Perfect storm brewing Q3 and Q4 financials Higher production, better grades, better recoverys, higher price of metals. The perfect storm brewing for a great Q3 financial in August? Plus the Juan says "he believes Orvalle can continue increasing production levels. "
Juan Gavidia, CEO of Orvana stated: "We are pleased with the operational recovery at Orovalle after a challenging first half of the year. We have achieved a quarterly production of more than 150,000 tonnes, improving at the same time gold grade and recovery. We believe that Orovalle can continue increasing production levels, at the same time that we maintain our focus on safe and efficient operations".
Q3 FY2024 Production Results
- The mill processed approximately 150,843 tonnes, 11% higher than the prior quarter.
- Gold production was 39% higher than the prior quarter due to higher tonnage milled, better grade and recovery.
Q3 FY2024: $2,337.99/oz Au, $28.86/oz Ag, $4.42/lb Cu
Q2 FY2024: $2,071.76/oz Au, $23.36/oz Ag, $3.83/lb Cu
Q4 Going to be higher on all metals