Orvana lifts 2018 guidance 25%

Gold and copper miner Orvana Minerals has issued its new production guidance for 2018, aiming 25% higher than that of the current year. The TSX-listed miner, which owns mines in Spain and Bolivia, advised on Wednesday that fiscal 2018 gold output is estimated between 110 000 oz to 120 000 oz, at cash operating costs (COC) of $950/oz to $1 050 and forecast all-in sustaining costs (AISC) ranging between $1 150 to $1 250/oz – 10% lower than that of 2017.