TORONTO, ONTARIO--(Marketwired - Sep 29, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") reports that it has filed on SEDAR, the National Instrument 43-101 "Technical Report on the El Valle Boinás - Carlés Operation, Asturias, Spain". This report was filed subsequent to the Company's news release dated August 13, 2014 relating to the updated Mineral Resources and Reserves at the EVBC Operation in Spain. The Technical Report dated September 26, 2014 is also available on Orvana's website at www.orvana.com. About Orvana Orvana Minerals is a multi-mine gold and copper producer. Orvana's operating assets consist of the EVBC gold-copper mines... [...]
TORONTO, ONTARIO--(Marketwired - Sep 9, 2014) - Orvana Minerals Corp. (TSX:ORV) announced that Mr. Michael Winship, President and Chief Executive Officer and Daniella Dimitrov, Chief Financial Officer will be attending the Precious Metals Summit Colorado 2014 in Beaver Creek, Colorado, September 10 to September 12, 2014. Mr. Winship is scheduled to present on Friday, September 12, 2014 at 9:00 a.m. CET. Orvana will also [...]
-- EVBC estimated mine life approximately four years with AISC of $1,100 -- Carlés to be placed on care and maintenance by the end of 2014 -- Orvana to record non-cash impairment charge of $25.5 million in Q3 2014 TORONTO, ONTARIO--(Marketwired - Aug 13, 2014) - Orvana Minerals Corp. ("Orvana" or the "Company") (TSX:ORV) announces that it has received updated mineral resources and reserves estimates (the "MRMR Update") for El Valle-Boinás/Carlés ("EVBC") gold-copper mines in northern Spain, showing a year-over-year decrease in reserves and resources. The Company also received an updated life-of-mine plan (the "LOMP Update") using proven and probable mineral reserves reflecting a shortened mine life based on these updated rese... [...]
TORONTO, ONTARIO--(Marketwired - Aug 13, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announced today financial and operating results for the third quarter ended June 30, 2014 ("Q3 Fiscal 2014"). The Company recorded a net loss of $25.9 million in Q3 Fiscal 2014 compared with net income of $11.3 million in the third quarter of fiscal 2013 and adjusted net income(1) of $0.9 million in Q3 Fiscal 2014 [...]
TORONTO, ONTARIO--(Marketwired - Aug 5, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") will delay its earnings release for the interim fiscal period ended June 30, 2014 to Wednesday, August 13, 2014. The analyst and investor conference call to discuss the Company's financial and operating results, previously scheduled for Friday, August 8, 2014 will now take place on Wednesday, August 13, 2014 at [...]
- Principal Balance of EVBC Loan Now US$17.6 million - Down US$19.8 million - Debt Net of Cash, Cash Equivalents and Restricted Cash Now US$13.7 million TORONTO, ONTARIO--(Marketwired - Jul 23, 2014) - A Correction from Source is issued for the Orvana Minerals press release disseminated on July 17 2014 at 16:52 ET. The Debt Net of Cash, Cash Equivalents and Restricted Cash was erroneously reported as US$15.7 million [...]
- Principal Balance of EVBC Loan Now US$17.6 million - Down US$19.8 million - Debt Net of Cash, Cash Equivalents and Restricted Cash Now US$15.7 million TORONTO, ONTARIO--(Marketwired - Jul 17, 2014) - Kinbauri España S.L.U. ("Kinbauri"), a wholly-owned Spanish subsidiary of Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana"), has begun the accelerated repayment of its loan maturing November 30, 2014 (the "Restructured EVBC Loan") relating to its El-Valle Boinás and Carlés Mines in Spain (the "EVBC Mines") following the restructuring announced June 30, 2014. In July, month to date, Kinbauri has made repayments on its Restructured EVBC Loan from the proceeds of the sale of Copperwood in June, the release from restricted cash ... [...]
- EVBC improves performance compared with fiscal 2014 Q2 - Orvana maintains guidance for gold and copper, lowers guidance for silver TORONTO, ONTARIO--(Marketwired - Jul 16, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") produced 21,532 ounces of gold in the third quarter of fiscal 2014. The following table sets out consolidated operating performance data for the EVBC and Don Mario Mines for the [...]
TORONTO, ONTARIO--(Marketwired - Jul 7, 2014) - Senior management of Orvana Minerals Corp. (TSX:ORV) will host a conference call on Friday, August 8, 2014 at 10 a.m. ET to discuss Orvana's third quarter financial results and to provide an update on its operations. Third Quarter 2014 Results Conference Call and Webcast Date: Friday, August 8, 2014 ...
EVBC Loan to be Repaid by November 30, 2014 New Working Capital Line of US$6.5 million Established TORONTO, ONTARIO--(Marketwired - Jun 30, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announces that Kinbauri España S.L.U. ("Kinbauri"), its wholly-owned Spanish subsidiary, has agreed to restructure its loan agreement maturing September 30, 2016 (the "EVBC Loan") relating to its El-Valle Boinás and Carlés Mines in Spain (the "EVBC Mines"). The initial principal amount of the EVBC Loan was $64 million with proceeds primarily used to complete the construction of the EVBC Mines. The principal balance outstanding on April 2, 2014 was $37.5 million. The amendments, expected to be effective July 11, 2014 (the ... [...]
TORONTO, ONTARIO--(Marketwired - Jun 17, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announces that it has closed the sale of its Copperwood Project ("Copperwood") to Highland Copper Company Inc. ("Highland") through the sale of all of the outstanding shares of Orvana Resources US Corp. ("Orvana US") today, June 17, 2014. On closing, Orvana received a cash payment of US$13,000,000 and a secured [...]
TORONTO, ONTARIO--(Marketwired - Jun 13, 2014) - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announces that Orvana and Highland Copper Company Inc. ("Highland") expect to close the sale of Orvana's Copperwood Project ("Copperwood") to Highland on or before Tuesday, June 17, 2014. All material closing documents have been settled between the parties. The base consideration of US$13,000,000, as described in [...]