Orvana Reports Improved Third Quarter Financial Results on Record Quarterly Gold Production

Orvana Minerals Corp. (TSX:ORV) (the “Company” or “Orvana”) announced today financial and operational results for the third quarter of fiscal 2017 (“Q2 2017”). The Company is also providing financial and operational results for its El Valle and Carlés Mines (collectively, “El Valle”) operations in northern Spain and for its Don Mario Mine in Bolivia.

As quoted in the press release:

“At El Valle, the recent increases to higher grade oxide production have demonstrated the improving flexibility of the mine and allowed for sustained gold production through the quarter, despite lower than expected grades from skarn production,” commented Jim Gilbert, Chairman and CEO. “We look forward to reporting our continued progress on improving our oxide production at El Valle, targeting further decreases in unitary costs. With Don Mario also registering higher recoveries and gold production this year, Orvana is on track to meet the fiscal 2017 guidance laid out at the beginning of the year.”

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