Orvana Minerals Corp. (TSX:ORV) is pleased to provide production results for the second quarter of fiscal 2019 for its El Valle Mine in Spain and Don Mario Mine in Bolivia.

Q2 FY2019 Highlights:

• Gold output, at 27,302 ounces, on track to meet 2019 guidance
• Gold-equivalent output, at 31,112 ounces, bearing strong Copper performance
• The Company continues to pursue its objectives of lowering unitary cash costs and maximizing free cash flow while increasing its output
• Brownfield and greenfield exploration continues at EMIPA and Orovalle to extend the life of both mines

CEO Juan Gavidia stated, “These mid-year results build upon our record achievements in FY2018 and demonstrates our ability to deliver excellent operational results on a consistent quarter-by-quarter basis. Orvana’s experienced Spanish and Bolivian teams continue to successfully execute on our annual plans and longer-term strategy while maintaining safety and environmental standards”.

El Valle

• Quarterly 17,738 ounces gold production was 7% higher than previous quarter, and 17% higher than same quarter last fiscal year. Better results due to higher ore grade on improved oxides/skarns blending.
• Gold head grade of 3.49 g/t improved, compared to 3.24 g/t reported in Q1 FY2019.
• Copper production was 1.44 million pounds, compared to 1.37 million pounds in Q1 FY2019.
• Mine exploration activities continue to focus on high-grade oxides areas to ensure optimum feed blending for years to come.

Don Mario

• Quarterly 9,564 ounces gold production was 11% lower than previous quarter, but similar to same quarter last fiscal year. Year-to-date results are on track to meet FY2019 Guidance and are also consistent with planned lower ore grade. 
• Gold recovery of 94.0% was in line with 94.1% recovery in Q1 FY2019.
• Engineering to develop a Sulphidization-Acidification-Recycling-Thickening “(SART”) circuit, and associated leach pad, continues to progress. This undertaking is designed to add an additional three years of mine life, starting in FY2021, for Don Mario.
• Mine exploration activities are focused on completing Las Tojas open pit infill drilling in order to complete tonnage/grade for FY2020 mine plan.

Production Results

Financial Performance

Second Quarter costs and financial highlights to be available by mid-May, 2019.

About Orvana

Orvana is a multi-mine gold and copper producer. Orvana’s operating assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain and the producing Don Mario gold mine in Bolivia.