Global miner Newmont has completed the sale of its common shares of Orla Mining, for aggregate gross proceeds of US$439 million (C$605 million). “Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Newmont CEO Tom Palmer. “We value the strong relationship we’ve had with Orla since our…
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Open pit operations temporarily halted at Camino Rojo
Orla Mining reported that on July 23, an uncontrolled material movement event occurred on the temporary north wall within the open pit at its Camino Rojo oxide mine in Zacatecas, Mexico. While there were no injuries or any damage to equipment or the environment reported, open pit mining operations are temporarily suspended while the miner conducts necessary geotechnical assessments to…
Read MoreCamino Rojo declares commercial production
Canadian producer Orla Mining has announced commercial production has started at its Camino Rojo oxide gold operation in the Zacatecas state, Mexico. The declaration comes after the operation completed a successful commissioning period, including the ramp-up of mining and processing to sustained throughput levels in excess of 75% of its designed nameplate capacity of 18,000 tonnes per day. “All major…
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