US EditionApplied DNA Reports Second Quarter Fiscal 2025 Financial Results
- On May 14, 2025, from Toronto, Orvana Minerals Corp. Released its financial and operational performance data for the second quarter and the first half of fiscal year 2025.
- This report follows ongoing progress on the Don Mario Plant expansion by EMIPA, a subsidiary in Bolivia, which started construction last quarter and has completed earthworks.
- In Q2 FY2025, Orovalle, the Spanish subsidiary, produced 8,416 gold equivalent ounces, down 13% from the prior quarter due to lower tonnage milled and reduced grades of gold and copper.
- By April 30, 2025, around 20% of the Don Mario project’s capital expenditures had been incurred. CEO Juan Gavidia indicated that, provided the outstanding project financing is obtained, the company anticipates initiating ramp-up operations in early 2026.
- The report indicates that completing the plant expansion by the end of 2025 depends on securing additional funding, while forward-looking statements caution that results may vary due to various risks.
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ORVANA REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2025
TSX:ORV
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Total News Sources48
Leaning Left4Leaning Right5Center16Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 16%
C 64%
R 20%
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