Orvana Announces Third Quarter Production of 18,471 AuEq Oz and Provides Exploration Results at Orovalle
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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 res
Orvana Reports Q2 2021 Consolidated Financial Results
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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:
Orvana Announces 2nd Quarter Production of 14,197 AuEq Oz & Provides Exploration Update
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TORONTO, April 15, 2021 /CNW/ -
Orvana Minerals Corp. (TSX: ORV) (the Company or Orvana ) today announced production results for the second quarter of fiscal 2021 ( Q2 2021 ) and exploration results for the first half of fiscal 2021 ( H1 2021 ) at OroValle, Spain.
Juan Gavidia, CEO of Orvana Minerals stated: While we are on track to deliver on our production guidance for fiscal 2021, we are also pleased to report that exploration at OroValle continues to produce positive results, enhancing our current 5-Year Life-of-Mine Plan. OroValle s future has never looked brighter than today. Completing Orvana s big pictu
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