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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.


TSX:ORV - Post by User

Orvana Minerals Corp
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Comment by ganndolphon Nov 05, 2017 11:17am
103 Views
Post# 26908214

RE:RE:RE:RE:RE:RE:RE:RE:RE:10 Top Reasons to BUY ORV Right Now!!! Reason #5

RE:RE:RE:RE:RE:RE:RE:RE:RE:10 Top Reasons to BUY ORV Right Now!!! Reason #52fast4uI,

You are right.  GPL reported an AISC per silver ounce of $13.75, and a realized silver price of $16.99 USD. And their management's discussion and analysis starts out with a table showing their $5.82 per ounce cash cost per ounce of silver. 
Quite impressive at first glance, and it is almost enough to make you think that GPL is a low cost producer.

They sold 552,218 ounces of silver times $16.99 USD per ounce to generate silver revenue of $9,383,000 USD, right?
Wrong answer!  You have to subtract the smelting and refining charge of $1,298,000 USD which gets you down to adjusted silver revenue of $8,085,000 USD or $14.64 USD per ounce of silver sales.  That is what they take in on a by product basis.

So the margin per ounce of silver is only 89 cents on 552,218 ounces, so they made $492,000 on an AISC by product basis.
Then when you add in non sustaining exploration costs, and the care and maintenance expense for CMC in Peru, the tiny profit turns into a loss of $666,000 USD.
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