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(Kitco News) - Orvana Minerals (TSX: ORV) today reported Q2 FY2023 (quarter ended March 31, 2023) production of 14,470 gold equivalent ounces (11,599 gold ounces, 1.1 million copper pounds and 35,000 silver ounces), up 37% from Q2 FY2022 (10,595 ounces).
The company said it is on track to meet its fiscal year 2023 guidance of 46,000 - 51,000 ounces of gold, with higher throughput planned for the second half of the fiscal year when compared to the first half, adding that the company is also on track to achieve its copper guidance of 4,000 – 4,400 thousand pounds.
CEO Juan Gavidia stated, "We are pleased to report consistent metal output for the quarter and reiterate our gold and copper production guidance for the full year. We are excited our resource exploration program continues to advance in Spain as planned, while gold price sits at an all-time highs range."
Orvana is a multi-mine gold-copper-silver company. Orvana's assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, currently in care and maintenance, and the Taguas property located in Argentina.
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