Orla Mining Ltd.

Orla Mining Ltd. is pleased to provide the results of a Pre-Feasibility Study and mineral resource and mineral reserve estimates on its Cerro Quema Oxide Gold Project located in the Azuero Peninsula, Los Santos Province, Panama. The PFS demonstrates the possibility of a low cost, high return heap leach project. The estimated Project after-tax net present value is $176 million with an after-tax internal rate of return of [...]

Orla Mining Ltd. is pleased to announce that it has closed its previously announced 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 was subscribed to by certain accredited investors under applicable securities laws, including a large institutional investor, Pierre Lassonde, Agnico Eagle Mines Ltd., and [...]

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 [...]