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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
Post by ganndolphon Jan 05, 2017 8:54am
227 Views
Post# 25669484

Orvana Minerals (ORV) vs Endeavour Silver (EXK)

Orvana Minerals (ORV) vs Endeavour Silver (EXK)Endeavour Silver has nearly the same stock float as Orvana Minerals, but EXK is trading at 21.5 times ORVMF's price--$3.87 vs $0.18.  Both companies have three mines in production and produce both gold and silver.

The combined throughput of Endeavour Silver's three mines is 2477 tpd, and EXK produced 33832 gold equivalent ounces in Q3 2016, and EXK had revenue of close to $42 million USD.  Using the same metal prices for gold and silver as EXK had in Q3 2016, Orvana's 3 mines should operate at 4,222 tpd in Q2 2017, and the total gold equivalent production should be 38888 gold equivalent ounces with revenue of $45,929,000 USD.

That assumes the CIL at Don Mario will be operational in Q2 2017 and that gold and silver recoveries climb to 80 percent.  At EVBC, the MRP should be operating at capacity in Q2, and the ore feed a 80:20 mix of skarn to oxide.  At $2.60 USD copper price, copper would contribute about $8 million USD in revenue.  

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