PRECIOUS METALS

Orvana restarts Orovalle after Spanish truckers' strike

Copper-gold operation was hit by nationwide action

Nathan Richardson
Orvana restarts Orovalle after Spanish truckers' strike

"The company has received the required materials to restart operations and continues to investigate any and all options at its disposal to access the materials required on a timely manner," Orvana said. 

The company is reviewing the impact the stoppage had on the operations and intends to provide a more comprehensive update as part of the second-quarter reporting process. 

The 100% Orvana-owned operation had previously been guided to produce 48,000-53,000 ounces of gold and 5.8 million-6.5 million pounds of copper in FY 2022. 

Truck drivers in Spain launched the protests as part of calls for lower taxes and lighter regulations. 

The strike started on March 14 and was suspended on April 2, Orvana noted. 

"Supply chains are being progressively reactivated, after three weeks of disruptions," the company said. 

Orvana's share price had hit an all-time high of C$0.53 on March 10 before retreating to C$0.415 by April 2. On April 5, it had climbed 7% day-on-day to C$0.445. 

The company had a market capitalisation of C$60.8 million. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.