PR Newswire
TORONTO, April 17, 2026
TSX:ORVOTCQX: ORVMF
TORONTO, April 17, 2026 /PRNewswire/ — Orvana Minerals Corp. (TSX: ORV) (OTCQX: ORVMF) («Orvana» or the «Company«) is pleased to report production results for the second quarter of fiscal year 2026, ended March 31, 2026 («Q2 FY2026») and provide an update on the Oxides Stockpile Project at its Don Mario operation in Bolivia.
https://mma.prnewswire.com/media/2958757/Orvana_Minerals_Corp__ORVANA_REPORTS_Q2_FY2026_PRODUCTION_RESULT.jpg
Juan Gavidia, CEO of Orvana, stated: «Q2 FY2026 marks the restart of doré production at Don Mario in Bolivia, a significant milestone for Orvana. Operations in both Bolivia and Spain are performing in line with current expectations for FY2026 production guidance. We are pleased to be operating two production units again and are focused on completing the ramp-up and integration of the processing circuits at Don Mario, with the objective of increasing production levels over the coming quarters.«
Highlights:
- Consolidated production of 10,738 of Gold Equivalent Ounces («GEO»)(1) during Q2 FY2026.
- Orovalle, the Company’s subsidiary in Spain, produced 9,827 GEO(1) (8,464 gold ounces, 0.8 million copper pounds and 25,424 silver ounces).
- EMIPA, the Company’s subsidiary in Bolivia, produced doré during Q2 FY2026 as part of the phased restart of the Don Mario operation, contributing 911 GEO (1) (893 gold ounces and 1,055 silver ounces) during the quarter.
Certain statements in this news release, including statements regarding ramp-up and production expectations, constitute forward-looking information. See «Cautionary Statements – Forward-Looking Information» below.
Orovalle Q2 FY2026:
Orovalle Q2 Q1 Q2 YTD-Q2 FY 2026
FY2026 FY2026 FY2025 FY2026 Guidance
Ore milled (tonnes) 130,506 129,622 111,272 260,128
Gold equivalent (oz)(1) 9,827 10,576 8,416 20,403
Gold
Grade (g/t) 2.20 2.41 2.06 2.30
Recovery (%) 91.9 92.9 92.0 92.4
Production (oz) 8,464 9,308 6,792 17,772 34,000 –
37,000
Copper
Grade (%) 0.34 0.33 0.43 0.33
Recovery (%) 78.7 75.4 84.0 77.1
Production (K lbs) 772 706 885 1,478 2,700 -3,000
Silver
Grade (g/t) 7.74 9.43 9.81 8.59
Recovery (%) 78.2 78.9 80.1 78.6
Production (oz) 25,424 31,007 28,129 56,431
- Orovalle is on track to meet FY2026 production guidance, based on results to date and current operating assumptions (see «Cautionary Statements – Forward-Looking Information»).
- The mill processed approximately 130,506 dry tonnes during Q2 FY2026, in line with the prior quarter.
- 8,464 gold ounces produced in Q2 FY2026, 9% lower than the previous quarter primarily due to 9% lower head grade and 1% lower recoveries, slightly off-set by 1% higher tonnes milled.
- 0.8 million copper pounds produced in Q2 FY2026, 9% higher copper than the previous quarter due to 3% higher copper grade, 4% higher recoveries and 1% higher tonnes milled.
- Quarter-over-quarter grade movements reflect changes in oxide and skarn proportions associated with ore extraction and blending sequencing.
EMIPA Q2 FY2026:
EMIPA Q2 Q1 Q2 YTD-Q2 FY 2026
FY2026 FY2026 FY2025 FY2026 Guidance
Ore milled (tonnes) 47,387 47,387
Gold equivalent (oz)(1) 911 911
Gold
Grade (g/t) 0.94 0.94
Recovery (%) 62.1 62.1
Production (oz) 893 893 13,000 –
14,000
Copper
Grade (%)
Recovery (%)
Production (K lbs) 6,700 -7,500
Silver
Grade (g/t) 10.89 10.89
Recovery (%) 6.4 6.4
Production (oz) 1,055 1,055
- EMIPA is on track to meet FY2026 production guidance, based on results to date and current operating assumptions (see «Cautionary Statements – Forward-Looking Information»).
- EMIPA produced doré during Q2 FY2026 as part of the phased restart of the Don Mario Plant. Following completion of performance verification of the comminution and thickening circuits, and upgrades to the Au-Ag desorption and smelting areas, EMIPA performed during February and March 2026 operational trials by processing legacy low-grade sulfide ore through the Au-Ag circuit, resulting in doré production.
- The Don Mario plant processed approximately 47,387 dry tonnes during Q2 FY2026, producing 893 gold ounces and 1,055 silver ounces. Recoveries were affected by the grade characteristics of the material processed and by operational interruptions inherent to testing activities.
- The testing phase was completed during the second half of March, after which EMIPA commenced the integration of the Au-Ag circuit with the new plant circuits as part of the transition to sustained operations.(1) Gold Equivalent Ounces («GEO») is a Non-GAAP Financial Performance Measure. Non-GAAP measures do not have standardized meanings under IFRS and may not be comparable to similar measures of other issuers. GEO is calculated by converting copper and silver to gold equivalent using the metal prices disclosed below and adding the result to gold ounces produced. The Company believes GEO provides a useful measure to help evaluate production across multiple metals. Refer to the Company’s most recent Management’s Discussion and Analysis for additional information. GEO were calculated using the following average market prices:
Q2 FY2026: $4,875.39/oz Au, $84.39/oz Ag, $5.83/lb CuQ1 FY2026: $4,141.90/oz Au, $54.71/oz Ag, $5.03/lb CuQ2 FY2025: $2,862.56/oz Au, $31.91/oz Ag, $4.24/lb Cu
Oxides Stockpile Project
The Don Mario operation, located in the Don Mario district in southeastern Bolivia, is owned and operated by EMIPA, Orvana’s Bolivian subsidiary. Mining and milling operations at Don Mario were temporarily suspended in the first quarter of fiscal 2020 following depletion of the mineral reserves then being mined.
The Company is now advancing the Oxides Stockpile Project («OSP«), which is designed to process oxide material that was stockpiled during previous years of mining at Don Mario. The project includes an expansion and upgrade of Don Mario Processing Plant to optimize the recovery of copper, gold and silver from these stockpiles.
The OSP consists of three components:
Don Mario Processing Plant – Restart Progress
In December 2025, EMIPA commenced verification of the Don Mario Plant Au-Ag circuit, following the completion of upgrades to the comminution, thickening, desorption and smelting areas. During Q2 FY2026, legacy sulphide ore was processed through the Au-Ag circuit, resulting in doré production. Following completion of this testing phase in the second half of March, the Au-Ag circuit was shut down to allow integration with the new plant circuits.
Next operational milestones include final construction and commissioning close-out of the Cu circuits, followed by completion of the phased integration of all processing circuits. Feeding the plant with oxide ore from the stockpiles is expected to commence in the coming weeks, subject to commissioning progress and operational readiness, followed by a progressive ramp-up over the subsequent months, with the objective of achieving full planned production levels during Q4 FY2026.
Qualified Person
The scientific and technical information in this news release related to the Company’s Orovalle operation has been reviewed and approved by Guadalupe Collar Menéndez, Chief of Geology of Orovalle Minerals S.L., a Qualified Person as defined under National Instrument 43-101 and an employee of Orovalle Minerals S.L., a subsidiary of Orvana, and is not independent of the Company.
The scientific and technical information in this news release related to the Company’s EMIPA operation has been reviewed and approved by Luis Isla, Chief of Geology of Empresa Minera Paitití, S.A. («EMIPA»), a Qualified Person as defined under National Instrument 43-101 and an employee of EMIPA, a subsidiary of Orvana, and is not independent of the Company.
Consolidated Operational and Financial Performance
Q2 FY2026 consolidated operational and financial highlights will be released with the second quarter financials, expected mid-May, 2026.
ABOUT ORVANA – Orvana is a multi-mine gold-copper-silver company. Orvana’s assets consist of the producing Orovalle operation in northern Spain; the Don Mario operation in Bolivia; and the Taguas property located in Argentina. Additional information is available at Orvana’s website (www.orvana.com).
Cautionary Statements – Forward-Looking Information
Certain statements in this news release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws («forward-looking statements»). Forward-looking information in this news release includes, without limitation, statements regarding, among other things, current expectations, estimates, projections and assumptions about future events and operating performance, including: statements that Orovalle and EMIPA are «on track» to meet FY2026 production guidance; the expected timeline for completing the construction, commissioning and integration of all circuits at Don Mario and resuming production; the expected timeline to reach stabilized planned production levels at Don Mario; the Company’s ability to meet FY2026 production guidance at Orovalle and EMIPA; and the anticipated timing of the Company’s second quarter financial results.
Forward-looking statements are not statements of historical fact and are generally identified by words such as «believes», «expects», «plans», «estimates», «intends», «anticipates», «forecasts», «projects», «may», «could», «would», «might» or «will», or similar expressions.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions, including those relating to production guidance and ramp-up expectations, underlying the forward-looking statements in this news release include, without limitation: (i) timely completion of planned maintenance, commissioning and ramp-up activities; (ii) no material disruptions to operations due to labour, supply chain, power, equipment damage or other events; (iii) permitting, development, operations and expansion activities at Orovalle, Don Mario and Taguas proceeding consistent with the Company’s current expectations; (iv) political, regulatory and social conditions in the jurisdictions in which the Company operates remaining broadly consistent with the Company’s current expectations; (v) commodity prices and input costs (including labour, energy and key supplies) remaining within ranges consistent with the Company’s current expectations; (vi) the accuracy of the Company’s current mineral reserve and mineral resource estimates; and (vii) the availability of necessary funds to execute the Company’s plans. There can be no assurance that such expectations or guidance will be achieved.
A variety of risks, uncertainties and factors, many of which are beyond the Company’s control, could cause actual results to differ materially from those expressed or implied by forward-looking statements. These risks, uncertainties and factors include, among others: delays or difficulties in obtaining or maintaining necessary permits and authorizations (including environmental and tailings-related authorizations); the impact of global economic and geopolitical conditions; fluctuations in the price of gold, silver and copper; variations in ore grades, metallurgical recoveries and throughput; failure to achieve production estimates or guidance; increases in operating costs (including energy, power and environmental compliance costs); availability of qualified personnel; risks generally associated with mineral exploration and development; the Company’s ability to successfully resume production at Don Mario; the Company’s ability to successfully carry out exploration and development plans at Taguas; the Company’s ability to obtain financing on acceptable terms when required; challenges to the Company’s property interests and mineral rights; and legislative, regulatory, political, social and economic developments in the countries in which the Company operates. Additional risks are described in the Company’s most recent Management’s Discussion and Analysis and Annual Information Form, available under the Company’s profile at
www.sedarplus.ca
.
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. Readers are cautioned not to place undue reliance on forward-looking statements and actual results may differ materially from those expressed or implied in such statements.
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Tengo varias preguntas sobre esto a ver si me podiais aclarar:
-¿Puedo hacer un ingreso regular de 800 euros y me cobran 0euos de comisiones y mto.?
-¿Puedo sacar el dinero cuando quiera?,¿todo ó tengo entendido que hay que mantener un mínimo de 100 euros los 30 meses?
-No necesito pero me obligan a sacar una tarjeta de débito que me cuesta 11 euros el primer año y 22 euros la renovación, también otra de credito que me cuesta 0 euros el primer año y 35 euros la renovación.
¿Hay que mantenerlas 13 meses?
¿Puedo cancelar alguna de ellas desde el principio?
¿Puedo cancelar alguna de ellas antes de la renovación?
¿Hay alguna tarjeta de credito más barata?
Aparte de la cuenta nómina he visto que también que para que te den la tv también se puede sacar una cuenta tarifa plana básica o personal, ¿sabeis algo de estas cuentas?¿que requisitos tienen?
Muchas gracias a todos por responder
Yo fui a informarme y te cuento. Únicamente admiten los ingresos regulares en el caso de que seas autónomo. Te abren una cuenta Tarifa Plana Cero que está exenta de comisiones y presenta alguna ventaja más. Sobre dejar un mínimo de saldo en la cuenta no es necesario, pero sí te obligan a mantener varias tarjetas durante los 30 meses con un coste aproximado de 100 euros anuales.
hola buenas!
me llamo javi y estoy dudando de que banco, me puede dar mas beficios, sin sorpresas por domiciliar la nomina, ya que llevo años en la caixa y no me da nada ningun beneficio. es mas me rechazan los prestamos que solicito, ni siquiera una targeta de credito, por alegan de que siempre esta a cero la cuenta, yo cuando cobro la nomina dejo el dinero para los pagos, y saco el resto, pues no me fio, de que un dia me quede sin dinero, ya que esta todo muy mal, corre riesgo mi dinero o mis ahorros en el banco?? muchas gracias y un cordial saludo.
javi
NO TE EXTRAÑE QUE NO TE DEN LOS PTMOS, PORQUE LO QUE VEN ES QUE NO TIENES CAPACIDAD DE AHORRO PORQUE SIEMPRE DEJAS LA CTA. EN MINIMOS, ASI NINGUN BANCO TE LO VA A CONCEDER. TAMBIEN ES VERDAD QUE LA CAIXA, COMO TANTAS OTRAS CAJAS, TIENE EL PUÑO CERRADO PARA LOS RIESGOS, PARA REMONTAR. NO TE PREOCUPES, QUE POR UNA NOMINA NO CREO QUE NINGUN BANCO SE COJA LAS MANOS. LOS QUE SE TIENEN QUE PREOCUPAR SON LOS QUE TIENEN DÉPÓSITOS Y FONDOS EN BANCOS DE DUDOSA ACTIVIDAD. LA GENTE SE PIENSA QUE PORQUE LES DEN UN 7% YA ES UN GRAN BANCO Y SE EQUIVOCAN. LO QUE LES PASA ES QUE EL BANCO DE ESPAÑA LES PRESTA EL DINERO MAS CARO Y POR ESO OPTAN POR CONSEGUIRLO EN EL MERCADO MONETARIO, Y SI EL BANCO DE ESPAÑA NO SE FIA DE ELLOS, VA Y SE FIA LA GENTE. QUE LOS BANCOS NOES LA ADMON PUBLICA, ABRAN OS OJOS.
Hola , cuando vallais al banco queos dejen lo que hay que pagar de irpf y de iva sobre el valor de la tele ya que en la mayoria de bancos esto no lo dicen y luego llagan las sorpresas .A mi ya me ha pasado con la promoción del portatil y nunca me hablaros de esto . Cuidado
Yo he estado calculando y la tele entre unas cosas y otras te sale sobre unos 250euros que tampoco regalan tanto .Hay oficinas en las que han dado la occión de poner un dinero a plazo fijo a 12meses de 9300euros o 6800euros a 18 meses.
No es ningún chollo. Te obligan a contratar dos tarjetas de crédito que tienes que pagar porque las tienes que mantener 13 meses por lo menos y además llevan unos costes desproporcionados si las utilizas. En total, no usando las tarjetas y anulándolas una vez cumplidos los 13 meses puedes ahorrar unos 38 euros con respecto al precio de ese televisor en una gran superficie. Y además luego vendrá que te cobran para hacienda la retención correspondiente, por lo que probablemente incluso en las mejores condiciones te cueste más que si ahorras un poco y lña compras directamente.
Creó que teneis toda la razón, que aqui no te regalan nada, ya que a mí me paso con unas sartenes que regalaban el banco bilbao, que al final entre el irpf y el descuento de Hacienda, al final me salieron caras, así es que no os tomen el pelo, que al final siempre esta la letra pequeña que es la que nos joroba, por no decir otra cosa.
Yo saque el portatil y ahora me he sacado la TV LCD 32. Estas promos no hay que declararlas. No es obligado domiciliar nomina. Si, meter en la cuenta 800€ todos los meses en un margen de 10 dias. Cero matacero, pero cero,cero, cero de gastos de mantenimiento, ni por recibos, ni por el correo a casa, ni por transfer. Las tarjets gratis el 1er año. Resto fuera. Dadas de baja Menos la de debito. Banesto no pierde nada, ganar, gana clientes que es el proposito de esta promo. Precio de portatil y tv 32 en mercao unos 900€ los 2. En banest 197€. Los hay mejores, nos ha jodio! portatiles a 1200€, TV LCD 32 a 1000€. Señores, son lentejas. Relacion calida-precio-promo es cojonud…….Un saludit a los viandantes.
hola , no se si llegara mi comentario pero os voi a esplicar. esto es el cuento de la abuela. mira yo tengo el portatil. y he cogio tab la tele, pero sabeis ke?, me ha pasado de todo. os esplico. primero me cobran 74 euros y 25 euros de unas tarjetas que yo no las he visto aparecer por mi casa , me cabreo con el banco. llamo y pido esplicaciones. me dicen que van en la promocion, nunca jamas nadie me informo de las tarjetas, no me devuelven el dinero. me cabreo y me dicen que llame aun numero de tefono para darlas de baja, se pasan los dias, intentamos darlas de baja. largas y larga, que si este numero de tefono que si el otro bla bla bla. conseguimos hablar y nos dicen que tenemos que cambiar el contrato a tarifa plana o no se ke historias, llamando al banco se pasan los dias, largas y largas. me cabreo y estoi por suspender todo, me dicen que si lo quiero cambiar y dar de baja las tarjetas que nunca he tenido. tengo que pagar comisiones cada seis meses de doce y pico euros, y que si no quiero que me cobren comisiones tengo que ir todos los meses al banco a hacerlo yo, ufffffffffff.aun hay mas. me dan de baja y me hacen la tarifa plana, se equivocan un monton de veces. me hacen pasar muchos cabreos.y al final cuando llego a casa me han cobrado 25, 50 euros. y llamo por telefono y se lo digo , me dicen claro por dar de baja la otra cuenta , la madre que los pario. ladrones. o sea os digo que la tele no sale regalada, se la cobran y muy bien cobrada , nadie da nada por nada. en cuento termine de pagar lo que debo quito todas las cuentas del banesto.espero que alguien me lea y que me conteste gracias .
Banesto ha jodido a mi marido y a un amigo tambien. Para mi, despues de Banco de Andalucía son los peores. Y quieran creerlo o no ni la television ni el portátil te lo regalan.. como no cumplas cualquiera de las reglas te sancionan con 300 y pico de euros.. porque nos hemos mudado de casa y los recibos domiciados se cortaron «temporalmente» la sancion fue de mas de 300 euros.. y el cabreo q te llevas cuando ves lo q te han descontado y luego para ir a reclamarlos.. y como te tratan !! en fin.. espero que Banesto sea lo primero en undirse en el fin del mundo!!
CHOLLO!!!!!!!!!JAJAJAJAJA…….NO ES NINGUN CHOLLO!!!!!!! te cobran 100 € de gastos de manipulacion, mas 150 € en tarjetas durante 2 años, mas 6 € mensuales de mantenimiento de cuenta durante 30 meses, total que pagas 630 Euros por un ordenador o una TV que su valor seguro que no llega a 500 €. Y encima si vas a cancelar la cuenta cuando cumples los 30 meses requeridos te hacen esperar dos horas para decirte que no tienen linea de telefono para dar de baja la cuenta, cosa que no para nunca cuando vas a contratarlo. Y del trato que dispensan….., es el mismo que si vas con un fajo de billetes de 500 € por los CO-JONES
Banesto «premia», menuda falacia…
No hay ningún banco que premie a nadie.
BANESTO NECESITA NUESTRAS NÓMINAS, Y EN CUANTO VAS UN POCO JUSTO, COMO BUENOS JUDÍOS Y ÁVAROS QUE SON, TE ACOSAN Y MACHACAN, Y TE SACAN HASTA LAS ENTRAÑAS EN COMISIONES.
DESPUÉS EL ESTADO APOYA A LOS BANCOS, CON LA EXCUSA DE QUE SI CAEN LOS BANCOS CAEMOS TODOS. LOS BANCOS NECESITAN UN BOICOT DE VEZ EN CUANDO, PARA QUE NO NOS RESTREGUEN POR LA CARA SUS BENEFICIOS.
POR CIERTO, LO QUE MÁS FASTIDIA A UN BANCO ES UNA RECLAMACIÓN EN LA OFICINA DEL CONSUMIDOR Y OTRA AL BANCO DE ESPAÑA.
ES POR DAR PISTAS…