TORONTO, Sept. 12, 2022 /PRNewswire/ -- Orvana Minerals
Corp. (TSX: ORV) (the "Company" or "Orvana") ")
is pleased to announce that it will be attending the Precious
Metals Summit in Colorado.
Ms. Nuria Menéndez, Chief Financial Officer and Mr. Raúl
Álvarez, Director of Exploration and Technical Services, will be
attending the Precious Metals Summit held at Beaver Creek, Colorado during September 13-16, 2022. Ms. Menéndez will be
presenting on Wednesday September 14,
2022 at 10.00 (MT).
The Company Presentation is available on Orvana's website at:
https://www.orvana.com/English/investors/presentations/default.aspx
ABOUT ORVANA – Orvana is a gold-copper-silver company.
Orvana's assets consist of the producing Orovalle Operation in
northern Spain, the Don Mario
property in Bolivia, currently in
care and maintenance, and the Taguas property located in
Argentina. Additional information
is available at Orvana's website (www.orvana.com).
Cautionary Statements – Forward-Looking
Information
Certain statements in this presentation constitute
forward-looking statements or forward-looking information within
the meaning of applicable securities laws ("forward-looking
statements"). Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, potentials, future events or
performance (often, but not always, using words or phrases such as
"believes", "expects", "plans", "estimates" or "intends" or stating
that certain actions, events or results "may", "could", "would",
"might", "will", "are projected to" or "confident of" be taken or
achieved) are not statements of historical fact, but are
forward-looking statements.
The forward-looking statements herein relate to, among other
things, Orvana's ability to achieve improvement in free cash flow;
the ability to maintain expected mining rates and expected
throughput rates at El Valle Plant; the potential to extend the
mine life of El Valle and Don Mario beyond their current
life-of-mine estimates including specifically, but not limited to,
in the case of Don Mario, the processing of the mineral stockpiles
and the reprocessing of the tailings material, and sufficient
funding to proceed with the processing; Orvana's ability to
optimize its assets to deliver shareholder value; the Company's
ability to optimize productivity at Don Mario and El Valle;
estimates of future production (including without limitation,
production guidance), operating costs and capital expenditures;
mineral resource and reserve estimates; statements and information
regarding future feasibility studies and their results; future
transactions; future metal prices; the ability to achieve
additional growth and geographic diversification; and future
financial performance, including the ability to increase cash flow
and profits; future financing requirements; mine development plans;
and the possibility of the conversion of inferred mineral resources
to mineral reserves.
Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies, which includes,
without limitation, as particularly set out in the notes
accompanying the Company's most recently filed financial
statements. The estimates and assumptions of the Company contained
or incorporated by reference in this information, which may prove
to be incorrect, include, but are not limited to the various
assumptions set forth herein and in Orvana's most recently filed
Management's Discussion & Analysis and Annual Information Form
in respect of the Company's most recently completed fiscal year
(the "Company Disclosures") or as otherwise expressly incorporated
herein by reference as well as: there being no significant
disruptions affecting operations, whether due to labour
disruptions, supply disruptions, power disruptions, damage to
equipment or otherwise; permitting, development, operations,
expansion and acquisitions at El Valle and Don Mario being
consistent with the Company's current expectations; political
developments in any jurisdiction in which the Company operates
being consistent with its current expectations; certain price
assumptions for gold, copper and silver; prices for key supplies
being approximately consistent with current levels; production and
cost of sales forecasts meeting expectations; the accuracy of the
Company's current mineral reserve and mineral resource estimates;
labour and materials costs increasing on a basis consistent with
Orvana's current expectations; and the availability of necessary
funds to execute the Company's plan. Without limiting the
generality of the foregoing, this news release also contains
certain "forward-looking statements" within the meaning of
applicable securities legislation, including, without limitation,
references to the results of the Company's exploration activities,
including but not limited to, drilling results and analyses,
mineral resource estimation, conceptual mine plan and operations,
internal rate of return, sensitivities, taxes, net present value,
potential recoveries, design parameters, operating costs, capital
costs, production data and economic potential; the timing and costs
for production decisions; permitting timelines and requirements;
exploration and planned exploration programs;; and the Company's
general objectives and strategies.
A variety of 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 could
cause actual events or results to differ materially from estimated
or anticipated events or results expressed or implied by forward
looking statements. Some of these risks, uncertainties and factors
include: the potential impact of the COVID-19 on the Company's
business and operations, including: our ability to continue
operations; our ability to manage challenges presented by COVID-19;
the accounting treatment of COVID-19 related matters; Orvana's
ability to prevent and/or mitigate the impact of COVID-19 and other
infectious diseases at or near our mines; the general economic,
political and social impacts of the continuing conflict
between Russia and Ukraine, our ability to support the
sustainability of our business including through the development of
crisis management plans, increasing stock levels for key supplies,
monitoring of guidance from the medical community, and engagement
with local communities and authorities; fluctuations in the price
of gold, silver and copper; the need to recalculate estimates of
resources based on actual production experience; the failure to
achieve production estimates; variations in the grade of ore mined;
variations in the cost of operations; the availability of qualified
personnel; the Company's ability to obtain and maintain all
necessary regulatory approvals and licenses; the Company's ability
to use cyanide in its mining operations; risks generally associated
with mineral exploration and development, including the Company's
ability to continue to operate the El Valle and/or ability to
resume long-term operations at the Carlés Mine; the Company's
ability to successfully implement a sulphidization circuit and
ancillary facilities to process the current oxides stockpiles at
Don Mario; the Company's ability to successfully carry out
development plans at Taguas; sufficient funding to carry out
development plans at Taguas and to process the oxides stockpiles at
Don Mario; the Company's ability to acquire and develop mineral
properties and to successfully integrate such acquisitions; the
Company's ability to execute on its strategy; the Company's ability
to obtain financing when required on terms that are acceptable to
the Company; challenges to the Company's interests in its 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 the Company operates; general
economic conditions worldwide; the challenges presented by
COVID-19; fluctuating operational costs such as, but not limited
to, power supply costs; current and future environmental matters;
and the risks identified in the Company's disclosures. This list is
not exhaustive of the factors that may affect any of the Company's
forward-looking statements and reference should also be made to the
Company's Disclosures for a description of additional risk
factors.
Any forward-looking statements made herein with respect to
the anticipated development and exploration of the Company's
mineral projects are intended to provide an overview of
management's expectations with respect to certain future activities
of the Company and may not be appropriate for other purposes.
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 undertake any obligation to
update forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions change.
Readers are cautioned not to put undue reliance on forward-looking
statements. The forward-looking statements made in this information
are intended to provide an overview of management's expectations
with respect to certain future operating activities of the Company
and may not be appropriate for other purposes.
CONTACT: Nuria Menéndez, Chief Financial Officer, E:
nmenendez@orvana.com