PR Newswire
TORONTO, Nov. 26, 2019
All Amounts in US Dollars Unless Otherwise Stated
Fiscal 2019 Consolidated Highlights:
TORONTO, Nov. 26, 2019 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announced today financial and operational results for the fourth quarter ("Q4 2019") and for the fiscal year ended September 30, 2019 ("Fiscal 2019). The Company is also providing financial and operational updates for its El Valle and Carlés Mines operations in northern Spain (managed by the Spanish subsidiary "OroValle") and for its Don Mario Mine operations in Bolivia (managed by the Bolivian subsidiary "EMIPA").
The audited consolidated financial statements for Fiscal 2019 ("2019 Financials") and Management's Discussion and Analysis related thereto ("2019 MD&A") are available on SEDAR and on the Company's website at www.orvana.com.
Fiscal 2019 Highlights:
Fiscal 2020 Primary Objectives:
Juan Gavidia, CEO of Orvana Minerals stated: "We are very pleased to report that OroValle has reached sustainable levels of operation with a trend of lowering unitary costs year over year. We are also excited with our current exploration targets in and around the El Valle and Carlés Mines, as well as regional targets at the Lidia and Ortosa-Godan permits, which are anticipated to add mineral reserves and resources to OroValle's current mine life". Mr Gavidia continued, "As for the EMIPA operations, we are diligently working to develop final engineering and financing for the Oxides Stockpile Project, and we would expect that processing operations will resume in FY2021. In addition, we are also conducting studies on the reprocessing of the tailings to extend the mine-life at Don Mario."
The Company is pleased to provide fiscal 2019 results and 2020 guidance:
| FY 2019 Guidance (1) | FY 2019 Actual | FY 2020 Guidance (2) |
El Valle Production | | | |
Gold (oz) | 62,000 – 68,000 | 64,327 | 60,000 – 65,000 |
Copper (million lbs) | 3.2 – 3.6 | 5.0 | 5.5 – 6.0 |
Don Mario Production | | | |
Gold (oz) | 38,000 – 42,000 | 32,932 | 2,000 – 3,000 |
Total Production | | | |
Gold (oz) | 100,000 – 110,000 | 97,259 | 62,000 – 68,000 |
Copper (million lbs) | 3.2 – 3.6 | 5.0 | 5.5 – 6.0 |
Capital Expenditures | | | |
El Valle | | $8,333 | $9,000 – $10,000 |
Consolidated | $12,000 – $13,500 | $11,261 | $9,000 – $10,000 |
Cash operating costs (by-product) ($/oz) gold (1) (2) | | | |
El Valle | | $1,004 | $900– $1,000 |
Consolidated | $950 – $1,050 | $1,094 | $1,000– $1,100 |
All-in sustaining costs (by-product) ($/oz) gold (1) (2) | | | |
El Valle | | $1,185 | $1,100– $1,200 |
Consolidated | $1,150 – $1,250 | $1,253 | $1,250– $1,350 |
(1) | Fiscal 2019 Guidance assumptions for COC and AISC included by-product commodity prices of $2.75 per pound of copper and |
(2) | Fiscal 2020 Guidance assumptions for COC and AISC include by-product commodity prices of $2.60 per pound of copper and |
Selected Consolidated Operational and Financial Information
| Q4 2019 | Q3 2019 | Q4 2018 | FY 2019 | FY 2018 |
Operating Performance | | | | | |
Gold | | | | | |
Grade (g/t) | 2.17 | 2.08 | 2.72 | 2.34 | 2.61 |
Recovery (%) | 89.9 | 93.8 | 92.3 | 92.6 | 91.7 |
Production (oz) | 21,985 | 20,696 | 28,661 | 97,259 | 103,384 |
Sales (oz) | 20,987 | 22,579 | 28,044 | 96,540 | 102,018 Werbung Mehr Nachrichten zur Orvana Minerals Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |