Equinox Gold and Orla Mining are combining to form a new North American senior gold producer that will have a portfolio of six operations across multiple countries. With 1.1 million ounces of expected annual production in 2026, according to the companies, the merged group has a defined path to more than 1.9 million ounces from expansion projects in Canada, the…
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Orla Mining: will protect Camino Rojo labor rights
Canadian-based Orla Mining said it has taken steps and is working to implement outlines to safeguard labor rights and to address other concerns at its Camino Rojo gold mine in Zacatecas, Mexico. The decision by the miner comes after a determination by a panel established under the Rapid Response Labor Mechanism of the Canada-U.S.-Mexico Agreement (CUSMA). In late March, the…
Read MoreOrla Mining receives positive PEA for underground project
Orla Mining announced positive results of a preliminary economic assessment for the underground project at its Camino Rojo mine located in Zacatecas, Mexico. The PEA evaluates the technical and economic potential of a standalone, underground development project beneath the existing open-pit heap leach operation. “A multi-year program of drilling and test work underpins this initial underground expansion study, highlighting the…
Read MoreNewmont completes sale of Orla Mining stake
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…
Read MoreOpen 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 MoreNewmont offloads Musselwhite, Éléonore
In the final months of 2024, Newmont agreed to sell two of its gold mines as part of a plan to divest its non-core assets. Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Musselwhite is a fly-in, fly-out operation located approximately 500 kilometers north…
Read MoreNewmont offloads Musselwhite to Orla Mining
Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. “We are pleased to be selling our Musselwhite operation to Orla and have full confidence that they will continue to operate responsibly, while maintaining strong partnerships with the mine’s workforce and local and Indigenous communities,” said…
Read MoreElko Mining Expo 2024 tops 2,000 visitors
The Elko Convention and Visitors Authority (ECVA) reported that its 38th annual Elko Mining Expo in Nevada, held in June, was a success, with more than 2,000 visiting the show’s 384 companies. In addition to a great show turnout, the expo included a concert and golf tournament, as well as a panel session discussing future projects from Orla Mining, i80…
Read MoreOrla Mining closes Gold Standard purchase
Canadian-based Orla Mining has completed the previously announced acquisition of Gold Standard Ventures by way of court-approved plan of arrangement. “The closing of this acquisition marks an important milestone in Orla’s journey in becoming a growth-oriented, low-cost, mid-tier gold producer,” said Jason Simpson, president and chief executive officer of Orla Mining. “We will seek to generate shareholder value through effectively…
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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