US EditionORVANA REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2025
- Orvana Minerals Corp. Released its financial and operational performance data for the second quarter and first half of fiscal year 2025, ending March 31, 2025, in a news announcement dated May 14.
- The report follows ongoing development projects and operational challenges, including the Don Mario Plant expansion and Orovalle's equipment availability and absenteeism issues.
- During H1 FY2025, Orovalle produced 14,424 oz gold and 2.0 million lbs copper, expended $4,091 thousand in capital, and saw a 13% production decline in Q2 due to lower grades and tonnage milled.
- The Don Mario expansion earthworks are complete with 20% of CAPEX paid; full construction depends on securing remaining funding and is expected to finish by end of 2025.
- CEO Juan Gavidia noted that, provided the company obtains the necessary additional funding, the planned increase in operations is expected to begin during the early months of 2026, reflecting steady progress despite existing uncertainties.
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ORVANA REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2025
TSX:ORV
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Leaning Left4Leaning Right5Center14Last UpdatedBias Distribution61% Center
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61% Center
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R 22%
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