Orvana Minerals appoints Winship as president, CEO

2013-12-03 08:37 ET - News Release

Mr. Michael Winship reports

Michael Winship has been appointed Orvana Minerals Corp.'s president and chief executive officer. Mr. Winship had been filling the role on an interim basis since April this year.

Mr. Winship has over 30 years of experience in mine development, operations and corporate business. He has over 30 years of international experience in the operation or development of over 20 mines in diverse working jurisdictions. Mr. Winship was previously the chief operating officer of Quadra FNX Mining Ltd., prior to its acquisition by KGHM, and president of HudBay Minerals Inc. prior to that. He has also held executive-level positions with PT International Nickel Tbk and Vale Inco Ltd. Mr. Winship has served as a director on several boards and is currently with Rubicon Minerals in that capacity. Mr. Winship holds a bachelor's degree in mining engineering from McGill University.

"Michael's strong operational background fits well with Orvana's needs and the board is pleased that he has agreed to take the role on permanently," said Robert Mitchell, chairman. "He brings years of invaluable experience both in managing and developing international mining assets, and has already made a significant contribution to improving Orvana's operations."

The company recently announced meeting fiscal 2013 production guidance and announced fiscal 2014 guidance of 80,000 to 93,000 ounces gold, 18 million to 20 million pounds copper and 875,000 to 950,000 ounces silver.

"I am very pleased to join Orvana Minerals as we have a great team and excellent growth opportunities with our assets. My vision is to lead Orvana to mid-tier producer status while consistently maintaining strong financial margins. Our focus in FY2014 is not only to exceed production guidance but further drive down our costs, continue to improve safety performance and pay down debt, improving our overall balance sheet. Orvana is coming off two record quarters and we are ready to capture the eventual upswing in the metals markets," said Mr. Winship.