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    OTSO   CA68916P1045

OTSO GOLD CORP.

(OTSO)
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Otso Gold Corp. Updates Mineral Resource Estimate

08/19/2021 | 01:59pm EDT

Otso Gold Corp. announced a National Instrument 43-101 (NI 43-101) Mineral Resource Update for the Otso Gold Mine. The NI 43-101 Technical Report prepared by John T Boyd Company (`Boyd') will be filed on SEDAR within 45 days of this release. The updated technical report is the first deliverable from Boyd and will be followed by an NI 43-101 Feasibility Study, to include estimation of minable reserves. Boyd is currently preparing mine designs and a production plan which will be used to begin initial mine preparation, waste removal and the restart of production in September 2021. Further, the mine designs and a production plan will form a part of the feasibility study. Processing of high grade material will be processed through the existing plant with some flow sheet modifications intended to improve overall recovery. High grade processing is expected to commence in September 2021. Low grade material, which was previously below cut-off grade and was therefore treated as waste, will be treated through a separate circult currently being developed.


© S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -15,4 M -12,4 M -12,4 M
Net Debt 2021 31,3 M 25,3 M 25,3 M
P/E ratio 2021 -0,64x
Yield 2021 -
Capitalization 70,7 M 57,1 M 57,1 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 13,9%
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Managers and Directors
Brian S. Wesson President, Chief Executive Officer & Director
Andrey Viktorovich Maruta Chief Financial Officer
Vladimir Lelekov Chairman
Dace Church Administration Manager
Yvette Harrison Independent Director
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