Orvana stops work at El Valle plant after rockfallhttps://www.stockwatch.com/News/Item/Z-C!ORV-3126026/C/ORV
Orvana stops work at El Valle plant after rockfall
2021-08-16 07:46 ET - News Release
Mr. Juan Gavidia reports
ORVANA REPORTS EL VALLE PLANT TEMPORARY STOPPAGE
A rockfall has occurred at a legacy open-pit wall at Orvana Minerals Corp.'s El Valle. The fallen material impacted the east sector of the tailings storage facility (TSF), without structural damages. No individuals were harmed, and no environmental damages have been identified.
Juan Gavidia, chief executive officer of Orvana Minerals, stated: "Once safety and environmental confidence assessments are reassured, plant operations should restart in the following days. Underground mining operations continues stockpiling ore until processing resumes." The legacy open-pit wall sector, where the failure occurred, has been under review in the past, which caused the relocation of a district road running at the top of the wall in question. The company is working, with dedicated internal and external teams, to design a definitive geotechnical wall treatment for the long term, now that the district road has been finally relocated. Underground facilities are unrelated to the legacy open-pit wall, so mining activities continue operating under normal conditions. Plant facilities are also physically unrelated, except for tailings pumping circuits. A temporary stoppage of activities at the plant facilities has been implemented to assess for corrective measures related to the tailings pumping circuits. The TSF's east sector is also under review. Mining authorities were duly notified as a matter of course. The company will provide further updates as material developments occur.
On another note, this trinquet of info could help balance any production shortfalls that may come from the delay in loading the pads.
From the Q3 Financials.
6,972 gold ounces and 600,000 copper pounds produced in stock as at June 30, 2021;
They could sell some of this already produced stock to make up for any time delay losses. luckily they are still mining and stockpiling ore.