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

Orvana Minerals

13/05/2026 13:07

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$54.4 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)