Orvana Achieves First Copper Cathode Production at Bolivian Don Mario Site
Event summary
- Orvana's Bolivian subsidiary EMIPA produced its first copper cathodes from oxide stockpiles at the Don Mario site on September 16, 2026.
- This follows the September 8, 2026 announcement of first gold-silver doré bar production, marking both metal recovery circuits operational.
- Targeted average processing rate is 1,700 tonnes per day, though initial ramp-up has been slower than anticipated.
- Company withdraws fiscal 2026 production guidance due to ramp-up performance.
- Next operational update expected in mid-October 2026.
The big picture
Orvana's successful production of both copper cathodes and gold-silver doré demonstrates the metallurgical capability of its expanded Don Mario Plant. This dual-product recovery positions the company to capitalize on rising demand for both base and precious metals, though operational hurdles and economic conditions in Bolivia present significant challenges. The withdrawal of production guidance highlights the execution risks inherent in restarting and expanding mining operations.
What we're watching
- Operational Stability
- Whether Orvana can achieve stable mechanical performance and increase throughput rates at Don Mario Plant.
- Cost Control
- How disciplined cost management will impact profitability during the ramp-up period.
- Market Conditions
- The pace at which Bolivia's economic and regulatory environment may affect mining operations.
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