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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

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.


TSX:ORV - Post by User

Bullboard Posts
Comment by geezer321on May 14, 2013 11:13am
144 Views
Post# 21389499

RE: RE: RE: RE: Q2 out

RE: RE: RE: RE: Q2 out
Adjusted Net Income (Loss) and Adjusted Net Income (Loss) per Share
 
The Company has included adjusted net income (loss) and adjusted net income (loss) per share as non-IFRS performance measures in this MD&A. Adjusted net income (loss) excludes unrealized gains/losses recognized as a result of the revaluation of Orvana’s outstanding financial instruments at the end of the period and the deferred income tax impact relating thereto. The Company excludes these items from net income or net loss
to provide a measure which allows the Company and investors to evaluate the results of the underlying core operations of the Company and its ability to generate cash flows. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of per
formance prepared in accordance with IFRS. The following table provides a reconciliation of adjusted net
income (loss) and adjusted net income (loss) per share to the Company’s consolidated financial statements for the respective period
:
 
Adjusted Net Income                                                     Q1 2013    Q2 2013   Q2 2012  YTD 2013  YTD 2012
 
Net income (loss)                                     $13,651     $6,483     ($7,959)    $20,134     ($12,464)
 
Less tax-adjusted unrealized (gains)
losses on financial instruments                                     ($9,310)    ($5,561)    $10,753    ($14,870)   ($2,005)
 
Adjusted net income (loss)                                            $4,341       $922         $2,794      $5,264       ($459)
 
Weighted average shares outstanding (000s)              136,618     136,942    136,733    136,795      136,795
 
Adjusted net income (loss) per share
(basic and diluted)                                                         $0.03         $0.01        $0.02         $0.04         $0.00
 
Bullboard Posts