ORVANA PROVIDES LOGISTICS UPDATE AND OXIDE PROCESSING START-UP TIMELINE FOR DON MARIO
Orvana’s Don Mario oxide processing is set to resume in mid-July following the resolution of a Bolivian roadblock, re-engaging the ramp-up catalyst.
Orvana Minerals Corp. (ORV) reported on July 7 that road blockades and transport disruptions in Bolivia have largely cleared, restoring normal movement of goods and materials. All critical materials required for the Don Mario oxide ore processing start-up have been received. EMIPA expects to begin start-up activities for the Oxide Stockpile Project (OSP) in mid-July 2026, subject to customary preparatory work. Revised operational guidance for EMIPA will be provided in the Q2 FY2026 MD&A expected mid-August 2026.
Orvana Minerals Corp. (ORV) has resolved a significant operational overhang following a May 25 update regarding logistics disruptions that previously triggered an 18% drop in the stock. The company has provided a concrete start date, transforming prior uncertainty into near-term production visibility. While the project is back on track, the timeline reflects a slip of approximately six weeks. This development confirms the project is proceeding, moving beyond the market’s prior pricing of a significant delay or risk of abandonment.
Orvana Minerals Corp. (ORV) is a TSX- and OTCQX-listed gold-copper-silver producer that owns three 100% assets. In Spain, the company operates the Orovalle project, which includes the El Valle-Boinás and Carlés underground mines. Production at Orovalle has been ongoing since 2011, with gold output reaching approximately 29 koz in FY2025. The company is targeting 34–37 koz in FY2026, maintaining a reserve mine life of around 3–4 years while pursuing significant resource upside.
In Bolivia, the EMIPA – Don Mario project is undergoing a phased restart of its processing plant, with an oxide stockpile project serving as the near-term driver. Tailings reprocessing and remnant mineralization could extend the mine life to 6–7 years. Meanwhile, the Taguas project in Argentina remains in the early stages of copper-gold porphyry exploration. A 2021 PEA on oxidized gold-silver demonstrated economics, but the primary focus is on the deep porphyry system currently being drilled.