Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce the declaration of commercial production at the Camino Rojo Oxide Gold Mine (“Camino Rojo”), effective April 1, 2022. […]
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| Orla Mining | TSX : OLA |
| Stage | Development |
| Metals | Gold |
| Market cap | C$1.55 Billion @ C$6.26 |
| Location | Zacatecas, Mexico + Panama |
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Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant.
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VANCOUVER, BC – March 31, 2022 –Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce the declaration of commercial production at the Camino Rojo Oxide Gold Mine (“Camino Rojo”), effective April 1, 2022.
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Orla Mining management comments
“In reaching commercial production at Camino Rojo, we have completed our transformation from explorer through developer to producer in three years.
“Today, the team will celebrate this success but tomorrow we will focus on how to grow our production.
“The declaration of commercial production at Camino Rojo comes after a successful commissioning period which included the ramp up of mining and processing to sustained throughput levels in excess of 75% of designed nameplate capacity of 18,000 tonnes per day.
“All major construction activities have now been completed and Camino Rojo has demonstrated its ability to sustain ongoing production levels.
“The operation will continue to seek opportunities to improve and optimize the throughput and availabilities to achieve and ultimately exceed design nameplate capacities.”
Jason Simpson, President and Chief Executive Officer of Orla Mining.
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About Orla Mining Ltd.
Orla is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine, located in Zacatecas State, Central Mexico.
The operation is 100% owned by Orla and covers over 160,000 hectares.
Orla also owns 100% of Cerro Quema located in Panama which includes a near-term gold production scenario and various exploration targets. Cerro Quema is a proposed open pit mine and gold heap leach operation.
For brevity, this summary has been abridged, to read the full news release, please click HERE
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Disclosure
At the time of writing the author is a shareholder of Orla Mining, bought in the market at the prevailing price on the days of purchase.
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