Miner Orvana's Q2 revenue rises 70% quarter-over-quarter on higher prices and volumes

Overview

• Canada gold-copper-silver miner's fiscal Q2 revenue rose 70% quarter-over-quarter to $54.4 mln

• Company returned to profitability with Q2 net income of $19.6 mln after prior quarter loss

• Oxide stockpile processing at Bolivia's Don Mario expected to commence in coming weeks

Outlook

• Orvana expects Orovalle FY2026 gold output of 34,000–37,000 oz and copper output of 2.7–3.0 mln lbs

• Company maintains FY2026 EMIPA guidance: 13,000–14,000 oz gold, 6.7–7.5 mln lbs copper

• Feeding Don Mario plant with oxide ore to start in coming weeks, followed by ramp-up

Result Drivers

• HIGHER METAL PRICES & SALES VOLUMES - Co said Q2 revenue growth was driven by higher realized metal prices and increased sales volumes

• DON MARIO PRODUCTION RESTART - Q2 marked first metal production at Don Mario since 2020 after plant upgrades and circuit testing

• OROVALLE GOLD OUTPUT DECLINE - Lower gold output at Orovalle due to 9% lower head grade and 1% lower recoveries, partly offset by higher copper production

Company press release: ID:nPn74Pf1ma

Key Details

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