Orvana Minerals Corp said it has secured USD11.3 million debt financing.
The group said the proceeds will be used to construct tailings storage facility expansion project that will add capacity to support operations.
Orvana is a gold and copper producer with organic growth opportunities. Orvana’s producing properties consist of,
El Valle-Boinás Mine (the “Boinás Mine”) and Carlés Mine (collectively with the Boinás Mine “EVBC” or the “EVBC Mines”), two underground gold-copper-silver mines located in the northern part of Spain; and,
Upper Mineralized Zone at the Don Mario Mine (the “Don Mario Mine”), an open-pit gold-copper-silver mine located in the south-eastern part of Bolivia.
Orvana’s focus is currently on its operations and growth through exploration at and surrounding its operations. However, the Company does also consider opportunities to add value through external growth.