TSX:ORV First Quarter of Fiscal 2018 Highlights: Quarterly gold production of 23,172 ounces and copper production of 2.8 million pounds; El Valle oxide production increased to 37% of mill ore feed; Consolidated COC and AISC of $999 and $1,253, respectively; EBITDA of $4.2 million; Cash balance of $20.6 million at December 31, 2017. Fiscal 2018 Outlook: El Valle transition to higher gold grade oxide mining continues [...]
TSX:ORV TORONTO, Jan. 31, 2018 /CNW/ - Orvana Minerals Corp. announces that the board of directors has accepted the resignation of Mr. James Gilbert as Chairman and Chief Executive Officer as well as a director of Orvana. Mr. Gilbert has decided to pursue other opportunities. Effective immediately, the Board has appointed Mr. Juan Gavidia as the Interim Chief Executive Officer and Mr. Gordon Pridham, currently Lead [...]
TSX:ORV TORONTO, Jan. 19, 2018 /CNW/ - Orvana Minerals Corp. today provided the following production results for the El Valle Mine in Spain and Don Mario Mine in Bolivia for the first quarter of fiscal 2018 . Consolidated quarterly gold production of 23,172 ounces, full-year guidance maintained; El Valle: Q1 2018 gold production decreased by 29%, compared to Q4 2017 primarily due to slower than expected oxide development [...]
TSX:ORV TORONTO, Dec. 21, 2017 /CNW/ - Orvana Minerals Corp. announces that it has made a grant of stock options under its stock option plan to certain of its directors and executives to acquire a total of 3,108,237 common shares of the Company . All of the options are exercisable at a price of $0.21 per Common Share. The initial one-third of the options will vest on the first year anniversary of the option grant, the [...]
Fiscal 2017 achievements: Record annual gold production of 90,292 ounces, increase of 37% compared to fiscal 2016 due to investments in re-commissioning CIL circuit at Don Mario and reaching consistent nameplate plant throughput at El Valle; COC and AISC of $1,015 and $1,269, respectively, better than guidance; EBITDA of $16.5 million, compared to $4.4 million in fiscal 2016; Revenue increased by $44.1 million to $138.0 [...]
TSX:ORV TORONTO, Nov. 27, 2017 /CNW/ - Orvana Minerals Corp. is pleased to announce the results of a twelve month infill drilling campaign during fiscal 2017 at its El Valle and Carlés Mines in northern Spain. The drilling program consisted of 209 diamond drill holes totaling approximately 23,000 meters at the El Valle Mine and 45 DD holes totaling approximately 2,700 m at the Carlés Mine. A core objective [...]
TSX:ORV TORONTO, Oct. 16, 2017 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is providing the following production results for the El Valle Mine ("El Valle") in Spain and Don Mario Mine ("Don Mario") in Bolivia for the fourth quarter of fiscal 2017 ("Q4 2017") and full year fiscal 2017 ("FY 2017"). 90,292 gold ounces produced met FY 20017 guidance; Record consolidated quarterly gold production of [...]
TORONTO, Sept. 15, 2017 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to announce that Mr. James Gilbert, Chairman and Chief Executive Officer, and Mr. Jeffrey Hillis, Chief Financial Officer, will be attending the Precious Metals Summit at Beaver Creek, Colorado from September 18-20, 2017. Mr. Gilbert will be presenting on Wednesday, September 20, 2017 at 11:45 a.m. (MT). A webcast of [...]
TSX:ORV Fiscal 2018 gold production guidance of 110,000 to 120,000 ounces, an increase of 25% over 2017 COC and AISC of $950-1050 and $1150-1250 respectively a decrease of 10% compared to 2017 El Valle Transitioning to higher grade oxide mining Don Mario transitioning to Cerro Felix by Q3 2018 TORONTO, Sept. 13, 2017 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to issue its production [...]
TSX:ORV Third Quarter 2017 achievements: Record quarterly gold production of 26,414 ounces, increase of 65% from Q2 2016; Gold equivalent production of approximately 35,292 ounces during Q3 2017; Revenue increased by $10.7 million to $36.7 million, up 41% compared to Q3 2016; EBITDA up by $2.3 million compared to Q3 2016; Cash balance of $18.5 million at June 30, 2017, up from $14.2 million at March 31, 2017; COC and [...]
TSX:ORV TORONTO, July 17, 2017 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is providing the following production results for the El Valle Mine ("El Valle") in Spain and Don Mario Mine ("Don Mario") in Bolivia for the third quarter of fiscal 2017 ("Q3 2017"). Record consolidated quarterly gold production of 26,414 ounces; Consolidated gold equivalent production of 35,292 ounces in Q3 2017 [...]
TSX:ORV TORONTO, July 4, 2017 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to provide an update on its efforts to extend the life of its Don Mario operation in Bolivia. Further, the Company announces that it has arranged debt financing in the aggregate amount of US$11.3 million (the "Facilities") from Banco BISA S.A. ("BISA") in Bolivia. The primary use of these proceeds will be used to [...]