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 stevemeisteron May 03, 2017 1:18am

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Post# 26196463

Less ore milled higher gold production for Q2

Costs for Q2 should start to decrease as higher grade gold at all three mines increased with less tonnes milled. The new CIL circuit and dore production was only online for the last 9 weeks of Q2.

Q1 ore milled 340,00 tonnes milled Q2 307,852 tonnes milled

Ore grade from the tree mines increased Q1 1.97 g/t to Q2 2.55 g/t. Don Mario's grade jumped from Q1 1.73 g/t to 2.50 g/t

Expect higher gold production for Q3 as higher newer grade zones are being mined.

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