Orovalle Minerals S.L.

Orvana Beats Spain Gold Guidance as Bolivia Ramp-Up Lags

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Orvana Beats Spain Gold Guidance as Bolivia Ramp-Up Lags

Toronto – October 15, 2026 -- Orvana Minerals Corp. produced 45,160 gold equivalent ounces (GEO) in fiscal 2026, with its Spanish Orovalle mine beating gold guidance while the Bolivian EMIPA unit fell far short of its withdrawn targets.

Orovalle exceeds gold guidance at 37,775 ounces

Orovalle produced 37,775 ounces of gold in FY2026, about 2% above the top of its 34,000 to 37,000 ounce guidance range. Copper output of 2.9 million pounds landed within the 2.7 to 3.0 million pound range. The mine processed 518,525 tonnes of ore and produced 43,074 GEO, including 100,255 ounces of silver.

In Q4, Orovalle poured 10,347 ounces of gold, up 7% on the prior quarter, on a 10% higher gold grade and a 0.8% recovery gain. Copper output rose 17% to 0.8 million pounds on a 13% grade increase and 7% better recovery. Tonnes milled fell 3%. Orvana attributed the grade shifts to changing oxide and skarn proportions and blending sequences.