Orla Mining Ltd. is pleased to announce that Andrew Cormier has been appointed as Chief Operating Officer and will be joining the Orla executive team effective April 16, 2020. Mr. Cormier succeeds Mr. Hans Smit who retired in December 2019 as COO of the company, while remaining with the Company as a consultant. "We are excited that Andrew has decided to join Orla as we enter our next phase of growth. Andrew's extensive [...]
Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by Stifel GMP and including Desjardins Capital Markets, Paradigm Capital and Cormark Securities Inc. . A total of 36,600,000 common shares of Orla were fully subscribed and sold at a price of C$2.05 per Common Share , for aggregate gross proceeds to the Company of C$75,030,000 [...]
Orla Mining Ltd. announced today that it has entered into an agreement with a syndicate of underwriters led by Stifel Nicolaus Canada Inc. , pursuant to which the Underwriters will purchase, on a bought deal basis, 36,600,000 common shares of the Company at a price of C$2.05 per Common Share for aggregate gross proceeds to the Company of C$75,030,000 . Newmont Corporation and Agnico Eagle Mines Ltd. each have indicated [...]
Orla Mining Ltd. is pleased to announce that the Company has entered into a non-binding letter agreement with Fresnillo Plc as to the commercial terms on which Orla would obtain the right to expand the Camino Rojo oxide pit onto part of Fresnillo's mineral concession located immediately to the north of Orla's property under a definitive layback agreement . On completion, the Layback Agreement will allow access to oxide [...]
ORLA MINING FINALIZES US$125 Orla Mining Ltd. is pleased to announce that the Company has entered into a loan agreement with Trinity Capital Partners Corporation and certain other lenders with respect to its previously announced US$125 million project finance facility for the development of the Camino Rojo Oxide Gold Project located in Zacatecas, Mexico. The Credit Facility was arranged by Trinity Capital and includes a [...]
Orla Mining Ltd. is pleased to announce that the Company has entered into a Commitment Letter with Trinity Capital Partners Corporation with respect to a secured project finance facility of up to US$125 million for the development of the Camino Rojo Oxide Gold Project located in Zacatecas, Mexico. The Facility is being arranged by Trinity Capital and will include a syndicate of lenders led by Pierre Lassonde, [...]
Orla Mining Ltd. is pleased to announce that the Company has awarded the engineering, procurement and construction management contract for the Camino Rojo oxide gold project located in Zacatecas State, Mexico to M3 Engineering & Technology Corporation . M3 is a full service EPCM firm headquartered in Tucson, Arizona and has provided services to over 10,000 projects for some 1,000 clients in its 33-year history. Work on [...]
Orla Mining Ltd. is pleased to announce that the Company has filed a technical report, prepared in accordance with National Instrument 43-101, for its 100% owned Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico. Orla previously released the results of the Feasibility Study which demonstrate a robust project with low capital intensity, rapid payback, and high margins. A summary of key assumptions and [...]
Orla Mining Ltd. is pleased to report that its previously announced early warrant exercise incentive program has resulted in total gross proceeds to Orla of $3,622,350. Approximately 5.8 million of its warrants having an exercise price of $0.62 and expiring on July 8, 2021 have been exercised, representing 87% of the total number of 2021 Warrants that were outstanding at the start of the Incentive Program which began on [...]
Orla Mining Ltd. is pleased to provide the results of a positive Feasibility Study along with Orla's first mineral reserve estimate on its 100%-owned Camino Rojo Oxide Project located in Zacatecas, Mexico. The Feasibility Study supports a technically simple open-pit mine and heap-leach operation with low capital and operating costs providing rapid payback and a strong financial return. Feasibility Study Highlights Table [...]
Orla Mining Ltd. is pleased to announce 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 proxy circular dated May 9, 2019 were elected as directors of Orla at the AGM. Detailed results of the votes are set out below: Nominee Votes For % Withheld % Charles Jeannes [...]
Orla Mining Ltd. is pleased to announce an Early Warrant Exercise Incentive Program for the 6,737,500 warrants outstanding having an exercise price of $0.62 and expiring on July 8, 2021 . The Incentive Program is designed to encourage the early exercise of the unlisted 2021 Warrants during a 30-day early exercise period expected to commence on June 13, 2019. Under the Incentive Program, holders of the 2021 Warrants will [...]
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