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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a Canada-based multi-mine gold-copper-silver company. The Company is involved in the evaluation, development and mining of base metal deposits. The Company owns and operates El Valle Mine and Carles Mine, which is situated in Asturias, Northern Spain (collectively El Valle) and is managed by its wholly owned subsidiary, Orovalle Minerals S.L. (Orovalle). In addition to El Valle, it owns certain mineral rights located in the region of Asturias. It also owns the Don Mario Operations (Don Mario) in San Jose de Chiquitos, Southeastern Bolivia and is managed by its wholly owned subsidiary, Empresa Minera Paititi S.A. (EMIPA). It consists of around 10 contiguous mineral concessions covering approximately 53,325 hectares (ha). Through its subsidiary Orvana Argentina S.A., the Company holds its 100 % owned Taguas Property, which is situated in the Province of San Juan, Argentina, and consists of approximately 15 mining concessions covering approximately 3,273.87 ha.


TSX:ORV - Post by User

Comment by NostradamusIIon Oct 26, 2020 12:09pm
136 Views
Post# 31781661

RE:Taguas SART Plant would reduce costs by $120 USD/oz Au

RE:Taguas SART Plant would reduce costs by $120 USD/oz AuGanndolph, thanks for an interesting review of the possible processing at Taguas. As I read your summary of an added SART, with copper recovery, a 10% added silver recovery as well as possible cyanide recovery we are looking at a total of about 0.5 + 1.0 + 0.5 MUSD in additional revs/cost savings and a 1 MUSD operating cost on a quarterly basis. That would generate a surplus of 4 MUSD per year, investment of 20 MUSD gives 5 years pay-off (undiscounted). With the current LOM of about 10 years a decision to invest in a SART could go either way. Or did you include the depreciation of the SART in the operating costs? If not, the level of added silver recovery would be crucial, or if they could add more resources in the coming exploration program extending LOM/annual processing rates.
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