Orla Mining Ltd. is pleased to announce a non-brokered prospectus financing consisting of 9,085,263 common shares priced at C$4.75 per common share for total gross proceeds of US$35,000,000 . The Offering has been subscribed to by accredited investors under applicable securities laws, including a large institutional investor , Pierre Lassonde, Agnico Eagle Mines Ltd. , and Trinity Capital Partners Corporation . The [...]
Orla Mining Ltd. is pleased to report the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special Meeting of Shareholders held today. All nominees, as set forth in the Company's Management Information Circular dated April 6, 2021 , were elected as directors of Orla at the AGM. Detailed results of the votes are set out below: Nominee Votes For % For Votes Withheld [...]
Construction 22% Complete Orla Mining Ltd. is pleased to provide results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS: 430,000 person-hours worked at the Camino Rojo Oxide Project with zero lost time incidents since the start of construction. There are currently 826 workers at the Project as part of construction activities with 15% from the local communities, 30% from the State of Zacatecas [...]
Orla Mining Ltd. is pleased to announce that the Company has completed the third and final tranche drawdown of US$50 million on its previously announced Project Finance Facility . The funds will be used towards the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico. The full US$125 million Credit Facility has been drawn. The term of the facility is five years with maturity in December [...]
Project Engineering 94% Complete and Construction 10% Complete Orla Mining Ltd. is pleased to provide results for the fourth quarter and year ended December 31, 2020. FOURTH QUARTER 2020 HIGHLIGHTS: 127,000 person-hours worked at Camino Rojo during the quarter with zero lost time incidents project to date. Advancement of the Camino Rojo Oxide Project with engineering 94% complete and construction 10% complete. Project [...]
Orla Mining Ltd. is pleased to announce that the approval from the Mexican Federal Competition Commission has been obtained and thus this condition precedent has now been satisfied. Accordingly, the Layback Agreement with Fresnillo plc regarding the Camino Rojo Oxide Gold Project has come into effect. Under the terms of the Layback Agreement, Orla will pay Fresnillo a total cash consideration of US$62.8 million through [...]
Orla Mining Ltd. is pleased to announce that the Company has filed a technical report, prepared in accordance with the disclosure standards under National Instrument 43-101 for its Camino Rojo Oxide Gold Project located in Zacatecas, Mexico. Orla previously announced the results for the Updated Feasibility Study , which highlighted an estimated Project after-tax net present value of $452 million with an after-tax internal [...]
Orla Mining Ltd. is pleased to provide a review of its exploration activities from 2020 and a preview of its exploration plans for 2021. Concurrent with the development of the Camino Rojo Oxide Project, Orla will continue to advance its project pipeline and exploration in both Mexico and Panama. The Company is seeking to expand its reserve and resource base and make new discoveries through a systematic and efficient [...]
Orla Mining Ltd. is pleased to provide the results of an updated Feasibility Study and mineral reserve estimate on its Camino Rojo Oxide Gold Project located in Zacatecas, Mexico. The updated Feasibility Study highlights a 54% increase in contained gold mineral reserves and a 3.5-year extension to the mine life of the Project, which is currently in construction. The estimated Project after-tax net present value is now [...]
Orla Mining Ltd. is pleased to announce that its common shares will commence trading on the New York Stock Exchange American at market open today under the symbol "ORLA". The Company retains its listing on the Toronto Stock Exchange in Canada under the trading symbol "OLA." About Orla Mining Ltd. Orla is developing the Camino Rojo Oxide Gold Project, an advanced gold and silver open-pit and heap leach project, located in [...]
Orla Mining Ltd. is pleased to announce that the Company has completed the Layback Agreement with Fresnillo Plc following the previously announced Letter Agreement. Closing of the Layback Agreement is subject to receipt of approval from the Federal Competition Commission . The Layback Agreement will allow Orla to expand the Camino Rojo oxide pit onto part of Fresnillo's mineral concession located immediately north of [...]
Orla Mining Ltd. is pleased to announce that its common shares have been authorized for listing on the New York Stock Exchange American under the symbol "ORLA". The Company's shares are expected to begin trading on the NYSE American on December 22, 2020. There is no offering concurrent with the listing and Orla's addition to the exchange is classified as a "dual listing without capital raise". "We are delighted to bring [...]
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