PR Newswire
TORONTO, May 14, 2019
HIGHER GOLD PRODUCTION AND LOWERED CONSOLIDATED UNITARY COSTS
ON TRACK TO DELIVER 2019 PRODUCTION GUIDANCE
PURCHASE AGREEMENT TO ACQUIRE
TAGUAS GOLD PROPERTY, SAN JUAN, ARGENTINA
All Amounts in US Dollars Unless Otherwise Stated
Second Quarter Fiscal 2019 Highlights:
TORONTO, May 14, 2019 /PRNewswire/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announced today financial and operational results for the second quarter of fiscal 2019 ("Q2 2019"). The Company is also providing financial and operational updates for its El Valle and Carlés Mines (collectively, "El Valle") operations in northern Spain, and for its Don Mario Mine operations in Bolivia.
The unaudited condensed interim consolidated financial statements for Q2 2019 and Management's Discussion and Analysis related thereto are available on SEDAR and on the Company's website at www.orvana.com.
The Company is pleased to report the following positive developments in Q2 2019:
Juan Gavidia, CEO of Orvana Minerals stated: "Having already established a track record of consistent operational performance, Orvana is now clearly delivering on unitary costs, and profitability metrics. Once again, we must give recognition to our local teams in Spain and Bolivia for their continued outstanding contribution, while keeping operational safety measures as its overriding principle. We are firmly committed to delivering on our production guidance and ensuring extended mine lives for our assets in Spain and Bolivia. We look forward to updating our shareholders in the near future."
The following table sets out Orvana's fiscal 2019 guidance as well as its fiscal 2018 production and results:
Selected Consolidated Operational and Financial Information
| Q2 2019 | Q1 2019 | Q2 2018 | YTD 2019 | YTD 2018 |
Operating Performance | | | | | |
Gold | | | | | |
Grade (g/t) | 2.54 | 2.54 | 2.54 | 2.54 | 2.55 |
Recovery (%) | 93.2 | 93.5 | 92.2 | 93.3 | 91.1 |
Production (oz) | 27,306 | 27,272 | 24,788 | 54,578 | 47,960 |
Sales (oz) | 25,507 | 27,466 | 25,489 | 52,973 | 47,484 |
Average realized price / oz | $1,299 | $1,226 | $1,304 | $1,261 | $1,293 |
Copper | | | | | |
Grade (%) | 0.49 | 0.48 | 0.57 | 0.49 | 0.60 |
Recovery (%) | 78.1 | 75.9 | 63.0 | 77.0 | 63.1 |
Production ('000 lbs) | 1,441 | 1,375 | 2,609 | 2,816 | 5,368 |
Sales ('000 lbs) | 1,531 | 1,400 | 2,531 | 2,931 | 5,231 |
Average realized price / lb | 2.80 | $2.81 | $2.80 | 2.80 | $2.81 |
Financial Performance (in 000's, except per share amounts) | | | | | |
Revenue | $36,013 | $36,318 | $36,930 | $72,331 | $71,100 |
Mining costs | $27,512 | $30,595 | $30,525 | $58,107 | $58,585 |
Gross margin | $3,930 | $865 | ($394) | $4,795 | $64 |
Net income (loss) 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 |