Orvana Minerals Achieves Quarterly Production Boost Amid Annual Output Consistency
October 16, 2023
Orvana Minerals has witnessed an uptick in its production for the fourth quarter, fulfilling its annual production aspirations due to robust quarterly results in the concluding three months.
In-Depth Production Analysis:
- Gold-equivalent production during the fiscal fourth quarter registered an increase, reaching 15,567 ounces compared to 15,344 ounces in the same quarter of the previous year.
- A surge was noted in gold production, climbing to 12,427 ounces.
- Copper production followed suit, with figures climbing to 1.36 million pounds.
- In contrast, silver production underwent a decline, settling at 38,861 ounces.
Annual Production Synopsis:
- Despite the quarter's vigor, the annual production saw a minor dip, with gold-equivalent ounces decreasing to 57,250 from 57,658 ounces in the preceding year.
- Gold output for the year stood at 46,259 ounces, fitting comfortably within Orvana's anticipated output range of 46,000 to 51,000 ounces.
- Exceeding forecasts, copper production tallied at 4.52 million pounds, outperforming the company's projected 4 million to 4.4 million pounds.
These statistics highlight Orvana Minerals' steadfast operational performance and its capacity to reach production targets, notwithstanding variances in specific segments of its commodity production.
This may also be interesting: "Weekly Metals News Digest (Oct 9-13)"
