TORONTO, Jan. 8, 2015 /TRENDINGGLOBALNEWS/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to announce that Ms. Daniella Dimitrov, Chief Financial Officer, will be attending the Vancouver Resource Investment Conference on Sunday, January 18 and Monday, January 19, 2015.
Investors,
media and other stakeholders and interested parties are invited to
visit Orvana Minerals at booth number 1305 while at the Conference.
For further information please contact the Investor Relations Department directly at 416 369-6275 or 647 964 0292.
About OrvanaOrvana
Minerals is a multi-mine gold and copper producer. Orvana's operating
assets consist of the EVBC gold-copper mine in northern Spain and copper-gold-silver Don Mario Mine in Bolivia. Additional information is available at Orvana's website (www.orvana.com).
Forward Looking Disclaimer
Certain
statements in this press release 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" 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 EVBC's mine life beyond the life of mine estimate set forth
herein; Orvana's ability to optimize its assets to deliver shareholder
value; Orvana's ability to optimize production at Boinás; the expected
costs associated with the suspension of mining activities at Carlés; the
Company's ability to emerge stronger from the turnaround work executed
at EVBC in 2014; estimates of future production, 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; 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 Orvana as of the date
of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. The estimates
and assumptions of Orvana 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 the
Company'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 the EVBC and Don Mario Mines
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; 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 anticipated 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 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; variations in the costs associated with the
suspension of mining at Carlés; 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 exploration
and development, including the Company's ability to continue to operate
the EVBC Mines and/or the Don Mario Mine; the Company's ability to
acquire and develop mineral properties and to successfully integrate
such acquisitions; the Company's ability to obtain financing when
required on terms that are acceptable to the Company; the Company's
ability to execute on its strategy; 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; and the risks
identified in the Company Disclosures under the heading "Risks and
Uncertainties". 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 Disclosures for a description of
additional risk factors.
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.
Cautionary Notes to Investors - Reserve and Resource Estimates
In
accordance with applicable Canadian securities regulatory requirements,
all mineral reserve and mineral resource estimates of the Company
disclosed in this news release have been prepared as at September 30, 2014
in accordance with Canadian National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101"), classified in accordance
with Canadian Institute of Mining Metallurgy and Petroleum's "CIM
Standards on Mineral Resources and Reserves Definitions and Guidelines"
(the "CIM Guidelines").
Pursuant
to the CIM Guidelines, mineral resources have a higher degree of
uncertainty than mineral Reserves as to their existence as well as their
economic and legal feasibility. Inferred mineral resources, when
compared with measured or indicated mineral resources, have the least
certainty as to their existence, and it cannot be assumed that all or
any part of an inferred mineral resource will be upgraded to an
indicated or measured mineral resource as a result of continued
exploration. Pursuant to NI 43-101, inferred mineral resources may not
form the basis of any economic analysis, including any feasibility
study. Accordingly, readers are cautioned not to assume that all or any
part of a mineral resource exists, will ever be converted into a mineral
Reserve, or is or will ever be economically or legally mineable or
recovered.
source:http://www.prnewswire.com/
0 comments:
Post a Comment