Orla Mining Ltd. (TSX: OLA)
Provided an interim operational update for the second quarter ended June 30, 2022.
Camino Rojo Oxide Mine gold production totalled 25,672 ounces for the second quarter 2022, and 48,704 ounces year to date. […]
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| Orla Mining | TSX : OLA |
| Stage | Development |
| Metals | Gold |
| Market cap | C$862 million @ C$3.42 |
| Location | Zacatecas, Mexico + Nevada + Panama |
Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant
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Orla Mining Provides Second Quarter 2022 Operational Results
VANCOUVER, BC, July 11, 2022/CNW/ – Orla Mining Ltd.(TSX:OLA) (NYSE: ORLA) (“Orla” or the “Company”) today is pleased to provide an interim operational update for the second quarter ended June 30, 2022.
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CAMINO ROJO OXIDE MINE OPERATIONAL UPDATE
- Camino Rojo Oxide Mine gold production totalled 25,672 ounces for the second quarter 2022, and 48,704 ounces year to date. Gold production guidance for the full year 2022 is maintained at 90,000 to 100,000 ounces.
- Camino Rojo’s processing throughput for the second quarter averaged 18,245 tonnes per day, exceeding nameplate capacity of 18,000 tonnes per day.
- Commercial production at the Camino Rojo Oxide Mine was declared effective April 1, 2022.
- Cash balance of$66.7 million at June 30, 2022.
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UPCOMING MILESTONES
- Second quarter 2022 financial results.
- Closing of Gold Standard Ventures acquisition.
- Advancement of exploration drill programs in Mexico and Panama.
- Preliminary Economic Assessment for Camino Rojo Sulphides Project.
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SECOND QUARTER 2022 CONFERENCE CALL
Orla will host a conference call on Tuesday, August 9, 2022, at15:00 BST, to provide a corporate update following the release of its financial and operating results for the second quarter 2022:
Conference ID: 5844017
Toll Free: 1 (888) 550-5302
International: 1 (646) 960-0685
Webcast: https://orlamining.com/investors/presentations-and-events/
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For brevity, this summary has been redacted, to read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in Orla Mining, bought in the market at the prevailing price on the days of purchase.
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