Yes. I think I have the experience and the insight to introduce you the company and the last updates on our projects. Orvana is a multi-asset producer company of gold, copper, and silver. We have presence in Spain with a producing mine in the north part of the country. We have a project that is about to restart in Bolivia right now during this quarter. We have an exploration project in Argentina in the San Juan Province. With these three assets, we are in a situation that could be transformational for the company, transformational because we are going to have our second unit in production during this year, so it's going to change completely the profile in production of the company, and transformational because our exploration program in Argentina is one of the most thrilling that we have in the company right now.
In this slide, you can see the last geophysical program that we developed in November with the result of this big anomaly under our resource surface that we are going drilling right now. I'm going to explain in detail how is the plan for this target and the last results that we published some days ago. This is the customary forward-looking statements available on our website, the presentation. The three units. Well, the company is Canadian, and Orovalle is our Spanish unit. It has been in production during the last 15 years. We are the major gold producer in Spain, and we still generating exploration opportunities that let us expand the resource in the country and stable production with a life of mine of five years that we are replenishing year- by- year with exploration.
In Bolivia, our unit is called EMIPA. It's a historical mine in the region. It is in the eastern part of the country. We've been during the last year in construction of a new circuit that is going to start during this quarter with a ramp-up period of producing gold and copper. We also have exploration opportunities because we have a 53,000 ha land package. The third unit is called Taguas Project in Argentina. This project is based in San Juan Province, close to the Chilean border, and we are in the middle of a drilling campaign that is really ambitious because it's changing the profile of exploration in the property that we've been doing during the past years. The operations outlook of the company, you can see the gold production in Spain is around 35 oz of gold per year.
For the next year, we are expecting to reach the 65,000 with addition of the gold production in Bolivia. Regarding the copper, we have a production around 4 million lbs in Spain. For the next year, we are going to reach a level of 19 million lbs with production coming from Bolivia. The profile in production is going to change completely during this year. If we have a look on our shares, we have 137 million shares with a market cap during these days around 250 million ton a year. If you have a look on the share price trend, there is a big jump that happens in October last year, and we think it's because of three catalysts. The first most obvious is the metal prices.
The second one is the advance in the construction in the new circuit in Bolivia that people start realizing that it's going to be happening in a short period. The third one is the announce of the exploration program for this year in Argentina that the market realized that this has the potential to be a game changer for the company. Let me start with Bolivia. The operation is called Oxide Stockpile Project. This stockpile is the result of the mining activity in the past when we accumulate 2 million tons of ore with gold and copper. Because of the plant at that time didn't allow us to maximize the recoveries in the copper, we start with all the metallurgical testing and the engineering process that made us think that we need this new circuit.
It's going to be an acid leaching circuit where we are going to extract the copper to produce copper cathodes and then use the gold circuit to produce doré bars. This is a fast-track project of three years that is going to give us a cash flow generation that is going to be able for us to start with the exploration in the region. We also have the potential to expand the life of mine with the tailings reprocessing, that we need to assess all the metallurgical testing for that, and the valuation of the remnants around the property. Because at these prices, there is a lot of potential to increase the mineral resources. The Oxide Stockpile Project is a three years project that is going to allow us to produce around 100,000 oz of gold and 57 million lbs of copper. This is the guidance for this year.
We are expecting, because this first six months is going to be the ramp-up period, so the production is going to be around 13,000 oz-14,000 oz of gold and around 7 million lbs of copper. The unitary costs have a broad range between CAD 2,200 and CAD 2,600, but it's related to the ramp-up period. We expect to control that during the months. Moving to Argentina. We are in the middle of a jurisdiction full of majors. You can see in the south we have the Veladero mine of Barrick and the Alturas and Lama project that is a multi-million area of gold and copper. Well, this area of gold. To the north, we have the Valeriano of ATEX, that they are drilling a deep porphyry, and they are less than 10 km from us.
Same corridor, geological continuity, so we have a lot of similarities with these two projects. More to the north, we have the El Infiernillo, and more to the north, we have the Lundin, Filo , Josemaría, Lunahuasi. We are in the middle of a jurisdiction in the San Juan Province that they are really pro-mining. The good thing is the potential in the geology that we have. We have a resource at surface, oxides. We published a PEA. We have a lot of indicators of mineralization at depth. We have the alteration pattern changing to a high temperature. We have all the geophysics in the past with anomalies in that area, and we have, well, more characteristics of this kind of porphyry system.
After analyzing all the information from the past, that we have more than 60,000 m of drill holes, but shallower, we decide first, do this geophysical program that we develop in November, where we apply an IP plus magnetotelluric survey. We were successful. We identify in the area where we have all the indicators. We identify a big low resistivity anomaly that could be related to the presence of sulfides. After that campaign, we decide to drill, to make the first deep drilling campaign in the property. We plan 1,500 m drill holes to try to understand what is going on behind our epithermal system. This program has been starting in, like, January. We announced the first results last week. The first drill hole is reaching 1,300 m.
We have already the lab results of the first 900 m. The good point is that we intercept the intrusive rock at 700, that we were expecting. We have all the system identified until this point. We identified alterations that is matching what we were expecting. The results from 700 m-900 m. 900 m is the limit that we have from the lab right now. It has 0.25 g per ton of gold and 0.12% of copper. That's not an economic deposit, but for us, it's very important. Because this drill hole is going to give us a lot of information, it's not just the lab results. We're going to identify the geochronology, alteration, the veining. All that information is going to allow us to vectorize for the next drill holes. It's very important for us.
It's the first drill hole, but it's going to be, I expect, the first of a lot of drill holes. Well, regarding Spain, as I said, Spain has been in production since 2011. The company has annual program of exploration, brownfield and greenfield. The brownfield program is allowing us to replenish the depletion year- by- year. The El Valle mine has been successful in that regard for more than 20 years. That mine also started the production in the past with another company during the last 25 years or more. It's an underground mine, a production profile of 2,000 tons per day. This is the production in the last quarter, in gold and copper. We are on track to achieve the guidance and also the all-in sustaining cost.
We are a little bit in the lower limit of the guidance because we set a higher guidance because of our uncertainties on the inflation during these days. Well, regarding the financial performance of the company, during this last quarter, we have a revenue of 32 million, EBITDA of 11 million, and the CapEx expenditures of 17 million, basically related to the construction of the new circuit in Bolivia. And to summarize why Orvana is a good opportunity to invest. As I said before, it's a transformational time for the company as we are resuming production in Bolivia. So we are going to have two units in production with a good production in gold and copper that is diversified. In Spain is steady. We're still drilling.
We have a land package of 30,000 ha of land package that make us able to drill in some additional satellite deposits that we can identify and take the ore to our mill. Bolivia has potential to be explore in that land package of 53,000 ha. Argentina, right now, with these results, we are expecting to define our next steps in the property, not just the surface but identifying a bigger prospect at depth. It's going to be a transformation too. Orvana's value is based on executing this steady production, continuous production in Spain, executing on the restart the production in Bolivia, and executing with a successful exploration campaign in Argentina. This is my presentation at the time.
Thank you, Raúl.
Thanks.
Maybe we have time for a couple of quick questions if there's any questions in the room. There's a microphone just coming over. There's a mic.
Your major shareholder is Fabulosa in Cyprus. Who are they?
Well, this is a family office based on the U.S. In Cyprus. Thank you.
Any further questions?
Yes. In the case of the material you're retreating in Bolivia, I didn't see any mention of the copper or the gold grades. Why was it left behind? Why wasn't it treated before?
Okay, this is not a retreatment. That ore has never been treated. It was the upper part of the deposit that they remove and put in a stockpile because it was oxides. It's, well, 2 million tons. The gold grade is 1.85 g per ton, and copper is 1.89%. At that time, they only have the flotation and CIL circuits. They can maximize the recovery of the copper. That's why they need to evaluate an option to process this ore, removing the copper first with this acid leaching, and then going to the circuit to recover the gold. That's the project right now. It's not reprocessing. A lot of people is asking, is that reprocessing? No. It's crushed, so the cost is going to be lower. It's going to be just processing. We don't have major mining costs.
It's just muck and put it in the mill. That's the Bolivian project.
Any further questions? Maybe just a quick one from me. There was elections in Bolivia last year, I believe, and a new government has come in. I was wondering if you could outline any of the changes you've seen. Obviously, it's been a challenging jurisdiction for a lot of.
Yeah
Western companies historically, but is there positive developments that you could comment on?
Yeah. Well, I'm a geologist, remember? EMIPA has been in the country operating since the early 2000s with the past government. We are not expecting major problems because we keep all the leadership team, so they have all the knowledge, all the contacts with government, with the communities. For us, it has never been challenging. That's a good point with Orvana in Bolivia.
Okay. In terms of ownership or royalties or anything else, is there going to be changes that are going to be more positive for the mining sector in the country?
Well, I'm expecting that a lot of new companies are trying to.
Okay
We have a look on Bolivia, but we are there already.
Perfect. Okay. Thank you, Raúl.
Thank you.