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Orvana slumps on mine suspension plan

Shares in Orvana Minerals (TSX: ORV) hit a one-year low on Friday as the company said it would suspend its Las Tojas openpit mine in Bolivia before the end of this year.

Orvana slumps on mine suspension plan Orvana slumps on mine suspension plan Orvana slumps on mine suspension plan Orvana slumps on mine suspension plan Orvana slumps on mine suspension plan

Orvana will suspend mining operations at Don Mario in Bolivia while it assesses an oxides stockpile project

Orvana said a higher than expected ore-grade operational mining dilution with more narrow, erratic and discontinued mineralised structures was resulting in an uneconomic unitary cost per ounce.