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…
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Newmont 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…
Read MoreCamino Rojo construction nearly complete, commercial production ahead
With nameplate stacking capacity now reached, Canadian-based Orla Mining is now working toward the milestone of commercial production at the Camino Rojo oxide mine in Mexico.
Read MoreFirst gold for Camino Rojo
Orla Mining, which has brought its Camino Rojo project to operational fruition in less than two years, has recorded the first gold pour from the gold operation in Zacatecas state, Mexico.
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