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This news release does not constitute an offering of securities in the United States. US. Securities may not be offered or sold in: US Not registered with the Securities and Exchange Commission or exempt from registration. The securities referenced in this news release will not be offered to the public in 2019. US.
Toronto, February 5, 2024 /CNW/ – Orvana Minerals Corporation (TSX:ORV) (“Company” or “Orbana”) announced that its subsidiary Empresa Minera Paiti SA (“EMIPA”) has filed with the Bolivian Stock Market unaudited financial statements for the first quarter of fiscal year 2024 (“First Quarter of Fiscal Year 2024”).in September 2023Autoridad de Supervision del Sistema Financiero (ASFI); bolivian The financial regulator has approved and registered EMIPA as an eligible bond issuer on the Bolivian stock market. As a registered bond issuer on the Bolivian stock market, EMIPA is required to submit quarterly financial statements to ASFI. The purpose of registering EMIPA as a qualified corporate bond issuer is to enable its subsidiaries to raise funds from the sale of corporate bonds. Bolivia To fund a proposed oxide reserve project. As of the date of this document, EMIPA continues to seek financing for oxide reserve projects. There is no guarantee that EMIPA's efforts will provide sufficient funding for oxide stockpile projects. The Company will provide ongoing updates on the status of EMIPA's Oxide Reserve project as important information develops, and will provide updates on EMIPA's financing efforts as further information becomes available.
Our company owns 100% of EMIPA's shares. Unaudited financial statements are available on the following ASFI landing page (“ASFI Page”):
To find EMIPA's financial statements, on the ASFI page select:
ENTIDADES REGULADAS – EMISORES: Empresa Minera Paitití, SA EMIPA
Ver: Estados Financieros
Orvana's first quarter 2024 consolidated financial highlights will be published in conjunction with the company's first quarter financials, which are expected in mid-February 2024.
About Orvana – Orvana is a multi-mine gold, copper and silver company. Orvana's assets consist of the El Valle mine and the Carlés gold-copper-silver mine in the north. SpainDon Mario's gold and silver assets. Boliviacurrently undergoing care and maintenance, are the following Tagus properties: Argentina. Additional information can be found on Orvana's website at www.orvana.com.
Cautionary Statement – Forward-Looking Information
Certain statements in this presentation constitute forward-looking statements or forward-looking information (“forward-looking statements”) within the meaning of applicable securities laws. Statements that express or involve discussions regarding expectations, expectations, beliefs, plans, projections, objectives, assumptions, possibilities, future events or performance (often, but not always, use words or phrases such as “plan,'' “estimate,'' or “intend,'' or “could'' or “likely'' result in a particular action, event, or outcome. , “will,'' “may,'' “will,'' “anticipate,'' or “believe.'' “Obtained or achieved” is not a statement of historical fact, but is a forward-looking statement.
Forward-looking statements herein relate, among other things, to Orvana's ability to achieve improved free cash flow. the ability to maintain expected mining rates and expected throughput rates at the El Valle plant; the potential for the El Valle and Don Mario mine lives to be extended beyond their current estimated lives; In particular, these include, but are not limited to, Orvana's ability to optimize assets to deliver shareholder value. estimates of future production (including, but not limited to, production guidance), operating costs and capital expenditures; Estimation of mineral resources and reserves. Statements and information regarding future feasibility studies and their results. future transactions. Future metal prices. our ability to achieve further growth and geographic diversification; future financial performance, including our ability to increase cash flows and profits; Future Financing Requirements. Mine development plan. the potential for inferred mineral resources to be converted into mineral reserves;
Forward-looking statements are necessarily subject to significant business, economic and competitive uncertainties and contingencies that the Company believes are reasonable as of the date of such statements. is based on numerous estimates and assumptions that are subject to change. As specifically described in the notes accompanying our recently filed financial statements. The Company's estimates and assumptions contained in or incorporated by reference in this news release may prove to be inaccurate, and management's discussion and analysis and annual information recently filed by Orvana and this document may prove to be inaccurate. including, but not limited to, various assumptions set forth in. FORM RELATING TO THE COMPANY’S MOST RECENTLY COMPLETED FINANCIAL YEAR (“COMPANY DISCLOSURE”), OR OTHER FORMS EXPRESSLY INCORPORATED HEREIN BY REFERENCE, AND THE FOLLOWING: LABOR INTERRUPTIONS, SUPPLY INTERRUPTIONS, POWER INTERRUPTIONS. , equipment or other damage. The permitting, development, operation, expansion and acquisitions in El Valle, Don Mario and Taguas are consistent with our current expectations. political developments in the jurisdictions in which we operate are consistent with our current expectations; Specific price assumptions for gold, copper, and silver. Prices for key supplies are broadly consistent with current levels. Production and cost of goods sold forecasts are in line with expectations. the accuracy of our current mineral reserve and mineral resource estimates; Labor and materials costs are increasing on a basis consistent with Orvana's current expectations. the availability of funds necessary to carry out the Company's plans; Without limiting the generality of the foregoing, this news release also contains certain “forward-looking statements” within the meaning of applicable securities laws. This includes, but is not limited to, references to the results of our exploration activities, including, but not limited to, drilling. Results and Analysis, Mineral Resource Estimation, Conceptual Mine Planning and Operations, Internal Rate of Return, Sensitivity, Taxes, Net Present Value, Recoverability, Design Parameters, Operating Costs, Capital Costs, Production Data and Economic Potential. . Timing and cost of production decisions. Allow for timelines and requirements. Exploration and planned exploration programs. and the company's general goals and strategies.
Various inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business and may cause actual events or results to differ from those estimated or anticipated. Events and results may differ significantly. expressed or implied by forward-looking statements. These risks, uncertainties and factors include the potential impact of global health and global economic conditions on our business and operations; and the ability to meet the challenges posed by such situations.the general economic, political and social consequences of the continuing conflict between the two countries; Russia and ukraine, our ability to support the sustainability of our operations, including by developing contingency plans, increasing inventory levels of key supplies, monitoring guidance from the medical community and engaging with local communities and authorities; Fluctuations in the prices of gold, silver and copper. The need to recalculate resource estimates based on actual production experience. failure to meet production forecasts; Variations in the grade of ore mined. Fluctuations in operating costs. Retaining qualified personnel. our ability to obtain and maintain all necessary regulatory approvals and licenses; Orovare's ability to complete the permitting process and increase storage capacity at the El Valle Tailings Storage Facility; Orovalle's ability to complete traditional open pit wall stabilization projects; our ability to use cyanide in our mining operations; risks generally associated with mineral exploration and development, including the Company's ability to continue operating the El Valle Mine and/or resume long-term operations at the Carles Mine; the company's ability to successfully install a sulfidation circuit and auxiliary facilities to process the oxides currently stockpiled at Don Mario; our ability to successfully execute our development plans at Tagus; Sufficient funds to carry out development plans at Taguas and process the oxide stockpiled at Don Mario. EMIPA may complete the issuance of the bond program at the following times: Bolivia Additional funding required to launch OSP. our ability to acquire and develop mineral properties and successfully integrate such acquisitions; ability to execute the company's strategy; our ability to obtain financing, if necessary, on terms acceptable to us; challenges to our interests in our property and mineral rights; current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which we operate; General economic conditions around the world. Challenges posed by the global health situation. Variable operating costs (such as power costs). Current and future environmental issues. and risks identified in our disclosures. This list is not exhaustive of the factors that may affect our forward-looking statements and you should also refer to our disclosures for a description of additional risk factors.
Forward-looking statements made herein with respect to the anticipated development and exploration of the Company's mineral projects are intended to provide a summary of management's expectations regarding certain future activities of the Company and for other purposes. may not be appropriate. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and, except as required by law, the Company does not believe that the assumptions associated with such plans, estimates, or projections are accurate. We undertake no obligation to update forward-looking statements, if any. Beliefs and opinions change. Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this information are intended to provide a summary of management's expectations regarding certain future operating activities of the Company and may not be appropriate for other purposes.
SOURCE Orvana Minerals Corp.
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