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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 AlfTanneron Aug 11, 2017 4:04am
150 Views
Post# 26569662

Loss of -$.03 per share in Q3

Loss of -$.03 per share in Q3
This company is a long term loser that never seems to be able to make a profit.  I looked at the numbers a couple of weeks ago, and that was my conclusion.  I was told that this quarter would be different because of the great producton results, but that was not the case.  Depreciation is part of the game, and it must not be ignored.  There are a lot of capital costs involved in mining, and you do not get to report a profit unless you cover those capital costs.  Investors are wary of money losing mining stocks.  If you want a mining stock to have value, it must have a P/E ration (with empahsis on the "E".
Bullboard Posts