TORONTO, April 15, 2024 /CNW/ - Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") is pleased to report production and exploration updates from Orovalle, Spain, for the second quarter of fiscal year 2024 ("Q2 FY2024), ending March 31, 2024.

Highlights

Production of 10,101 Gold Equivalent Ounces (7,775 gold ounces, 1.1 million copper pounds and 26,728 silver ounces).
In January 2024, Orovalle successfully concluded negotiations regarding basic terms of its 2023-2025 Collective Bargain Agreement ("CBA"), which were ratified by workers' assemblies. Upon agreement to the basic terms of the new CBA, the 3-hour stoppages per shift strike that had commenced in mid November 2023 were halted.
As a consequence of this non-recurrent event, Orovalle's second quarter performance has been negatively impacted, and the tonnage mined and milled was below the plan for the quarter. Q2 FY2024 throughput of 136,371 tonnes was 23% below the second quarter of fiscal 2023. Gold grade was below the plan for the quarter, and copper grade was above the plan for the quarter, as a result of a different ore blend due to the changes in backfilling and mining sequencing.
2,854 m of Infill and Brownfield drilling, with key intercepts in Boinas South as follows:
DDH 23SB181: 20.65 m @ 9.01 g/t Au – 0.29 %Cu
DDH 23SB189: 11.50 m @ 3.26 g/t Au – 0.52 %Cu
3.00 m @ 52.98 g/t Au – 0.48 %Cu

DDH 23SB191: 12.20 m @ 4.03 g/t Au – 1.15 %Cu
DDH 23SB197: 11.00 m @ 4.11 g/t Au – 0.4 %Cu

see & read more on
https://www.orvana.com/English/news/news-details/2024/ORVANA-REPORTS-Q2-FY2024-PRODUCTION-AND-EXPLORATION-UPDATE/default.aspx