TORONTO, ONTARIO -- (Marketwire) -- 11/04/10 -- Orvana Minerals Corp. (TSX: ORV), through its wholly-owned subsidiary, Orvana Resources US Corp ('ORVANA USA'), announced today the start of an 8,000-foot (2,500 metre) drill program at its Copperwood copper project, Upper Peninsula, Michigan, USA. The purpose of the drilling is 1) upgrade resources along the eastern, western, and northeastern edges of the Copperwood
TORONTO, ONTARIO -- (Marketwire) -- 10/29/10 -- Orvana Minerals Corp. (TSX: ORV) has been notified that, commencing on November 8, 2010, Bolivia's Authority for the Supervision and Social Control of Companies ('AEMP'), an agency of the Bolivian central government, will conduct an audit of the legal, financial and accounting information of Orvana's Bolivian subsidiary, Empresa Minera Paititi S.A. ('EMIPA'), which owns
TORONTO, ONTARIO -- (Marketwire) -- 10/20/10 -- Orvana Minerals Corp. ('Orvana' or 'the Company') (TSX: ORV) is pleased to announce that all substantive permits are now confirmed for the El Valle-Boinas/Carles ('EVBC') gold/copper mine in Asturias, Spain. On October 18, 2010, the Company's 100%-owned Spanish subsidiary, Kinbauri Espana S.L.U. ('Kinbauri'), received the final substantive permit, the Autorizacion
TORONTO, ONTARIO -- (Marketwire) -- 10/12/10 -- Orvana Minerals Corp. ('Orvana' or 'the Company') (TSX: ORV) is pleased to announce that it has closed a US $50 million five-year term corporate debt facility with Credit Suisse AG ('Credit Suisse'). Funds will be used to complete construction of Orvana's gold/copper project, El Valle-Boinas/Carles ('EVBC') in Spain and for general corporate purposes. Cost of the facility
TORONTO, ONTARIO -- (Marketwire) -- 09/13/10 -- Orvana Minerals Corp. (TSX: ORV) announced today the highlights of their 43-101-compliant Preliminary Economic Assessment of the Copperwood copper project, Upper Peninsula, Michigan, USA. The study contemplates a 10-year underground operation that applies room-and-pillar mining. A trade-off study determined that the most economic mining method is the use of a continuous
- 10-year mine life with annualized production of nearly 19,000 oz gold, over 600,000 oz silver and nearly 8,000 tonnes copper over first 5 years- IRR of 81% and NPV(10%) of US$43.6 million after tax
TORONTO, ONTARIO -- (Marketwire) -- 08/13/10 -- Orvana Minerals Corp. (TSX: ORV) announced operating results today for the third quarter ended June 30, 2010. Dollar amounts are in U.S. dollars unless stated otherwise, and fine troy ounces of gold are referred to as 'ounces'. Highlights for the third quarter ended June 30, 2010 are:
TORONTO, ONTARIO -- (Marketwire) -- 08/11/10 -- Orvana Minerals Corp. ('Orvana') (TSX: ORV) has scheduled a conference call for analysts and investors to discuss its Third Quarter 2010 financial results and provide an update on Orvana on Monday, August 16 at 10:00am Eastern Time. A news release on the results will be issued after market close on August 13, 2010.
TORONTO, ONTARIO -- (Marketwire) -- 07/22/10 -- Orvana Minerals Corp. ('Orvana') (TSX: ORV) is pleased to announce that it has signed a term sheet with Credit Suisse AG ('CS') for a US $50 million five-year term corporate debt facility. Funds will be used to complete construction of Orvana's gold/copper project, El Valle-Boinas/Carles ('EVBC') in Spain and for general corporate purposes. Cost of the facility, including
- 7-year mine production schedule with annualized production over 100,000 ounces gold and 3,900 tonnes copper- The base-case, pre-tax cash flow analysis using Orvana's long-term metal prices results in an IRR of 48% and a NPV (5%) of $91.1M.(i)
TORONTO, ONTARIO -- (Marketwire) -- 07/08/10 -- Orvana Minerals Corp. (TSX: ORV) announced today that it has resolved the arbitration proceedings commenced against its wholly-owned subsidiaries, Orvana Minerals Asturias Corp. ('Orvana Asturias') and Kinbauri Espana, S.L., by Glen Eagle Resources Inc. ('Glen Eagle'). Orvana Asturias was created by the amalgamation of Orvana Minerals Acquisition Corp and Kinbauri Gold
TORONTO, ONTARIO -- (Marketwire) -- 07/05/10 -- Orvana Minerals Corp. ('Orvana') (TSX: ORV) is sad to report that a contractor to Kinbauri Espana, S.L.U. ('Kinbauri'), Orvana's subsidiary in Spain, was fatally injured when his excavator overturned in an unfortunate accident on July 1,2010. Ceferino Gracia Sanchez was employed with Sanchez y Lago, one of Spain's largest construction companies. Immediately following the