$ORV.TO

Orvana Minerals Provides Taguas Project Update; Shares Fell 18% on Tuesday

Orvana Minerals (ORV.TO), which saw its shares drop by more than 18% yesterday, provided updates on its deep drilling campaign at the Taguas project in Argentina, including additional assay results, the company said in a Wednesday news release.The company also provided an update on planned next steps, with laboratory analyses and supporting studies ongoing.ORV said in a strategic context it has expanded its evaluation of the project beyond the near-surface oxidized gold-silver resource outlined in a 2021 preliminary economic assessment to include the underlying sulfide mineralization and potential porphyry-style copper-gold mineralization. An updated geological model has been completed and a geological survey was conducted to identify potential deeper targets to a depth of 1,500 meters.Results from the geophysical survey, combined with the recent review of historical exploration data, have been used to prioritize key targets for the initial deep drilling, it added.Among highlights, complete lab results from drill hole TADD-278 returned 0.25 grams per tonne gold and 0.12% copper over 205 meters. Completion of second drill hole TADD-279 assay results, plus VNIR-SWIR Terraspec measurements, and geochronological studies is expected over the coming months to position Orvana for its October 2026 to April 2027 drilling campaign.Raul Alvarez, Director of Exploration and Technical Services of Orvana, said: "The latest drilling and ongoing technical studies continue to support our interpretation of a deep porphyry-related system at Taguas. The integration of VNIR-SWIR Terraspec data, geochemistry, and geological interpretation is helping us to vector toward the core of the system and refine targets for the next drilling phase."

Orvana Minerals Providing Taguas Drilling Update

Orvana Minerals Provides Update on Transport, Logistics Disruptions in Bolivia

Orvana Minerals (ORV.TO) provided an update on ongoing transport and logistics disruptions in Bolivia amid significant civil unrest and impacts on the oxide stockpile project at the Don Mario operation.Actions including nationwide strikes and road blockades in Bolivia are disrupting the movement of goods and personnel across the country and materially affecting logistics and supply chains nationwide, the company said in a Monday news release.The start of oxide ore processing at Don Mario is being directly impacted by constraints on the supply of required materials.As a result, the start of oxide ore processing will be delayed beyond the previously announced timeline. The company is not in a position to provide a revised start-up date at this time.The Don Mario operation is operated through Orvana's controlled subsidiary Empresa Minera Paitiiti. EMIPA has completed the verification phase of the Don Mario plant's gold-silver circuit, producing 959 gold ounces and 1,079 silver ounces of dore from the processing of legacy sulphide ore.Following completion of the gold-silver testing phase, EMIPA advanced the commissioning and integration of the copper leaching, solvent extraction and electro-winning circuits. The expanded plant is now undergoing final testing and operational readiness verification.EMIPA is taking all available steps to advance oxide ore processing, including evaluating alternative and in-country sourcing options where feasible.The company is continuing to monitor the situation and will provide updates as the impact on EMIPA's operations becomes clearer.

Earnings Flash (ORV.TO) Orvana Minerals Reports Q2 Revenue $54.4M; Basic and Diluted $0.14; Provides Update On Oxides Stockpile Project and Taguas Drilling

Orvana Minerals Completes 14 Drill Holes in Fiscal Q2 at Orovalle Operation

Orvana Minerals (ORV.TO) completed a total of 14 drill holes during the fiscal second quarter across its El Valle-Boinas and Lidia areas of the Orovalle operation in northern Spain, the company said in an exploration update released late on Monday.The company's ongoing exploration programs at Orovalle are focused on extending known mineralization and supporting potential mine life growth.At El Valle-Boinas, the company drilled 2,845 meters during the quarter, mainly focused on Area 208 and Black Skarn. Infill drilling supports the continuity of oxide-hosted gold mineralization in Area 208, which remains open to the east.Brownfield drilling intersected gold mineralization in Area 208. Significant intercepts include 2.00 m at 19.55 grams per tonne gold and 0.30% copper and 6.00 m at 6.78 g/t gold.At Lidia, 880 m were drilled during the quarter, completing the fiscal year program, for a total of 1,427 m drilled. Results indicate that the target remains open to the southwest.

Orvana Minerals Reported Q3 Production Results, Updated On Oxides Stockpile Project in Bolivia

Orvana Minerals (ORV.TO) overnight Thursday reported production results for the second quarter of fiscal year 2026, ended March 31, 2026, and provided an update on the Oxides Stockpile Project at its Don Mario operation in Bolivia.Among highlights, the company had consolidated production of 10,738 of gold equivalent ounces during Q2 FY2026, Orovalle, the company's subsidiary in Spain, produced 9,827 GEO (8,464 gold ounces, 0.8 million copper pounds and 25,424 silver ounces). EMIPA, the company's subsidiary in Bolivia, produced dore during Q2 FY2026 as part of the phased restart of the Don Mario operation, contributing 911 GEO (893 gold ounces and 1,055 silver ounces) during the quarter.On outlook, Orvana said Orovalle is "on track" to meet FY2026 production guidance, based on results to date and current operating assumptions, and EMIPA is "on track" to meet FY2026 production guidance, based on results to date and current operating assumptions.On its oxides stockpile project, ORV noted the Don Mario operation, located in the Don Mario district in southeastern Bolivia, is owned and operated by EMIPA, Orvana's Bolivian subsidiary. Mining and milling operations at Don Mario were temporarily suspended in the first quarter of fiscal 2020 following depletion of the mineral reserves then being mined.The company said it is now advancing the Oxides Stockpile Project, which is designed to process oxide material that was stockpiled during previous years of mining at Don Mario. The project includes an expansion and upgrade of Don Mario Processing Plant to optimize the recovery of copper, gold and silver from these stockpiles.Juan Gavidia, CEO of Orvana, said: "Q2 FY2026 marks the restart of dore production at Don Mario in Bolivia, a significant milestone for Orvana. Operations in both Bolivia and Spain are performing in line with current expectations for FY2026 production guidance. We are pleased to be operating two production units again and are focused on completing the ramp-up and integration of the processing circuits at Don Mario, with the objective of increasing production levels over the coming quarters."Shares in ORV were down 4% in Canada yesterday.

Orvana Minerals Reported Overnight Production Results for Q2 FY26 and Provided Update On Oxides Stockpile Project at its Don Mario operation in Bolivia