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ORVANA REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2025

Orvana Minerals Corp. Reported its Q1 FY2025 results, indicating a net income of $1,426,000, improved from a net loss of $2,633,000 in the previous quarter.
The company's subsidiary, Orovalle, produced 9,694 gold equivalent ounces in Q1 FY2025, reflecting an 18% decrease due to a 15% reduction in tonnage milled, attributed to high absenteeism and lack of maintenance personnel.
Construction for the Don Mario Plant expansion in Bolivia is 7.6% complete as of January 31, 2025, with expectations for completion by the end of 2025, pending funding during the first half of 2025.
CEO Juan Gavidia expressed optimism for Orvana's future, stating that construction is progressing as planned in Bolivia and that Spain is on track to meet fiscal 2025 guidance.

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Charleston Gazette-Mail

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ORVANA REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2025

TSX:ORV

10 days ago·Charleston, United States

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pressreach.com

ORVANA REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2025 - PressReach

TSX:ORV TORONTO, Feb. 14, 2025 /PRNewswire/ — Orvana Minerals Corp. (TSX: ORV) (the “Company” or “Orvana”) reports consolidated financial and operational results for the quarter ended December 31, 2024 (“Q1 FY2025”). This news release contains only a summary of the Company’s financial and operations results for the first quarter of fiscal 2025, and readers should refer to the full set of unaudited condensed interim consolidated financial stateme…

9 days ago

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