07:43 AM EDT, 06/03/2024 (MT Newswires) -- Orosur Mining ( OROXF ) on Monday said negotiations to acquire 100% of its Anza project in Colombia will continue into June

The project is part of an exploration agreement with Colombian company Minera Monte Aguila SAS (MMA). MMA, which is a 50/50 joint venture between Newmont Corporation (NGT.TO) and Agnico Eagle Mines (AEM.TO), has a 51% stake in Anza,

Last March, Orosur signed a letter of intent to acquire MMA after it elected not to proceed with the second phase of the exploration agreement.

While final negotiations continue, Orosur has, over the last month, been undertaking the planning and community consultation to allow it to reassume operatorship of the project when the acquisition is complete.