Core Insights - Orvana Minerals Corp. reported production and exploration updates for Q4 FY2025, highlighting strong exploration progress and steady operations at Orovalle, Spain [2][3][6] Production Results - Q4 FY2025 production totaled 7,587 gold equivalent ounces, consisting of 6,317 gold ounces, 0.8 million copper pounds, and 24,279 silver ounces [6] - FY2025 production reached 35,705 gold equivalent ounces, including 29,276 gold ounces, 3.6 million copper pounds, and 115,466 silver ounces [6] - The mill processed approximately 101,140 dry tonnes in Q4 FY2025, which is 13% lower than the previous quarter due to planned maintenance [7] Exploration Updates - In Q4 FY2025, 2,652 meters of infill and brownfield drilling were conducted, with significant intercepts reported in Area A2, including 18.75 g/t gold over 8.7 meters [6][9] - The El Valle Boinás program aims to extend mineralization southward, with drilling results supporting resource expansion [9][10] Operational Highlights - The ramp-up of operations at the Carlés mine is expected to reduce operational risk by providing access to ore from two independent deposits [3][20] - Gold production in FY2025 was approximately 2% below the lower end of the guidance, primarily due to the concentration of stope ore extraction in September [7][8] Financial Performance - The average market prices for Q4 FY2025 were $3,455.50/oz for gold, $39.38/oz for silver, and $4.44/lb for copper [8] - FY2025 copper production met guidance, while gold production fell short of expectations [7][8] Future Outlook - The company plans to release consolidated operational and financial highlights for Q4 FY2025 in mid-December 2025, along with FY2026 guidance [17]
ORVANA REPORTS Q4 FY2025 PRODUCTION AND EXPLORATION RESULTS FROM OROVALLE, SPAIN
Prnewswire·2025-10-17 00:00