TSX:ORV
TORONTO, February 14, 2025 /CNW/
- Orvana Minerals Corp. (TSX: ORV) (the "Company" or
"Orvana") is pleased to report the results of its annual
general shareholders' meeting (the "Meeting") held earlier today.
The individuals noted below were elected as directors of the
Company. The report on proxies provided by the Company's transfer
agent indicated the following:
Michael Davies received
75,412,414 votes (representing 93.62% of votes cast); Alfredo Garcia Gonzalez received 75,396,053
votes (representing 93.60% of votes cast); Robert Metcalfe received 75,411,914 votes
(representing 93.62% of votes cast); and Michael Mutchler received 75,412,414 votes
(representing 93.62% of votes cast).
Following the Meeting, Mr. Robert
Metcalfe was re-appointed as chairman of the board of
directors; Mr. Juan Gavidia was
re-appointed Chief Executive Officer; Ms. Nuria Menendez was re-appointed Chief Financial
Officer; and Mr. Binh Vu was
re-appointed Corporate Secretary/VP Legal Affairs, for the ensuing
year.
The Company also received 79,922,252 votes (representing 93.97%
of votes cast) to re-appoint PricewaterhouseCoopers LLP as the
Company's independent auditor for the ensuing year and to authorize
the directors to fix the auditor's remuneration.
For full voting details please see Orvana's voting results as
filed on SEDAR at www.sedarplus.ca
ABOUT ORVANA – Orvana is a multi-mine gold-copper-silver
company. Orvana's assets consist of the producing El Valle and
Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in
Bolivia, and the Taguas property
located in Argentina. Additional
information is available at Orvana's website (www.orvana.com).
Cautionary Statements – Forward-Looking
Information
Certain statements in this presentation constitute
forward-looking statements or forward-looking information within
the meaning of applicable securities laws ("forward-looking
statements"). Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, potentials, future events or
performance (often, but not always, using words or phrases such as
"believes", "expects", "plans", "estimates" or "intends" or stating
that certain actions, events or results "may", "could", "would",
"might", "will", "are projected to" or "confident of" be taken or
achieved) are not statements of historical fact, but are
forward-looking statements.
The forward-looking statements herein relate to, among other
things, Orvana's ability to achieve improvement in free cash flow;
the ability to maintain expected mining rates and expected
throughput rates at El Valle Plant; the potential to extend the
mine life of El Valle and Don Mario beyond their current
life-of-mine estimates including specifically, but not limited to,
Orvana's ability to optimize its assets to deliver shareholder
value; estimates of future production (including without
limitation, production guidance), operating costs and capital
expenditures; mineral resource and reserve estimates; statements
and information regarding future feasibility studies and their
results; future transactions; future metal prices; the ability to
achieve additional growth and geographic diversification; and
future financial performance, including the ability to increase
cash flow and profits; future financing requirements; mine
development plans; the possibility of the conversion of inferred
mineral resources to mineral reserves.
Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies, which includes,
without limitation, as particularly set out in the notes
accompanying the Company's most recently filed financial
statements. The estimates and assumptions of the Company contained
or incorporated by reference in this news release, which may prove
to be incorrect, include, but are not limited to the various
assumptions set forth herein and in Orvana's most recently filed
Management's Discussion & Analysis and Annual Information Form
in respect of the Company's most recently completed fiscal year
(the "Company Disclosures") or as otherwise expressly incorporated
herein by reference as well as: there being no significant
disruptions affecting operations, whether due to labour
disruptions, supply disruptions, power disruptions, damage to
equipment or otherwise; permitting, development, operations,
expansion and acquisitions at El Valle, Don Mario and Taguas being
consistent with the Company's current expectations; political
developments in any jurisdiction in which the Company operates
being consistent with its current expectations; certain price
assumptions for gold, copper and silver; prices for key supplies
being approximately consistent with current levels; production and
cost of sales forecasts meeting expectations; the accuracy of the
Company's current mineral reserve and mineral resource estimates;
labour and materials costs increasing on a basis consistent with
Orvana's current expectations; and the availability of necessary
funds to execute the Company's plan. Without limiting the
generality of the foregoing, this news release also contains
certain "forward-looking statements" within the meaning of
applicable securities legislation, including, without limitation,
references to the results of the Company's exploration activities,
including but not limited to, drilling results and analyses,
mineral resource estimation, conceptual mine plan and operations,
internal rate of return, sensitivities, taxes, net present value,
potential recoveries, design parameters, operating costs, capital
costs, production data and economic potential; the timing and costs
for production decisions; permitting timelines and requirements;
exploration and planned exploration programs; and the Company's
general objectives and strategies.
A variety of inherent risks, uncertainties and factors, many
of which are beyond the Company's control, affect the operations,
performance and results of the Company and its business, and could
cause actual events or results to differ materially from estimated
or anticipated events or results expressed or implied by forward
looking statements. Some of these risks, uncertainties and factors
include: the potential impact of global health and global economic
conditions on the Company's business and operations, including: our
ability to continue operations; and our ability to manage
challenges presented by such conditions; the general economic,
political and social impacts of the continuing conflict
between Russia and Ukraine, our ability to support the
sustainability of our business including through the development of
crisis management plans, increasing stock levels for key supplies,
monitoring of guidance from the medical community, and engagement
with local communities and authorities; fluctuations in the price
of gold, silver and copper; the need to recalculate estimates of
resources based on actual production experience; the failure to
achieve production estimates; variations in the grade of ore mined;
variations in the cost of operations; the availability of qualified
personnel; the Company's ability to obtain and maintain all
necessary regulatory approvals and licenses; Orovalle's ability to
complete the permitting process of the El Valle Tailings Storage
Facility increasing the storage capacity; Orovalle's ability to
complete the stabilization project of the legacy open pit wall; the
Company's ability to use cyanide in its mining operations; risks
generally associated with mineral exploration and development,
including the Company's ability to continue to operate the El Valle
and/or ability to resume operations at the Carlés Mine; the
Company's ability to successfully complete the Don Mario Plant
expansion to process the current oxides stockpiles at Don Mario;
the Company's ability to successfully carry out exploration and
development plans at Taguas; sufficient funding to carry out
exploration and development plans at Taguas and to process the
oxides stockpiles at Don Mario; EMIPA's ability to finalize the OSP
financial model and subsequently complete the required funding for
the OSP; the Company's ability to acquire and develop mineral
properties and to successfully integrate such acquisitions; the
Company's ability to execute on its strategy; the Company's ability
to obtain financing when required on terms that are acceptable to
the Company; challenges to the Company's interests in its property
and mineral rights; current, pending and proposed legislative or
regulatory developments or changes in political, social or economic
conditions in the countries in which the Company operates; general
economic conditions worldwide; the challenges presented by global
health conditions; fluctuating operational costs such as, but not
limited to, power supply costs; current and future environmental
matters; and the risks identified in the Company's disclosures.
This list is not exhaustive of the factors that may affect any of
the Company's forward-looking statements and reference should also
be made to the Company's Disclosures for a description of
additional risk factors.
Any forward-looking statements made herein with respect to
the anticipated development and exploration of the Company's
mineral projects are intended to provide an overview of
management's expectations with respect to certain future activities
of the Company and may not be appropriate for other purposes.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions and, except as
required by law, the Company does not undertake any obligation to
update forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions change.
Readers are cautioned not to put undue reliance on forward-looking
statements. The forward-looking statements made in this information
are intended to provide an overview of management's expectations
with respect to certain future operating activities of the Company
and may not be appropriate for other purposes.
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SOURCE Orvana Minerals Corp.
