Q: your view on orvana and recent production news
thank you
thank you
5i Research Answer:
ORV reported a 2.4% drop in fiscal Q2 production and lowered its gold production guidance for the 2024 fiscal year. The company did revise its full year copper production guidance upwards however. Recent exploration results were positive as well. We do not like the drop in gold production and cutting of guidance. We think it is too small and risky for our consideration while the declining production is also negative.