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Orvana expands Taguas footprint with Evelina acquisition; potential upside

Jun 29, 2026, 6:05 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The acquisition expands Orvana's land position and exploration potential, which could improve long-term value if drilling identifies mineralized corridors, though near-term cash flow remains uncertain due to early-stage development.

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What happened, with direct paths to the underlying reporting

Orvana announced the Evelina Property acquisition from Pan American Silver for US$1.2 million, expanding the Taguas Project footprint by about 123% to 7,289 hectares. The deal strengthens district-scale exploration potential and supports deeper-target drilling into sulfide and porphyry systems, potentially expanding resource upside. The transaction closed on June 26, 2026.

Orvana acquires Evelina Property from Pan American Silver for US$1.2M.
Evelina adds 4,015 hectares, expanding Taguas footprint 123% to 7,289 ha.
Strategic context: expands land for potential epithermal copper-gold corridor.
FY2026 drilling included two holes totaling 2,173.7m; TADD-278 reached 1,331.7m.
Transaction completed June 26, 2026; CEO cites enhanced geological optionality.

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