May 14 (Reuters) - Orvana Minerals Corp ORV.TO :
* ORVANA REPORTS IMPROVED SECOND QUARTER FINANCIAL RESULTS
* Q2 REVENUE $36 MILLION
* ON TRACK TO DELIVER 2019 PRODUCTION GUIDANCE
* QTRLY GOLD PRODUCTION OF 27,306 OUNCES AND 1.4 MILLION POUNDS OF COPPER
* QTRLY EARNINGS PER SHARE $0.02
* QTRLY AISC OF $1,107 - 5% LOWER COMPARED TO $1,161 IN Q1 2019
* PURCHASE AGREEMENT TO ACQUIRE TAGUAS GOLD PROPERTY, SAN JUAN, ARGENTINA
* ORVANA - AS CONSIDERATION FOR 100% OF TAGUAS, WILL GRANT VENDOR NET SMELTER ROYALTY EQUAL TO 2.5% ON FUTURE METALS PRODUCTION MINED FROM PROPERTY