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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 Nergyon Dec 04, 2023 5:02am
137 Views
Post# 35766502

RE:RE:RE:RE:RE:Excellent Operations update Highly W/Green light for Taguas

RE:RE:RE:RE:RE:Excellent Operations update Highly W/Green light for Taguas

Short summary of FY2023:

Cash position up 2 MUSD
Total liabilities decreased by $7.9 million

They sold more Au and Cu then they produced in Q4, but should still have 2 MUSD+ in inventory at en of Q4.

It would be nice with some real exploration update from Orovalle, but the real game changer is ofcourse if they could close the EMIPA financining, as said earlier the Revenue should aboyt tripple the current production about 30 months after construction start. 
That's very profitable revenue since the AISC should be about half of AISC at Orovalle.

In the 5+ Year time frame Taguas will be the second game changer since that will be a 10Moz project long term.....

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