TORONTO, April 17, 2023 /CNW/ - Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") is pleased to report production results and drilling updates from Orovalle, Orvana's unit in Spain, for the second quarter of fiscal year 2023 ("Q2 FY2023), ended March 31, 2023.

Highlights

Q2 FY2023 production of 14,470 gold equivalent ounces (11,599 gold ounces, 1.1 million copper pounds and 35,000 silver ounces) (1)
3,072 m of infill drilling
882 m of greenfield drilling
Juan Gavidia, CEO of Orvana stated: "We are pleased to report consistent metal output for the quarter and reiterate our gold and copper production guidance for the full year. We are excited our resource exploration program continues to advance in Spain as planned, while gold price sits at an all-time highs range".

Q2 FY2023 Production Results

11,599 gold ounces produced, on track to meet fiscal year 2023 guidance of 46,000 - 51,000 Oz, with higher throughput planned for the second half of the fiscal year when compared to the first half.
1.1 million copper pounds produced, on track to meet fiscal year 2023 guidance of 4,000 – 4,400 K lb


Q2 FY2023 Q1 FY2023 Q2 FY2022 FY 2023 Guidance
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