Orvana announces the restart of milling at OroValle
TORONTO, September 3, 2021 / PRNewswire / – Orvana Minerals Corp. (TSX: ORV) (the “Company” or “Orvana”) is pleased to announce that the production of its El Valle plant in Spain restarted after safety, environmental and operational standards were carefully checked and met. As announced in the Company’s press release on August 16, 2021, a temporary shutdown of activities at the plant’s facilities had been implemented to assess the corrective measures related to the tailings pumping circuits due to a failure of an old surface mine wall. Underground mining continued throughout the plant shutdown, generating stock that will be the basis of a program to catch up with metal production over the coming months.
Juan Gavidia, CEO of Orvana Minerals said: “The rapid reaction of the OroValle team to this case was instrumental in making this downtime operationally safe, environmentally friendly and economically short.”
The geotechnical failure in the historic area of the surface mine wall continues to be investigated. The Company is working on a long-term definitive treatment of the walls.
ABOUT ORVANA – Orvana is a multi-mining gold-copper-silver company. Orvana’s assets consist of the El Valle and Carlés gold-copper-silver mines in the north Spain, the Don Mario gold-silver property at Bolivia, currently in care and maintenance, and the Taguas property located at Argentina. Additional information is available on the Orvana website (www.orvana.com).
Warnings – Forward-looking information
Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, potentials, future events or performance (often, but not always, using words or expressions such as “believes”,, “plans”, “estimates” or “intends” or affirming that certain actions, events or results “could”, “could”, “would”, “could”, ” will “or” are expected “to be taken or achieved) are not statements of historical fact, but forward-looking statements.
The forward-looking statements contained in this document relate, among other things, to Orvana’s ability to improve its free cash flow; the ability to maintain expected extraction rates and throughput rates at the El Valle plant; the potential to extend the mine life of El Valle and Don Mario beyond their current mine life estimates, including specifically, but not limited to, in the case of Don Mario, ore stockpile processing and tailings reprocessing; Orvana’s ability to optimize its assets to create shareholder value; the Company’s ability to optimize productivity at Don Mario and El Valle; estimates of future production, operating costs and capital expenditures; estimates of mineral resources and reserves; statements and information regarding future feasibility studies and their results; future operations; future prices of metals; the ability to achieve further growth and geographic diversification; future financial performance, including the ability to increase cash flow and earnings; future financing needs; and mining development plans.
Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies, which include, without limitation, as indicated in particular in the notes accompanying the last filed financial statements of the Company. The Company’s estimates and assumptions contained or incorporated by reference in this information, which may prove to be incorrect, include, without limitation, the various assumptions set out herein and in the latest MD&A and annual information form. ‘Orvana deposited. with respect to the most recent financial year of the Company (the “Company Information”) or as expressly incorporated herein by reference as well as: there have been no significant disruptions affecting operations, whether due to work interruptions, supply disruptions, power outages, damage to equipment or otherwise; obtaining permits, development, operations, expansion and acquisitions at El Valle and Don Mario being in line with current expectations of the Company; political developments in any jurisdiction in which the Company operates are consistent with its current expectations; certain price assumptions for gold, copper and silver; the prices of key supplies being approximately consistent with current levels; production and cost of sales forecasts in line with expectations; the accuracy of current estimates of the Company’s mineral reserves and mineral resources; and labor and material costs are increasing on a basis in line with Orvana’s current expectations. Without limiting the generality of the foregoing, this presentation also contains certain “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, statements regarding the results of the preliminary economic assessment, including including, but not limited to, mineral resource estimates, mine concept plan and operations, internal rate of return, sensitivities, taxes, net present value, potential recoveries, design parameters, operating costs, operating costs. capital, production data and economic potential; the timing and costs of production decisions; allow deadlines and requirements; planned exploration and exploration programs; the potential for discovery of additional mineral resources; the schedule for completing a feasibility study; the timing of the first gold production; and the objectives and strategies of the Company.
A variety of risks, uncertainties and inherent factors, many of which are beyond the control of the Company, affect the operations, performance and results of the Company and its businesses, and could cause events or actual results differ materially from estimated or anticipated events or results. express or implied by forward-looking statements. Some of these risks, uncertainties and factors include: the potential impact of COVID-19 on the Company’s business and operations, including: our ability to continue to operate; our ability to manage the challenges presented by COVID-19; the accounting treatment of matters related to COVID-19; Orvana’s ability to prevent and / or mitigate the impact of COVID-19 and other infectious diseases in or near our mines; our ability to support the sustainability of our business, including developing crisis management plans, increasing inventory levels for key supplies, following advice from the medical community, and engaging with communities and local authorities ; fluctuations in the price of gold, silver and copper; the need to recalculate resource estimates based on actual production experience; failure to achieve production estimates; variations in the grade of the ore mined; variations in the cost of operations; the availability of qualified personnel; the Company’s ability to obtain and retain all necessary regulatory approvals and licenses; the Company’s ability to use cyanide in its mining operations; risks generally associated with mining exploration and development, including the Company’s ability to continue to operate El Valle and / or the ability to resume long-term operations at the Carlés mine; the Company’s ability to successfully implement a sulfurization circuit and ancillary facilities to process existing oxide stocks at Don Mario; the Company’s ability to carry out development plans at Taguas; sufficient funding to carry out development plans at Taguas and to process oxide stocks at Don Mario; the Company’s ability to acquire and develop mining properties and to successfully integrate such acquisitions; the Company’s ability to execute its strategy; the Company’s ability to obtain financing as required on terms acceptable to the Company; disputes over the interests of the Company in its property and mining 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 around the world; current and future environmental issues; and the risks identified in the Company’s disclosures. This list is not exhaustive of the factors likely to affect the forward-looking statements of the Company and reference should also be made to the Company Information for a description of additional risk factors.
All forward-looking statements made herein regarding the anticipated development and exploration of the Company’s mining projects are intended to provide an overview of management’s expectations regarding certain future activities of the Company and may not be appropriate for other purposes. Forward-looking statements are based on current plans, estimates, projections, beliefs and opinions of management and, except as required by law, the Company assumes no obligation to update forward-looking statements if assumptions relating to such plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this information are intended to provide an overview of management’s expectations regarding certain future operating activities of the Company and may not be appropriate for other purposes.
SOURCE Orvana Minerals Corp.