ORV.t ORVMF Hits it out of the park. Like clockwork just as Ive been posting. Higher sales on lower costs greatly changing the dynamics of the investment.
Orvana Reports Improved Third Quarter Financial Results on Record Quarterly Gold Production TORONTO, Aug. 10, 2017
Third Quarter 2017 achievements:
Record quarterly gold production of 26,414 ounces, increase of 65% from Q2 2016; Gold equivalent production of approximately 35,292 ounces during Q3 2017; Revenue increased by $10.7 million to $36.7 million, up 41% compared to Q3 2016; EBITDA up by $2.3 million compared to Q3 2016; Cash balance of $18.5 million at June 30, 2017, up from $14.2 million at March 31, 2017; COC and AISC of $1,032 and $1,199, respectively, in Q3 2016; On track to meet fiscal 2017 cost and production guidance, including COC and AISC.
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