ORVANA REPORTS Q1 FY2022 RESULTS Q1 FY2022 Consolidated Highlights:
- Revenue: $27 million
- EBITDA: $5 million
- CAPEX: $4 million
- Unrestricted Cash EoP: $19 million
Q1 FY2022 Orovalle Highlights:
- 15,921 gold equivalent ounces produced (11,731 Au oz, 1.5 million Cu lb and 48,752 Ag oz)
- COC at $1,140 and AISC at $1,446
TORONTO, Feb. 11, 2022 /PRNewswire/ - Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") reports consolidated financial and operational results for the quarter ended December 31, 2021, and announces that it will file on SEDAR the updated independent preliminary economic assessment report (the "2021 Taguas PEA") for the Taguas Project ("Taguas") located in San Juan Province, Argentina. The 2021 Taguas PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and the key 2021 Taguas PEA inputs and highlights were previously disclosed in the Company's news release dated December 29, 2021.
This news release should be read in conjunction with the Company's Management's Discussion and Analysis, unaudited Financial Statements and Notes to unaudited Financial Statements for the corresponding period, which have been posted on the Orvana Minerals Corp. SEDAR profile at www.sedar.com, and which are also available on the Company's website at www.orvana.com. All figures are in U.S. dollars unless otherwise noted.
"The Company continues delivering solid quarters with increasing gold equivalent production and EBITDA, which, coupled with our recent syndicated financing, resulted in a strong Q1 balance sheet," said Orvana CEO Juan Gavidia. "Looking ahead, we expect to continue delivering steady production, and continue developing Orvana's three units according to our now well established organic growth strategy", he added.
https://www.prnewswire.com/news-releases/orvana-reports-q1-fy2022-results-and-announces-filing-of-pea-ni-43-101-report-for-taguas-301481050.html