Orvana Minerals Corp T.ORV

Alternate Symbol(s): ORVMF

Metals & Mining Gold

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.

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Orvana Minerals Corp

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Post by griffen1on Mar 20, 2012 1:00pm

500 Views

Post# 19695167

What to believe

It is a conundrum. Five months into fiscal 2012 with approximately 15500 ounces produced at EVBC. A 60000 projection after the 5 months means production of 44500 ounces for the last 7 months, or 6300 ounces Au per month. And then for fiscal 2013 guidance of 65000 ounces Au. Well shouldn`t that be at least 75000 ounces at the remainder of 2012 production rates.

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