Brief: Orvana provides operational update on Don Mario's CIL project

Orvana Minerals

30/01/2017 11:00

Jan 30 (Reuters) - Orvana Minerals Corp  ORV.TO  
    * Orvana provides operational update on Don Mario's CIL 
project 
    * Orvana Minerals Corp says  re-commissioning of 
carbon-in-leach circuit ( "CIL project") at company's Don Mario 
mine is near completion 
    * Orvana Minerals Corp says  total capital costs for CIL 
project are expected to be in line with capital cost estimate 
commissioned by company in 2016 
    * Anticipates CIL circuit will deliver substantially higher 
average gold recoveries of about 80 pct compared to current 
average gold recoveries 
    * Expected increase in gold ounces produced will positively 
impact unitary cash costs and provide free cash flow in second 
half of 2017 
 
Source text for Eikon:  ID:nPnCj39ga  
Further company coverage:  ORV.TO  
 
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