Orvana Reports Q2 2021 Consolidated Financial Results
Q2 2021 Consolidated Highlights:
On track to meet FY2021 guidance of 50,000-55,000 gold ounces and 7.0-8.5 million copper pounds.
Production of 14,197 gold equivalent ounces (10,785 gold ounces, 1.4 million copper pounds and 35,206 silver ounces).
7,686 gold ounces and 0.8 million copper pounds produced in stock as at March 31, 2021.
Revenue of $19.7 million; Average realized gold price per ounce of $1,822 and copper price per pound of $3.74.
EBITDA of $2.7 million.
Cash balance of $13.4 million as at March 31, 2021.
Cash Operating Costs ("COC") and All in Sustaining Costs ("AISC") of $1,193 and $1,769.
Juan Gavidia, CEO of Orvana Minerals stated:
"I am very proud that our field teams in Spain, Argentina and Bolivia were able to deliver on results, as expected, notwithstanding COVID-related logistical restrictions and execution risks. With Spain's steady cash-flow, Argentina's progress in expanding its mineral resource, and Bolivia advancing with its final phase of metallurgical testing; Orvana is on target to meet its strategic objectives for FY2021."