TSX:ORV
OTCQX: ORVMF
TORONTO, July 16, 2026 /CNW/ -- Orvana Minerals Corp. (TSX: ORV) (OTCQX: ORVMF) ("Orvana" or the "Company") is pleased to report production results for the third quarter of fiscal year 2026, ended June, 2026 ("Q3 FY2026") and provide an update on the Oxides Stockpile Project at its Don Mario operation in Bolivia.
"This is a pivotal moment for Orvana," said Juan Gavidia, Chief Executive Officer of Orvana. "Following the completion of all preparations for oxide ore processing at EMIPA, we expect to begin ramping up production in Bolivia in the coming days. Achieving continuous production from both our Bolivia and Spain operations marks an important milestone for the Company and is expected to position Orvana to deliver increased value to our shareholders in the years ahead," he added.
Highlights:
Consolidated production of 10,833 of Gold Equivalent Ounces ("GEO")(1) during Q3 FY2026, comprised of 9,656 gold ounces, 0.64 million pounds of copper and 19,487 silver ounces.
Logistics disruptions in Bolivia during Q3 FY2026 resulted in a delay to the originally anticipated start-up schedule for the OSP. Consequently, EMIPA did not record any production during the third quarter, and Orovalle, the Company's operation in Spain, was the sole producing asset during Q3 FY2026.
During July 2026, the Company completed all preparations required to commence oxide ore processing in Bolivia, including the receipt of all necessary supplies and the final preparation of the processing circuits. With all circuits operational and supplies in place, the Company expects to begin feeding oxide ore into the plant in the coming days.
Certain statements in this news release, including statements regarding ramp-up and production expectations, constitute forward-looking information. See "Cautionary Statements – Forward-Looking Information" below.
Orovalle:
Orovalle is on track to meet FY2026 production guidance, based on results to date and current operating assumptions (see "Cautionary Statements – Forward-Looking Information").
The mill processed approximately 131,244 dry tonnes during Q3 FY2026, in line with the prior quarter.
9,656 gold ounces produced in Q3 FY2026, 14% higher than the previous quarter due to 13% higher head grade and 1% higher tonnes milled.
0.6 million copper pounds produced in Q3 FY2026, 17% lower than the previous quarter due to 7% lower grade and 11% lower recoveries, slightly off-set by 1% higher tonnes milled.
Quarter–over–quarter grade movements reflect changes in oxide and skarn proportions associated with ore extraction and blending sequencing.