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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 Fastlane2on Oct 14, 2018 6:13am
68 Views
Post# 28796579

RE:RE:RE:RE:2017 Presentation confirms; this is a trade

RE:RE:RE:RE:2017 Presentation confirms; this is a tradeganndolph, I would hope that every investor would go to SEDAR and open up; ORVANA MANAGEMENTS DISCUSSION AND ANALYSIS FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2018 This is a dangerous investment, go and read the report people, it's there in black and white for all to read and interpret, relying on ganndolph is poor money management. - Revised Guidance: Based on results from the first nine months of fiscal 2018, the Company guidance for gold and copper production are being slightly reduced and increased, respectively. Quarterly consolidated cash operating costs (COC) and all-in sustaining costs (AISC) per ounce of gold sold were $1,027 and $1,291, respectively. The Company expects to achieve its COC guidance for fiscal 2018 but will slightly exceed AISC guidance due to reduced gold production guidance - At June 30, 2018, consolidated cash and cash equivalents were $13.5 million, a decrease of $10.3 million from September 30, 2017. - The following table sets out Orvanas results for the third quarter of fiscal 2018 as well as its fiscal 2018 production and cost guidance. Based on actual results in the first half of fiscal 2018 and revisions to the Companys forecasts for the remainder of fiscal 2018, the Company is making the following adjustments to its guidance: Reduced El Valle gold production guidance range from 65,000 - 72,000 ounces to 55,000 - 62,000 ounces. Increased El Valle copper production guidance range from 4.1 - 4.5 million pounds to 4.9 5.3 million pounds. Increased Don Mario copper production guidance to 3.1 million pounds from 2.0 million - 2.3 million pounds. No further copper production is expected from Don Mario during the remainder of fiscal 2018. Reduced capital expenditure guidance range from $24.0 million - $27.0 million to $21.0 million - $24.0 million. Narrowed the consolidated COC range for fiscal 2018 to be $1,000 - $1,050 per ounce. Increased the consolidated AISC range to $1,250 - $1,300 per ounce, from $1,150 - $1,250, primarily due to lower gold output volumes. YTD
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