Choose Language

  • »
  • Company Profile

Denver Gold Group > Member Company Profile > Orvana Minerals Corp.

Orvana is a multi-mine gold-copper producer. Orvana’s operations consist of the El Valle-Boinás/Carlés gold-copper-silver mines in northern Spain and the the copper-gold-silver Don Mario Mine in Bolivia.

IR Contact

Ann Wilkinson
+1 (416) 369-1629

orvana.com

Address

181 University Avenue, Suite 1901
Toronto, ON M5H 3M7
Canada

Cautionary Information

© Copyright 2014, Denver Gold Group & Orvana Minerals Corp..
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Cautionary Statement Regarding Forward Looking Statements, Including Outlook
Certain statements constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as “believes”, “expects” “plans”, “estimates” or “intends” or stating that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “are projected to” be taken or achieved) are not statements of historical fact, but are forward-looking statements.
Forward-looking statements relate to, among other things, all aspects of the development of El Valle-Boinás/Carlés Mines in Spain (the “EVBC Mines”) and the Don Mario Mine in Bolivia and their operations and production; the timing and outcome of such development and production; estimates of future production, operating costs and capital expenditures; mineral resource and reserve estimates; estimates of permitting time lines; statements and information regarding future feasibility studies and their results; future transactions; future metal prices; the ability to achieve additional growth and geographic diversification; future financial performance, including the ability to increase cash flow and profits; future financing requirements; and mine development plans.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Orvana as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.The estimates and assumptions of Orvana, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company’s most recently filed Management’s Discussion & Analysis and Annual Information Form in respect of theCompany’s most recently completed fiscal year (the “Annual Disclosures”), or as otherwise expressly incorporated herein by reference as well as: there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at the EVBC and Don Mario Mines being consistent with the Company’s current expectations; political developments in any jurisdiction in which the Company operates being consistent with its current expectations; certain price assumptions for gold, copper and silver; prices for key supplies being approximately consistent with current levels; production and cost of sales forecasts meeting expectations; the accuracy of the Company’s current mineral reserve and mineral resource estimates; and labour and materials costs increasing on a basis consistent with Orvana’s current expectations.
A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include fluctuations in the price of gold, silver and copper; the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estimates; variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company’s ability to obtain and maintain all necessary regulatory approvals and licenses; the Company’s ability to use cyanide in its mining operations; risks generally associated with mineral exploration and development, including the Company’s ability to continue to operate the EVBC Mines and/or the Don Mario Mine; the Company’s ability to acquire and develop mineral properties and to successfully integrate such acquisitions; the Company’s ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company’s interests in its property and mineral rights; current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which the Company operates; general economic conditions worldwide; and the risks identified in the Annual Disclosures under the heading “Risks and Uncertainties”. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Annual Disclosures for a description of additional risk factors.
Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking statements.

Orvana Minerals Corp.

Toronto Stock Exchange : ORV

Last Updated: July 30, 2014

Status: Producer
Primary Mineral: Gold
Secondary Mineral: Copper
Primary Country of Operation: Spain
Other Countries of Operation: Bolivia, Canada, United States
Value Drivers
  • Proven producer
  • Multi-project
  • Three countries
  • Three metals

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101, GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • Fabulosa Mines Ltd.
  • n/a
  • n/a
Management
Chairman: Robert Mitchell
CEO/President/MD: Michael Winship
CFO: Daniella Dimitrov
COO: Neil Ringdahl
Capital Structure
Common Shares Outstanding: 136,623,171
Float (%): 48
Warrants Outstanding: 2,371,667
Options Outstanding: 2,805,002
Fully Diluted Shares: 141,799,840
Stock as of August 1, 2014
  Local: CAD USD
Stock Price: 0.49 0.45
52-Week Range: 0.37 - 0.770.34 - 0.71
Market Cap: 67 MM 61 MM
Fully Diluted Market Cap: 69 MM 64 MM
1-Year Return: -5.77%  
Average Volume (30 Day): 56,759