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Orvana Minerals to suspend operations at Las Tojas in Bolivia

Christian Fernsby ▼ | November 12, 2019
Orvana Minerals provided an update on operations for its EMIPA operations located in Bolivia and its Orovalle operations, located in Northern Spain.
Orvana Minerals
LatAm   Orvana Minerals
The Company has determined to suspend mining operations at Las Tojas effective on or before December 31, 2019 because of a higher than expected ore-grade operational mining dilution with more narrow, erratic and discontinued mineralized structures, which is resulting in uneconomic unitary cost per ounce.

Topics: Orvana Minerals Bolivia

Notwithstanding the suspension of mining operations at Las Tojas, the previously announced development and engineering of the oxides stockpile that has accumulated from past mining activities at Don Mario (the "Oxides Stockpile Project") continues to advance.

The Company anticipates that, subject to the favourable completion of technical, economic and funding analysis, the sulphidization circuit and ancillary facilities will be in full production by FY2021 to process the oxides stockpile.

During this one-year interim period, contractors will be developing the Oxides Stockpile Project at site, while undertaking care and maintenance of existing facilities.


 

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