Orvana Minerals Corp T.ORV

1st quarter financials estimate

[JUANTOTHESTARS2]

Key Metrics Derived from Q1 FY2025 Data

1. Gold Production Revenue:

   • Gold ounces: 7,631
   • Price per ounce (Q1 FY2025): $2,661.61
     Estimated Revenue from Gold: $7,631 \times 2,661.61 \approx \$20.32 \text{ million}$

2. Copper Production Revenue:

   • Copper production: 1,068 K lbs
   • Price per lb (Q1 FY2025): $4.16
     Estimated Revenue from Copper: $1,068 \times 4.16 \approx \$4.45 \text{ million}$

3. Silver Production Revenue:

   • Silver production: 33,306 oz
   • Price per ounce (Q1 FY2025): $31.34
     Estimated Revenue from Silver: $33,306 \times 31.34 \approx \$1.04 \text{ million}$

4. Gold Equivalent Ounces (GEO):

   • GEO produced: 9,694
   • Average price per GEO (calculated as a weighted average): Approximately $2,661.61
     Estimated GEO Revenue: $9,694 \times 2,661.61 \approx \$25.80 \text{ million}$

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Comparisons with Q1 FY2024 and Q4 FY2024

• Gold:

  • Q1 FY2025 production (7,631 oz) is slightly lower than Q1 FY2024 (7,994 oz) and Q4 FY2024 (9,888 oz).
  • Revenue impact is mitigated by higher gold prices in Q1 FY2025 compared to both Q1 FY2024 and Q4 FY2024.

• Copper:

  • Q1 FY2025 production (1,068 K lbs) exceeds Q1 FY2024 (702 K lbs) and Q4 FY2024 (961 K lbs).
  • Higher copper production paired with stable pricing boosts revenue.

• Silver:

  • Q1 FY2025 production (33,306 oz) shows growth compared to Q1 FY2024 (20,393 oz) and Q4 FY2024 (29,864 oz).

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High-Level Q1 FY2025 Financial Estimate

Metric	Q1 FY2025
Gold Revenue	$20.32M
Copper Revenue	$4.45M
Silver Revenue	$1.04M
Total Revenue	$25.81M

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Assumptions:

1. Operating costs, margins, and other expenses are consistent with prior quarters or industry norms.
2. The GEO calculation weights reflect average market prices.