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BRIEF-Orvana issues increased annual production guidance for 2018

Published 2017-09-13, 07:28 a/m
© Reuters.  BRIEF-Orvana issues increased annual production guidance for 2018
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Sept 13 (Reuters) - Orvana Minerals Corp ORV.TO :

* Orvana issues increased annual production guidance for 2018

* Orvana Minerals Corp - fiscal 2018 gold production guidance of 110,000 to 120,000 ounces, an increase of 25% over 2017

* Orvana Minerals Corp - Don Mario transitioning to Cerro Felix by Q3 2018

* Orvana Minerals Corp - company remains on track to meet its fiscal 2017 guidance

* Orvana Minerals Corp - sees FY 2018 COC and AISC of $950-1050 and $1150-1250 respectively, a decrease of 10% compared to 2017

* Orvana Minerals Corp sees total capital expenditures $24.0 million - $27.0 million for FY 2018; sees capex $27.0 - $30.0 million for FY 2017

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