.

The group has finalised the purchase in an all-share deal for the Canada-listed mineral exploration group.

Orosur’s portfolio now includes the San Gregorio gold mine in Uruguay and development projects in Chile and Colombia, creating a "premier South American gold exploration, development and production company", it said.

Chief Executive Officer Ignacio Salazar said: “The acquisition (…) represents a significant step towards the creation of a diversified and profitable gold producer in South America."

As of 11:26 the share price had risen 0.76% to 16p.

WS

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