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An announcement from Orvana Minerals ( (TSE:ORV) ) is now available.
Orvana Minerals has released its consolidated financial and operational results for the first quarter of fiscal 2025. The company is progressing with its expansion projects in Bolivia, where the Don Mario Plant is under construction, and expects its completion by the end of 2025. In Spain, Orvana’s subsidiary, Orovalle, faced an 18% decrease in gold equivalent production due to a planned plant shutdown for maintenance, coupled with challenges such as high absenteeism. Despite these setbacks, Orovalle is still on track to meet its fiscal 2025 guidance. These developments highlight Orvana’s strategic positioning and ongoing efforts to enhance its operational capabilities and project outcomes.
More about Orvana Minerals
Orvana Minerals Corp. is a mining company involved in the production and exploration of gold and other metals. The company operates primarily in Bolivia, Spain, and Argentina, focusing on the expansion and development of its mining projects in these regions.
YTD Price Performance: 50.0%
Average Trading Volume: 36,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$49.18M
For detailed information about ORV stock, go to TipRanks’ Stock Analysis page.
