• Orvana Minerals (ORV) hit its production goals during the first quarter of its fiscal year at its Ortosa-Godán Project in Spain
  • The Toronto-based mineral exploration company produced 13,815 gold equivalent ounces during the quarter
  • It completed 2,868 metres of infill drilling and 733 metres of greenfield drilling on the project
  • Results keep the company on track to hit its fiscal year guidance of between 46,000 and 51,000 ounces
  • Orvana Minerals is up 2.00 percent, trading at $0.26 at 11:18 a.m. EST

Orvana Minerals (ORV) achieved its production goals during the first quarter of its fiscal year at its Ortosa-Godán Project in Spain.

The Toronto-based mineral exploration company produced 13,815 gold equivalent ounces during the quarter.

It completed 2,868 metres of infill drilling and 733 metres of greenfield drilling on the project.

Results keep the company on track to hit its fiscal year guidance of between 46,000 and 51,000 ounces.

The Ortosa-Godán Project is located close to Carlés mine, three kilometres northwest and into the same gold belt. 

“We successfully completed the quarter by achieving production levels at El Valle that keep us on target for our FY2023 guidance while continuing our aggressive brownfield and greenfield exploration program in Spain, aimed to replenish depletion, quarter per quarter,” said CEO Juan Gavidia.

It also produced 1.2 million pounds of copper.

The multi-mine gold-copper-silver company operates the producing El Valle and Carlés gold-copper-silver mines in northern Spain and also owns the Don Mario gold-silver property in Bolivia, which is currently in care and maintenance, as well as the Taguas property located in Argentina.

Orvana Minerals is up 2.00 percent, trading at $0.26 at 11:18 a.m. EST.


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