Orvana mentioned the underground amenities have been unaffected by the legacy open-pit wall failure.
CEO Juan Gavidia mentioned in a media launch plant operations ought to restart within the following days.
“Underground mining operations proceed stockpiling ore till processing resumes,” he mentioned.
Gavidia added the legacy open-pit wall sector, the place the failure occurred, had been beneath assessment up to now, which induced the relocation of a district street operating on the high of the wall in query.
With the district wall relocated, the corporate was designing a definitive geotechnical wall remedy for the long run.
Orvana mentioned the underground amenities have been unaffected by the legacy open-pit wall failure, with mining and stockpiling actions ongoing. Whereas the plant just isn’t bodily linked to legacy workings, the tailings pumping circuits are, prompting a halt to processing actions.
The impacted tailings storage facility can be beneath investigation.
Orvana acquired the El Valle and Carlés mines in September 2009, situated within the Rio Narcea Gold Belt in northern Spain, near the port metropolis of Gijón.
June-quarter output was 13,879 oz. gold, 29% greater than the earlier quarter on account of 12% greater throughput and 13% greater grade. Copper output was 1.6 million kilos, 22% greater than final quarter.
Industrial manufacturing commenced in August 2011.
Earlier than the incident, Orvana guided for complete gold output of fifty,000 to 55,000 ouncesgold for 2021.
Shares in Orvana fell to C$0.38 at press time on Monday, down 13.64% per share, giving the corporate a market capitalization of C$52 million. As of Friday, the final buying and selling day earlier than the incident occurred, the inventory was up about 57% over the previous 12 months in contrast with 36% on Monday.
