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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

Post by JUANTOTHESTARS2on Jul 17, 2024 6:56pm
125 Views
Post# 36137513

Q3 financials estimate revenue

Q3 financials estimate revenue

1. Gold Equivalent Production Calculation

Gold equivalent ounces (GEO) are provided directly:

  • Q3 FY2024: 13,078 GEO

2. Revenue Estimation

We'll estimate revenue by multiplying the gold equivalent ounces produced by the average market price for each metal.

Prices:

  • Gold: $2,337.99/oz
  • Silver: $28.86/oz
  • Copper: $4.42/lb

Production for Q3 FY2024:

  • Gold: 10,832 oz
  • Silver: 30,872 oz
  • Copper: 986,000 lbs (or 986 tons)

Revenue Calculation:

  1. Gold Revenue:

    Gold Revenue=10,832oz×$2,337.99/oz=$25,311,565.28\text{Gold Revenue} = 10,832 \, \text{oz} \times \$2,337.99/\text{oz} = \$25,311,565.28
  2. Silver Revenue:

    Silver Revenue=30,872oz×$28.86/oz=$892,145.52\text{Silver Revenue} = 30,872 \, \text{oz} \times \$28.86/\text{oz} = \$892,145.52
  3. Copper Revenue:

    Copper Revenue=986,000lbs×$4.42/lb=$4,357,320\text{Copper Revenue} = 986,000 \, \text{lbs} \times \$4.42/\text{lb} = \$4,357,320

Total Revenue:

Total Revenue=$25,311,565.28+$892,145.52+$4,357,320=$30,561,030.80\text{Total Revenue} = \$25,311,565.28 + \$892,145.52 + \$4,357,320 = \$30,561,030.80

These calculations provide a rough estimate of financial performance for Q3 FY2024. For precise forecasting, you should adjust based on exact cost structures, market conditions, and any other financial data available.

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