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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Metals & Mining Copper
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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Post by xyz_trader1on Dec 25, 2018 11:38am
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Post# 29156419

ORV.....im in at theis ridiculous low price

ORV.....im in at theis ridiculous low price

Fiscal 2018 Achievements:

  • Record gold production of 103,384 ounces, 14% increase from 90,292 ounces in previous year. Very satisfactory performance was the result of:
    • Much improved mining rates for higher-grade oxides ore due to investments in fleet, crews' skills and general underground infrastructure at El Valle; and
    • Improved recoveries from the CIL circuit, investment in mining fleet, and full production now underway at new Cerro Felix open pit at Don Mario complex.
  • COC and AISC of $1,021 and $1,259, compared to $1,015 and $1,269 for fiscal 2017. Achieved lower range of revised guidance.
  • EBITDA of $13.8 million.
  • Revenue of $145.8 million.
  • Cash balance of $11.6 million as of September 30, 2018.

Read more at https://www.stockhouse.com/news/press-releases/2018/12/21/orvana-reports-2018-record-production-provides-fiscal-year-end-financial#dKj8lWaBv5A2MQlJ.99
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