Orla Mining Ltd. is pleased to announce that the Company has completed its acquisition of the Musselwhite Gold Mine in Ontario, Canada from Newmont Corp. . . "The addition of Musselwhite transforms Orla into a North American-centred, geographically diversified intermediate gold producer with multiple gold-producing assets and a self-funded growth portfolio. Musselwhite strengthens our North American presence and more than [...]
34.7 m at 2.68 g/t Au, incl. 13.6 m at 5.85 g/t - Dark Star 55.2 m at 1.04 g/t Au incl. 11.3 m at 2.86 g/t Au - Pinion 65.5 m at 1.16 g/t Au, Incl. 10.7m at 2.60 g/t Au - Bowl Orla Mining Ltd. is pleased to provide additional exploration results from the 2024 South Carlin Complex program along with permitting progress for the South Railroad Project . Highlights: Dark Star and Pinion project targets : Multiple high-grade [...]
Orla Mining Ltd. is pleased to announce the results of the special meeting of the shareholders of the Company held earlier today . At the Meeting, Shareholders approved the Company's proposed acquisition of the Musselwhite Mine from Newmont Corp. and the concurrent private placement of convertible notes and common share purchase warrants to Pierre Lassonde and Fairfax Financial Holdings Limited , both of whom are [...]
Orla Mining Ltd. is pleased to provide an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance. The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces. As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19 [...]
Orla Mining Ltd. is pleased to announce that the two leading independent proxy advisory firms have each recommended that Orla's shareholders vote FOR the resolution to approve the Company's proposed acquisition of the Musselwhite Mine from Newmont Corp. . The proxy advisory firms also recommended voting FOR a resolution to approve a concurrent private placement of convertible notes and common share purchase warrants to [...]
Orla Mining Ltd. is pleased to announce that it has filed a management information circular and related materials for its special meeting of shareholders of the Company to be held on January 21, 2025 in connection with the proposed acquisition of the Musselwhite Mine from Newmont Corp. announced on November 18, 2024 . Along with the Meeting Materials, the Company has also filed an independent technical report on the [...]
Orla Mining Ltd. is pleased to provide an update on exploration at the Camino Rojo Extension, now referred to as "Zone 22". Summary Details: Expanded Resource Potential: Drilling has extended mineralization 800 metres beyond the current open-pit resource, with Zone 22 remaining open at depth and along strike. Drilling Progress: Over 32,000 metres drilled in 2024, with an additional 3,000 metres planned by year-end [...]
Orla Mining Ltd. is pleased to announce the appointment of Dr. Silvana Costa as the Company's new Chief Sustainability Officer, effective January 13, 2025. In this role, Dr. Costa will have executive level responsibility for Orla's Environmental, Social, and Governance efforts, in addition to guiding the Company's internal and external stakeholder relationships. Orla's growth into an intermediate gold producer has been [...]
More than Doubles Orla's Annual Gold Production to Over 300 koz with Near-Term Growth to 500 koz; Orla to Become a Premier, North America-Focused, Multi-Asset, Low Cost, Producing Gold Company. Orla Mining Ltd. is pleased to announce it has entered into a definitive agreement to acquire the Musselwhite Gold Mine in Ontario from Newmont Corporation for upfront cash consideration of $810 million and gold-price linked [...]
Company Striding Towards Record Year of Production and Cash Flow Orla Mining Ltd. today announces the results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Third quarter gold production was 43,788 ounces and gold sold was 38,265 ounces. As a result of the continued outperformance at Camino Rojo, the Company increased its full year gold production guidance to 130,000 to 140,000 ounces [...]
37.6 m @ 1.15 g/t Au and 44.7 m @ 0.77 g/t Au 45.7 m at 0.67 g/t Au , incl. 12.2 m at 1.24 g/t Au 13.7 m at 1.82 g/t Au Orla Mining Ltd. is pleased to provide an update on its exploration at the South Railroad Project . Highlights: Significant gold intercepts indicate strong potential to expand oxide gold mineralization beyond the projected open pit boundaries and extend the projected mine life at the Pinion and Dark Star [...]
Orla Mining Ltd. is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility totalling $58.4 million. With this repayment, the Company is now debt free with cash on hand of approximately $120 million. The Credit Facility of $150.0 million will remain in place and be available to the Company until its expiry on August 28, 2027 [...]