Orvana Minerals Achieves Significant Q2 FY2026 Production Milestones in Bolivia
Orvana Minerals Corp. has reported promising production results for the second quarter of fiscal year 2026, a period marked by the recommencement of gold and silver production at its Don Mario operation located in Bolivia. The latest figures reveal that the company produced a total of 10,738 Gold Equivalent Ounces (GEO) during this quarter, marking a significant achievement for the organization.
Juan Gavidia, the company’s CEO, emphasized that Q2 FY2026 represents a crucial turning point for Orvana, focusing on the successful restart of doré production at Don Mario. This development signifies the company’s ambitions in both Bolivia and Spain, where operations are reportedly aligning well with current production guidance for the fiscal year.
In Spain, Orvana's subsidiary, Orovalle, played an essential role in the production numbers, contributing 9,827 GEO, inclusive of 8,464 ounces of gold, 0.8 million pounds of copper, and 25,424 ounces of silver. Meanwhile, the Bolivian subsidiary, EMIPA, began to produce doré as part of a structured restart of Don Mario, yielding 911 GEO, which consisted of 893 ounces of gold and 1,055 ounces of silver during the quarter.
The mining process at Don Mario includes a meticulously planned ramp-up operation that has been closely monitored. After a halt in operations due to the depletion of mineral reserves back in early 2020, the company has taken strategic steps to bring the facility back online while optimizing production capabilities. The recent results reflect careful execution of these strategies and the ongoing commitment to boosting output levels.
The recent performance highlights from Orovalle and EMIPA not only underline production achievements but also indicate the firm’s capability to enhance operational efficiencies moving forward. For instance, while Orovalle managed to mill approximately 130,506 tons during Q2 FY2026, the average grades produced reflected some minor fluctuations, underscoring dynamic market conditions and ore quality variations.
Looking ahead, Orvana's focus is squarely on advancing the Oxides Stockpile Project at Don Mario. This project intends to process previously stockpiled oxide material, which has been strategically accumulated over the years of mining. The initiative encompasses significant upgrades to the processing facility, which are designed to better recover valuable materials like copper, gold, and silver from these stockpiles.
The Oxides Stockpile Project comprises several vital components, including enhancements to existing processing circuits and improvements in milling and crushing systems. Additionally, the project aims to ensure operational readiness by upgrading power generation facilities and training new personnel to handle the expected increase in production activities.
As part of the project’s milestones, Orvana began verification processes for the Don Mario Plant’s circuits, resulting in a strategic production run using low-grade ore from legacy stock. This landmark trial, conducted in February and March 2026, established a solid foundation for the full-scale operational integration between the existing and newly upgraded processing lines. Orvana expects that ramping up operations by processing oxide ore will commence shortly, with substantial production increases anticipated in the forthcoming months leading into the fourth quarter of FY2026.
Concluding the update on production and projects, Orvana Minerals continues to aim high in terms of operational output. The development and transition scenarios under the Oxides Stockpile Project and the ongoing performance of its subsidiaries are crucial to achieving the set production targets for FY2026. Stakeholders and the market will keenly await the consolidated operational and financial highlights expected to be shared later in May, which will provide further insights into the company's progress and future strategies.
Juan Gavidia, the company’s CEO, emphasized that Q2 FY2026 represents a crucial turning point for Orvana, focusing on the successful restart of doré production at Don Mario. This development signifies the company’s ambitions in both Bolivia and Spain, where operations are reportedly aligning well with current production guidance for the fiscal year.
In Spain, Orvana's subsidiary, Orovalle, played an essential role in the production numbers, contributing 9,827 GEO, inclusive of 8,464 ounces of gold, 0.8 million pounds of copper, and 25,424 ounces of silver. Meanwhile, the Bolivian subsidiary, EMIPA, began to produce doré as part of a structured restart of Don Mario, yielding 911 GEO, which consisted of 893 ounces of gold and 1,055 ounces of silver during the quarter.
The mining process at Don Mario includes a meticulously planned ramp-up operation that has been closely monitored. After a halt in operations due to the depletion of mineral reserves back in early 2020, the company has taken strategic steps to bring the facility back online while optimizing production capabilities. The recent results reflect careful execution of these strategies and the ongoing commitment to boosting output levels.
The recent performance highlights from Orovalle and EMIPA not only underline production achievements but also indicate the firm’s capability to enhance operational efficiencies moving forward. For instance, while Orovalle managed to mill approximately 130,506 tons during Q2 FY2026, the average grades produced reflected some minor fluctuations, underscoring dynamic market conditions and ore quality variations.
Looking ahead, Orvana's focus is squarely on advancing the Oxides Stockpile Project at Don Mario. This project intends to process previously stockpiled oxide material, which has been strategically accumulated over the years of mining. The initiative encompasses significant upgrades to the processing facility, which are designed to better recover valuable materials like copper, gold, and silver from these stockpiles.
The Oxides Stockpile Project comprises several vital components, including enhancements to existing processing circuits and improvements in milling and crushing systems. Additionally, the project aims to ensure operational readiness by upgrading power generation facilities and training new personnel to handle the expected increase in production activities.
As part of the project’s milestones, Orvana began verification processes for the Don Mario Plant’s circuits, resulting in a strategic production run using low-grade ore from legacy stock. This landmark trial, conducted in February and March 2026, established a solid foundation for the full-scale operational integration between the existing and newly upgraded processing lines. Orvana expects that ramping up operations by processing oxide ore will commence shortly, with substantial production increases anticipated in the forthcoming months leading into the fourth quarter of FY2026.
Concluding the update on production and projects, Orvana Minerals continues to aim high in terms of operational output. The development and transition scenarios under the Oxides Stockpile Project and the ongoing performance of its subsidiaries are crucial to achieving the set production targets for FY2026. Stakeholders and the market will keenly await the consolidated operational and financial highlights expected to be shared later in May, which will provide further insights into the company's progress and future strategies.
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