Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

ORVANA REPORTS GEOPHYSICAL SURVEY RESULTS AND COMMENCES INITIAL DEEP DRILLING PROGRAM AT TAGUAS, ARGENTINA

Transitioning from high-cost Spanish producer to multi-asset operator as Bolivia restart looms.

By The Northwire Desk — AI Analysis Jan 28, 2026 · 05:30 ORV · 2.31 Orvana Minerals Corp.
Executive Summary

The most recent news release (January 28, 2026) confirms the commencement of a 4,500-meter deep drilling program at the Taguas Project in San Juan, Argentina. This follows a geophysical survey (Induced Polarization and Magnetotelluric) that identified a north-south trending corridor with high chargeability and low resistivity. These signatures are interpreted as a potential sulfide-bearing system, specifically targeting a deep copper-gold porphyry system. The program is expected to be completed by April 2026, with the first hole planned for 1,500 meters.

Material Impact

The news is a follow-through on previously stated exploration goals and is Routine - Positive. - In-line with expectations: Management had communicated the Jan 2026 start date as early as September 2025. - Speculative Upside: While the geophysical data is encouraging, it remains a high-risk, deep-drilling "concept" play. The material value of Orvana currently resides in its Spanish production and the imminent Bolivian restart, not yet in Argentinian exploration. - Operational Progress: The fact that the company met its timeline for the geophysical survey and drill mobilization indicates disciplined management of exploration logistics in a challenging jurisdiction.

ORV · Price
Company Overview

Orvana is a gold-copper-silver producer with a high-cost operating mine in Spain (Orovalle), a plant being restarted in Bolivia (Don Mario), and an exploration-stage project in Argentina (Taguas). - Flagship Project (Current): Orovalle, Spain. An underground operation producing approximately 30k-35k oz of gold annually. - Flagship Project (Emerging): Don Mario Oxides Stockpile Project (OSP), Bolivia. This is the company's "transformation" asset, expected to significantly increase production in 2026.

Read the original news release →

More from Orvana Minerals Corp.

Nov 09, 2026 · 06:00

Orvana retires Bond I, though Bond II covenant overhang persists.

Production / Operations Nov 02, 2026 · 21:30

Orvana’s Bolivia ramp improved while EMIPA bond covenants slipped again.

Production / Operations Oct 29, 2026 · 19:30

Orvana’s high-grade infill drilling at Breccia East confirms the deposit, setting the stage for resource conversion.

Drill Results Oct 15, 2026 · 19:00

Orvana’s Don Mario ramp drives higher grades and widths in Spain while Bolivia production misses expectations.

Production / Operations Oct 02, 2026 · 20:00

Orvana extends financing for Bolivia ramp-up delays while relying on Spain cash flow to sustain operations.

Financings Sep 21, 2026 · 06:30

Orvana advances Taguas exploration in Bolivia while delaying ramp-up plans, prompting the withdrawal of its fiscal 2026 guidance.

Drill Results