TSX:ORV

TORONTO, Feb. 13, 2025 /PRNewswire/ – Orvana Minerals Corp. (TSX: ORV) (the “Company” or “Orvana”) experiences consolidated monetary and operational effects for the quarter ended December 31, 2024 (“Q1 FY2025”).

This information reduce incorporates just a abstract of the Corporate’s monetary and operations effects for the primary quarter of fiscal 2025, and readers will have to the following the whole all set of unaudited condensed intervening time consolidated monetary statements for the 3 months ended December 31, 2024 and 2023, and accompanying control’s dialogue and research (MD&A), to be had on www.sedarplus.ca and at the Corporate’s web page at www.orvana.com. All monetary figures contained herein are expressed in U.S. bucks until another way famous.

“We are very excited about Orvana’s 2025 outlook: construction in Bolivia is advancing as planned, Spain is on track to meet its 2025 guidance, and we expect to start the geophysical survey in Argentina in the coming weeks, which will be key to the strategic repositioning of the property” said Juan Gavidia, CEO of Orvana. “Overall, looking ahead to 2025, we envision a year of transformation for Orvana” he added.

Highlights

Bolivia:

• ­In Q1 FY2025 EMIPA has commenced the development for the Don Mario Plant enlargement. Building actions all the way through the quarter had been fascinated about web page arrangements and earthworks for the plant enlargement department, together with the concrete footing paintings.
• ­Contracting and fabrication of structural metal, tanks and key procedure apparatus is now underway. As of January 31, 2025, the challenge was once drawing near 7.6% finishing touch.
• ­The Corporate expects to finish development via the top of calendar past 2025, conditional on securing the residue required steadiness of the investment all the way through the primary part of 2025.
• ­In keeping with contemporary contractor and supplier quotations, the Corporate is updating capital value estimates, and can handover updates when additional subject material data turns into to be had.

Spain:

• ­Orovalle, the Corporate’s subsidiary in Spain, produced 9,694 gold identical oz. (“GEO) ⁽¹⁾ in Q1 FY2025, reflecting an 18% trim in comparison to 11,862 GEO⁽¹⁾ within the earlier quarter.
• ­The manufacturing fade was once basically because of a fifteen% aid in tonnage milled. The plant was once close unwell all the way through the second one part of December in line with the scheduled staff calendar. Throughout this stoppage, a number of scheduled repairs actions had been finished.
• ­The operation continues to stand demanding situations because of prime absenteeism and a inadequency of repairs body of workers. Orovalle is actively improving its recruitment and onboarding systems to attenuate the generation required to fill brief vacancies, and a number of other pledges were established to strengthen technical services and products on web page.
• ­Orovalle is not off course to satisfy fiscal 2025 steering:

• ­Orovalle drilled 2,808 meters at its El Valle mine in Q1 FY2025, fascinated about changing the inferred subject material into gradual and indicated subject material. A complete of 497 meters had been finished in Ortosa-Godán, challenge positioned 3 kilometers northwest of the Corporate’s Carlés mine, and inside the similar gold belt. Drilling is lately ongoing at El Valle mine and Ortosa-Godán.
• ­The Annual Data Method of the Corporate for the fiscal past ended September 30, 2024 (the “FY2024 AIF”) was once filed on December 27, 2024, together with Mineral Useful resource and Reserves estimates for Orovalle with an efficient presen of September 30, 2024. The FY2024 AIF contains the fresh manufacturing time table produced via Orovalle based totally upon the estimated Mineral Reserves. The time table contains oxides and skarns ore mined from each the Boinás and Carlés underground mines at a mean fee of 528,000 tpa for a length of four years. The FY2024 AIF can also be discovered at the Corporate’s web page at www.orvana.com and via reviewing its profile on SEDAR+ at www.sedarplus.ca.

Argentina:

• ­The Corporate is repositioning the method of its Taguas Mission, positioned within the San Juan province, now doubtlessly together with stream sulphides assets, plus deep copper-gold porphyry alternatives.
• ­Orvana plans to habits within the coming weeks a deep geophysical survey in a position to detecting goals as much as a intensity of 1,500 m. The objective is to have the effects in a position via the 3rd quarter of fiscal 2025.
• ­The Corporate is continuous to paintings on updating its geological modeling, with key goals fascinated about improving the working out of the oxide-sulfide transition zone, inspecting alteration zoning the use of infrared spectroscopy, and decoding stream drilling information. The objective is to help the translation of the geophysical survey effects.

Decided on Operational and Monetary Data

Orvana subsidiary in Bolivia experiences Q1 FY2025 unaudited monetary effects

As a registered bond issuer at the Bolivian secure marketplace, EMIPA is needed to record its quarterly monetary statements with Autoridad de Supervisión del Sistema Financiero (“ASFI”). The unaudited monetary statements for the 3 months ended December 31, 2024 for EMIPA can also be considered at please see ASFI touchdown web page (the “ASFI Page”):

https://www.asfi.gob.bo/index.php/registro-rmv/mv-entidades-inscritas-en-el-rmv.html

To seek for EMIPA’s monetary statements, choose please see on the ASFI Web page:

ENTIDADES REGULADAS – EMISORES: Empresa Minera Paitití, S.A. EMIPA
Ver: Estados Financieros

ABOUT ORVANA – Orvana is a multi-mine gold-copper-silver corporate. Orvana’s belongings include the manufacturing El Valle and Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver attribute in Bolivia, and the Taguas attribute positioned in Argentina. Backup data is to be had at Orvana’s web page (www.orvana.com). 

Cautionary Statements – Ahead-Taking a look Data

Positive statements on this presentation represent forward-looking statements or forward-looking data throughout the that means of appropriate securities regulations (“forward-looking statements”). Any statements that categorical or contain discussions with recognize to predictions, expectancies, ideals, plans, projections, goals, guesses, potentials, presen occasions or efficiency (steadily, however no longer at all times, the use of phrases or words similar to “believes”, “expects”, “plans”, “estimates” or “intends” or declaring that positive movements, occasions or effects “may”, “could”, “would”, “might”, “will”, “are projected to” or “confident of” be taken or completed) aren’t statements of ancient truth, however are forward-looking statements.

The forward-looking statements herein relate to, amongst alternative issues, Orvana’s talent to reach development in separate coins wave; the power to uphold anticipated mining charges and anticipated throughput charges at El Valle Plant; the possible to increase the mine existence of El Valle and Don Mario past their stream life-of-mine estimates together with particularly, however no longer restricted to, Orvana’s talent to optimize its belongings in order shareholder worth; estimates of presen manufacturing (together with with out limitation, manufacturing steering), working prices and capital expenditures; mineral useful resource and store estimates; statements and data relating to presen feasibility research and their effects; presen transactions; presen steel costs; the power to reach alternative enlargement and geographic diversification; and presen monetary efficiency, together with the power to extend coins wave and earnings; presen financing necessities; mine building plans; the potential for the conversion of inferred mineral assets to mineral reserves.

Ahead-looking statements are essentially based totally upon a lot of estimates and guesses that, week thought to be affordable via the Corporate as of the presen of such statements, are inherently matter to vital trade, financial and aggressive uncertainties and contingencies, which contains, with out limitation, as specifically move ahead within the notes accompanying the Corporate’s maximum just lately filed monetary statements. The estimates and guesses of the Corporate contained or included via reference on this information reduce, which might turn out to be improper, come with, however aren’t restricted to the diverse guesses all set forth herein and in Orvana’s maximum just lately filed Control’s Dialogue & Research and Annual Data Method in recognize of the Corporate’s maximum just lately finished fiscal past (the “Company Disclosures”) or as another way expressly included herein via reference in addition to: there being incorrect vital disruptions affecting operations, whether or not because of labour disruptions, provide disruptions, energy disruptions, harm to apparatus or another way; allowing, building, operations, enlargement and acquisitions at El Valle, Don Mario and Taguas being in step with the Corporate’s stream expectancies; political trends in any jurisdiction during which the Corporate operates being in step with its stream expectancies; positive value guesses for gold, copper and silver; costs for key provides being roughly in step with stream ranges; manufacturing and price of gross sales forecasts assembly expectancies; the accuracy of the Corporate’s stream mineral store and mineral useful resource estimates; labour and fabrics prices expanding on a foundation in step with Orvana’s stream expectancies; and the supply of important price range to explode the Corporate’s plan. With out proscribing the generality of the foregoing, this information reduce additionally incorporates positive “forward-looking statements” throughout the that means of appropriate securities law, together with, with out limitation, references to the result of the Corporate’s exploration actions, together with however no longer restricted to, drilling effects and analyses, mineral useful resource estimation, conceptual mine plan and operations, interior fee of go back, sensitivities, taxes, internet provide worth, possible cures, design parameters, working prices, capital prices, manufacturing information and financial possible; the timing and prices for manufacturing choices; allowing timelines and necessities; exploration and deliberate exploration systems; and the Corporate’s common goals and methods.

A lot of inherent dangers, uncertainties and elements, lots of that are past the Corporate’s keep an eye on, impact the operations, efficiency and result of the Corporate and its trade, and may just purpose fresh occasions or effects to fluctuate materially from estimated or expected occasions or effects expressed or implied via ahead searching statements. A few of these dangers, uncertainties and elements come with: the possible affect of world condition and world financial statuses at the Corporate’s trade and operations, together with: our talent to proceed operations; and our talent to top demanding situations offered via such statuses; the overall financial, political and social affects of  the ongoing struggle between Russia and Ukraine, our talent to help the sustainability of our trade together with during the building of emergency control plans, expanding secure ranges for key provides, tracking of steering from the clinical crowd, and engagement with native communities and government; fluctuations in the cost of gold, silver and copper; the want to recalculate estimates of assets in keeping with fresh manufacturing enjoy; the failure to reach manufacturing estimates; permutations within the grade of ore mined; permutations in the price of operations; the supply of certified body of workers; the Corporate’s talent to acquire and uphold all important regulatory approvals and licenses; Orovalle’s talent to finish the allowing means of the El Valle Tailings Attic Facility expanding the vault capability; Orovalle’s talent to finish the stabilization challenge of the legacy perceivable pit wall; the Corporate’s talent to virtue cyanide in its mining operations; dangers most often related to mineral exploration and building, together with the Corporate’s talent to proceed to function the El Valle and/or talent to renew operations on the Carlés Mine; the Corporate’s talent to effectively whole the Don Mario Plant enlargement to procedure the stream oxides stockpiles at Don Mario; the Corporate’s talent to effectively perform exploration and building plans at Taguas; enough investment to hold out exploration and building plans at Taguas and to procedure the oxides stockpiles at Don Mario; EMIPA’s talent to finalize the OSP monetary type and therefore whole the desired investment for the OSP; the Corporate’s talent to obtain and manufacture mineral homes and to effectively combine such acquisitions; the Corporate’s talent to explode on its technique; the Corporate’s talent to acquire financing when required on phrases which might be applicable to the Corporate; demanding situations to the Corporate’s pursuits in its attribute and mineral rights; stream, pending and proposed legislative or regulatory trends or adjustments in political, social or financial statuses within the international locations during which the Corporate operates; common financial statuses international; the demanding situations offered via world condition statuses; fluctuating operational prices similar to, however no longer restricted to, energy provide prices; stream and presen environmental issues; and the dangers known within the Corporate’s disclosures. This checklist isn’t exhaustive of the standards that can impact any of the Corporate’s forward-looking statements and reference will have to even be made to the Corporate’s Disclosures for an outline of alternative chance elements.

Any forward-looking statements made herein with recognize to the predicted building and exploration of the Corporate’s mineral initiatives are supposed to handover an outline of control’s expectancies with recognize to positive presen actions of the Corporate and will not be suitable for alternative functions. Ahead-looking statements are in keeping with control’s stream plans, estimates, projections, ideals and critiques and, aside from as required via regulation, the Corporate does no longer adopt any legal responsibility to replace forward-looking statements will have to guesses indistinguishable to those plans, estimates, projections, ideals and critiques trade. Readers are cautioned to not put undue reliance on forward-looking statements. The forward-looking statements made on this data are supposed to handover an outline of control’s expectancies with recognize to positive presen working actions of the Corporate and will not be suitable for alternative functions.

SOURCE Orvana Minerals Corp.