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:
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
Don Mario
Production Results
Q2 2019 | Q1 2019 | Q2 2018 | FY 2019 | |||||||
El Valle |
Don Mario |
Total | El Valle |
Don Mario |
Total | El Valle |
Don Mario |
Total | Guidance | |
Ore milled (tones) | 170,435 | 188,606 | 359,041 | 170,399 | 186,996 | 357,395 | 150,966 | 178,698 | 329,664 | |
Gold Equivalent (oz) | 21,435 | 9,677 | 31,112 | 20,186 | 10,802 | 30,988 | 19,022 | 12,883 | 31,905 | |
Gold | ||||||||||
Grade (g/t) | 3.49 | 1.68 | 2.54 | 3.24 | 1.90 | 2.54 | 3.36 | 1.84 | 2.54 | |
Recovery (%) | 92.7 | 94.0 | 93.4 | 93.2 | 94.1 | 93.7 | 92.9 | 91.3 | 92.2 | |
Production (oz) | 17,738 | 9,564 | 27,302 | 16,546 | 10,726 | 27,272 | 15,139 | 9,649 | 24,788 | 100,000 – 110,000 |
Copper | ||||||||||
Grade (%) | 0.49 | 0.48 | 0.48 | 0.48 | 0.51 | 0.62 | 0.57 | |||
Recovery (%) | 78.1 | 78.1 | 75.9 | 75.9 | 80.4 | 50.3 | 63.0 | |||
Production (K lbs) | 1,442 | 1,442 | 1,375 | 1,375 | 1,372 | 1,237 | 2,609 | 3,200 – 3,600 |
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.
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