Orvana Exhibits at 2019 PDAC Toronto, Canada Debuts Comprehensive Video of Operations in Spain and Bolivia
1
Date: March 1, 2019 #05-2019
Orvana Exhibits at 2019 PDAC Toronto, Canada
Debuts Comprehensive Video of Operations in Spain and Bolivia
Toronto, Ontario, March 1, 2019 - Orvana Minerals Corp. (TSX:ORV) (the “Company” or “Orvana”) is
pleased to announce that it w ill be exhibiting at the 2019 Pros pectors and Developers Association of Canada
(PDAC) International Conference being held in Toronto at the Metro Toronto Convention Centre from March 3
to 6, 2019.
Orvana cordially invites shareholders, investors, brokers, analysts, and interested parties, to learn more about
its operations and growth perspectives via brownfield and gre enfield exploration programs, by visiting booth
#2243 in the Investors Exchange area of PDAC.
Orvana will be presenting a full-length video of its operations, showcasing highlights of OroValle’s site in Spain,
and EMIPA’s site in Bolivia. T he video presentation will also b e made available on the Company’s website at
http://www.orvana.com
ABOUT ORVANA
Orvana is a multi-mine gold-coppe r-silver producer with organic growth opportunities. Orvana’s current
operating properties consist of:
the El Valle and Carlés underground mines located in Asturias, northern Spain, where copper
concentrates and doré bars are produced; and
the Don Mario Mine Complex, which includes the Cerro Felix sat ellite open pit, the Las Tojas ore body,
and the previously mined Lower Mineralized Zone and Upper Miner alized Zone, located in Bolivia,
where doré bars are produced.
Orvana’s strategic focus is on initiatives and opportunities th at deliver long-term shar eholder value. In that
regard, Orvana is currently working to optimize its operations, reduce its unitary oper ating costs and realize
growth in its future production base through exploration within, and in proximity, to its existing operations.
ABOUT PDAC
The PDAC International Convention, Trade Show & Investors Excha nge is the world’s leading convention for
people, companies and organizations in, or connected with, mine ral exploration. For more information about
the conference, visit: http://pdac.ca/convention
For further information about the Company, please contact:
Nuria Menéndez
Chief Financial Officer
Joanne Jobin
Investor Relations Officer
T: 647 964 0292
Cautionary Statements - Forward-Looking Information
Certain statements in this information 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
2
such as “believes”, “expects”, “plans”, “estimates” or “intends” or stating that certain actions, events or results “may”, “cou ld”, “would”,
“might”, “will” or “are projected to” 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 potential
to extend the mine life of El Valle and Don Mario beyond their curr ent life-of-mine estimates including specifically, but not limited to in the
case of Don Mario, the mining of the Cerro Felix deposit, the processing of the mineral stockpiles (including the implementatio n of the
SART circuit) and the reprocessing of the ta ilings material; Orvana’s ability to optim ize its assets to deliver shareholder val ue; the
Company’s ability to optimize productivity at Don Mario and El Valle; estimates of future production, operating costs and capit al
expenditures; mineral resource and reserve estimates; statem ents and information regarding future feasibility studies and their results;
future transactions; future metal prices; the ability to achieve additional growth and geographic diversification; future financial performance,
including the ability to increase cash flow and profits; future financing requirements; and mine development plans.
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 subj ect to significant business, ec onomic and competitive uncertainti es and
contingencies. The estimates and assumptions of the Company contai ned or incorporated by reference in this information, which m ay
prove to be incorrect, include, but are not limited to, the variou s 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 ex pressly incorporated herein by reference as well as: there being no significant disrup tions
affecting operations, whether due to labour disruptions, supply disruptions, power disr uptions, damage to equipment or otherwis e;
permitting, development, operations, expansion and acquisitions at El Valle and Don Mario being consistent with the Company’s current
expectations; political developments in any jurisdiction in which the Company oper ates being consistent wi th its current expect ations;
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;
and labour and materials costs increasing on a basis consistent with Orvana’s current expectations.
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 an ticipated
events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include fluctuations in
the price of gold, silver and copper; the need to recalculate es timates of resources based on ac tual 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; the Company’s ability to use cyanide in its
mining operations; risks generally associated with mineral expl oration and development, including the Company’s ability to cont inue to
operate the El Valle and/or Don Mario and/or ability to resume long-term operations at the Carlés Mine; the Company’s ability to successfully
implement the SART circuit to process the current oxides sto ckpiles at Don Mario; 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 Comp any; challenges to the Company’s interests in its property and mineral
rights; current, pending and proposed legislat ive or regulatory developments or changes in political, social or economic condit ions in the
countries in which the Company operates; general economic conditions worldwide; 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 in this document with respec t 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 stateme nts.
The forward-looking statements made in this information are intended to provide an ov erview of management’s expectations with respect
to certain future operating activities of the Company and may not be appropriate for other purposes.