Business
Orvana Continues to Deliver Results in the First Quarter 2015 and Reaffirms 2015 Production Guidance
TSX:ORV Production of 22,195 ounces of gold and 7.0 million pounds of copper, an incr...
About this update from Orvana Minerals Corp.
[{"type":"text","content":"\n\nTSX:ORV\n\n\nProduction of 22,195 ounces of gold and 7.0 million pounds of copper, an increase of 18% and 48%, respectively, compared with the first quarter of fiscal 2014 \nGold equivalent production of approximately 41,545 ounces \nCash of $18.1 million and total debt of $3.5 million as at December 31, 2014 \n\n\nTORONTO, Jan. 16, 2015 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the \"Company\" or \"Orvana\") is pleased to provide the following estimated operating and financial performance results for the EVBC Mine in Spain and the Don Mario Mine in Bolivia for the first quarter of fiscal 2015.  Dollar amounts are in U.S. dollars unless stated otherwise. \n\n\n\n\n\n\n\n\nOrvana Production\n\n\nQ1 FY2014 (ended Dec 31/13)\n\n\nQ1 FY2015 (ended Dec 31/14)\n\n\n\n\nEVBC\n\n\nDonMario\n\n\nTotal\n\n\nEVBC\n\n\nDonMario\n\n\nTotal\n\n\n\n\n\n\n\n\n\n\n\nMilled Tonnes (dmt)\n\n\n180,713\n\n\n206,416\n\n\n387,129\n\n\n140,946\n\n\n221,730\n\n\n362,676\n\n\n\nGold\n\n\n\n\n\n\n\n\n\nGrade (g/t)\n\n\n2.62\n\n\n1.48\n\n\n2.01\n\n\n3.60\n\n\n1.83\n\n\n2.52\n\n\n\nRecovery (%)\n\n\n92.0\n\n\n49.7\n\n\n69.5\n\n\n93.5\n\n\n53.1\n\n\n68.8\n\n\n\nProduction (oz)\n\n\n13,988\n\n\n4,867\n\n\n18,855\n\n\n15,276\n\n\n6,919\n\n\n22,195\n\n\n\nSales (oz)\n\n\n14,954\n\n\n4,659\n\n\n19,613\n\n\n14,076\n\n\n7,584\n\n\n21,660\n\n\n\nCopper \n\n\n\n\n\n\n\n\n\nGrade (%)\n\n\n0.40\n\n\n1.38\n\n\n0.92\n\n\n0.71\n\n\n1.40\n\n\n1.13\n\n\n\nRecovery (%)\n\n\n79.3\n\n\n55.3\n\n\n66.5\n\n\n84.0\n\n\n75.2\n\n\n78.6\n\n\n\nProduction (000's lbs) \n\n\n1,258\n\n\n3,461\n\n\n4,719\n\n\n1,845\n\n\n5,145\n\n\n6,990\n\n\n\nSales (000's lbs)\n\n\n1,412\n\n\n2,986\n\n\n4,398\n\n\n1,588\n\n\n5,345\n\n\n6,933\n\n\n\nSilver\n\n\n\n\n\n\n\n\n\nGrade (g/t)\n\n\n7.23\n\n\n53.57\n\n\n31.94\n\n\n12.52\n\n\n20.39\n\n\n17.33\n\n\n\nRecovery (%)\n\n\n80.5\n\n\n61.6\n\n\n70.4\n\n\n77.5\n\n\n62.9\n\n\n68.6\n\n\n\nProduction (oz)\n\n\n33,838\n\n\n218,992\n\n\n252,830\n\n\n43,946\n\n\n91,359\n\n\n135,305\n\n\n\nSales (oz)\n\n\n37,565\n\n\n180,451\n\n\n218,016\n\n\n37,566\n\n\n109,573\n\n\n147,139\n\n\n\n\n\n\n\n\n\n\n\nCOC ($/oz) Gold (1) (2)\n\n\n884\n\n\n794\n\n\n656\n\n\n961\n\n\n845\n\n\n700\n\n\n\nAISC ($/oz) Gold (1) (2)\n\n\n1,116\n\n\n911\n\n\n948\n\n\n1,268\n\n\n925\n\n\n980\n\n\n\n\n(1)\n\n\nThe Company is reporting estimated cash operating costs (\"COC\")...