Orvana's Bolivian Unit Breaches Bond Covenants as Don Mario Ramps Up
Toronto – November 02, 2026 -- Orvana Minerals Corp.'s Bolivian subsidiary Empresa Minera Paitità (EMIPA) was outside the financial covenant thresholds on its Bolivian bonds at September 30, 2026, and is now in a cure period running through December 8, 2026. At the same time, the Don Mario plant is lifting oxide throughput, with a target of about 1,400 tonnes per day in November.
EMIPA enters cure period after missing covenant ratios at September 30
EMIPA's covenant ratios under its EMIPA Bonds I and EMIPA Bonds II were outside the required levels, based on unaudited fourth-quarter FY2026 statements prepared under Bolivian GAAP. The company filed the statements with ASFI, Bolivia's financial regulator, where it has been a registered bond issuer since September 2023. The initial cure period can be extended under the bond terms, subject to bondholder approval.