Orvana Minerals (ORV) 2026 Precious Metals Summit Zurich summary

Portfolio overview

• Three assets across Spain, Bolivia and Argentina: Spain in continuous gold-copper production since 2011, Bolivia restarted production in 2026, and Taguas in Argentina is an exploration-stage gold-copper project.

• Land packages across all three assets support exploration and potential mine-life growth.

Spain operations

• Underground gold-copper production at El Valle and satellite Carlés; FY2025 output was 38,000 oz gold and 2.9 million lb copper.

• More than 30,000 hectares of land; exploration near the plant targets new deposits and extensions to existing deposits to extend mine life.

Bolivia restart and expansion

• Production restarted in 2026, processing stockpiles through a new acid-leach, filtration and electrowinning circuit for copper cathodes; remaining material enters CIL for gold-silver doré.

• Ramp-up underway, with design capacity of 1,700 t/d targeted by end-December 2026; stockpile contains 129,000 oz gold and 41,000 tonnes copper.

• Around 8 million tonnes of tailings plus stockpiles could support a 6–7-year mine life; exploration and evaluation of remnant zones are resuming.