Operational Performance

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fiscal 2026, with its Spanish Orovalle mine beating gold guidance while the Bolivian EMIPA unit fell far short of its withdrawn targets.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.

Oslo – October 11, 2026 -- TGS expects multi-client investment of about USD 63 million in Q3 2026, down from USD 85.9 million in Q3 2025, according to its preliminary financial review.

OBN crew count of 2.2 beats expectations

The normalized Ocean Bottom Node (OBN) crew count for the third quarter was 2.2, slightly above company expectations. TGS completed two OBN contracts during the period: one in the Gulf of America for a client with which it has a long-term capacity agreement, and a node-on-a-rope contract in Europe.

North Sea project drags down streamer utilization

Streamer 3D vessel utilization came in below expectations, even though bookings were high going into the quarter. CEO Kristian Johansen attributed the shortfall to operational challenges on a North Sea multi-client project, which was completed in September.