ORVANA REPORTS FOURTH QUARTER AND FISCAL 2026 PRODUCTION RESULTS - Spain Annual Gold Production Exceeds Guidance - PR Newswire

AI desk brief

Orvana reported FY2026 consolidated production of 45,160 GEO, including 39,282 oz gold, 3.1m lb copper and 112,499 oz silver; Q4 output was 12,947 GEO, including 10,895 oz gold. The main positive was Spain’s Orovalle operation, where FY2026 gold production of 37,775 oz came in about 2% above the top end of guidance, while copper was within range.

At Don Mario in Bolivia, the expanded plant produced its first gold doré and copper cathodes in Q4, but FY2026 results missed guidance after delayed oxide processing, lower-than-planned throughput and weaker metallurgical recoveries during ramp-up. Management also flagged inflationary cost pressures and workforce challenges, while targeting progressive throughput gains toward about 1,700 tonnes/day by end-2026.