tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Orvana Secures $25M Financing and Offtake Agreements for Don Mario Expansion

Story Highlights
Orvana Secures $25M Financing and Offtake Agreements for Don Mario Expansion

Meet Your ETF AI Analyst

The latest announcement is out from Orvana Minerals ( (TSE:ORV) ).

Orvana Minerals Corp. announced that its Bolivian subsidiary, Empresa Minera Paitití, S.A., has secured a US$25 million prepayment facility and entered into offtake agreements with Trafigura for copper cathodes and doré bars from the Don Mario Operation. This financing will fully fund the remaining capital needed for the Don Mario plant expansion, which is on track for completion by the end of 2025, with commissioning expected in early 2026. The agreements provide financial support and market certainty, enhancing Orvana’s operational capabilities and industry positioning.

The most recent analyst rating on (TSE:ORV) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Orvana Minerals stock, see the TSE:ORV Stock Forecast page.

Spark’s Take on TSE:ORV Stock

According to Spark, TipRanks’ AI Analyst, TSE:ORV is a Neutral.

Orvana Minerals’ stock score is primarily influenced by its financial performance and technical analysis. While the company shows positive revenue growth and strong market momentum, its profitability issues and negative P/E ratio weigh heavily on the overall score.

To see Spark’s full report on TSE:ORV stock, click here.

More about Orvana Minerals

Orvana Minerals Corp. is a multi-mine gold-copper-silver company with operations including the Orovalle operation in northern Spain, the Don Mario operation in Bolivia, and the Taguas property in Argentina.

Average Trading Volume: 242,864

Technical Sentiment Signal: Buy

Current Market Cap: C$166.7M

See more data about ORV stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1