Michael D. Winship, Interim President and CEO of Orvana Minerals Corp. (ORV.TO), Interviews with The Wall Street Transcript

67 WALL STREET, New York - December 3, 2013 - The Wall Street Transcript has just published its Gold and Precious Metals Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Precious Metals - Lower Gold Price Environment - Precious Metals Exploration and Production - Increasing Capital Expenditures - Emerging Markets Silver Consumption - Mining Safety and Environmental Concerns

Companies include: Orvana Minerals Corp. (ORV.TO) and many more.

In the following excerpt from the Gold and Precious Metals Report, the Interim President and CEO of Orvana Minerals Corp. (ORV.TO) discusses company strategy and the outlook for this vital industry:

TWST: Looking at Orvana's share price, historically has its stock market performance been tied to mining production and/or to the metals' underlying spot price, in your view?

Mr. Winship: In my view, at least in my tenure, it has been going the opposite way. Our production has been going up and our share price has been going down. Recently we indicated to the market that we had achieved our production guidance for 2013, and the metal prices went down and our share price went down, despite the good news. We have generally been outperforming our peers, and certainly it's positive that we have a good cash flow in these difficult times in metal prices. But at the end of the day, I'd say we tend to follow the gold price more than anything.

TWST: There has been so much negative sentiment about the industry sector for some time now, and the word is that the sector is poised to turn the corner. Do you agree that the negative sentiment will dissipate? What is your overall view?

Mr. Winship: Well, I've been to recent investment conferences in Denver and New York City recently, and I think people are still in a wait-and-see attitude. The metal prices, in my mind, have stabilized. Certainly copper has remained at a good floor. Gold has been a little bit more volatile. But I think the institutions and some of the retail people have exited investing in mining at this time, but certainly as a long-time miner, I would expect that over time people will come back to the market and recognize the value that Orvana has created in particular.

TWST: Can you tell us about the company's ongoing operational optimization initiatives? I saw that there was a proposed installation of a gravity gold circuit in the first quarter of 2014. Is that part of this initiative?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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