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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

Comment by SmilinJuanGon Mar 10, 2021 11:51am
73 Views
Post# 32762975

RE:RE:RE:RE:Orvana tailings reprocessing at EMIPA Bolivia

RE:RE:RE:RE:Orvana tailings reprocessing at EMIPA BoliviaGandork,

that also sounds well and good....................cant wait till 2035 when SmilinJuan and Co. get it done!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ganndolph1 wrote: Kiln,

No. I expect the cost of the tailings recovery project at Don Mario to be similar to Parral's cost of around $18.69 USD per ton or tailings stacked on the heap leach.  Using Parral's target recoveries of 65 percent for gold, 58 percent for silver, and 45 percent for copper, the tailings recovery plant at Don Mario should produce around 6500 ounces of gold per quarter, 125,000 ounces per quarter of silver, and 1000 tons of copper. At current metal prices, tailings revenue would be around $30 million USD per quarter or roughly 2X Parral current revenue.

Parral generated $5.8 million USD in cash flow in fiscal Q1 2021, and my estimate of Don Mario tailings recovery using the same process as Parral is $16.7 million USD per quarter.

Here is a comparison of the average metal values in the respective tailiings:

Project   Parral     Don Mario
Gold      0.273 g/t    0.75 g/t
Silver     43.8  g/t    15 g/t
Copper  478 ppm   5,000 ppm
Zinc     10,100 ppm 8,000 ppm


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