Orla Mining Discovers Potential 2 KM Extension at Musselwhite 

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced a major exploration success at the Musselwhite Mine in north western Ontario, with drilling confirming a potential two-kilometre extension of the mine’s main gold trend beyond current resources.

Deep directional drilling has intersected high-grade gold mineralization 1.6 kilometres along strike

 

 

.

Orla Mining

Orla Mining  Musselwhite gold mine map – Courtesy of Orla Mining

 

Orla Mining Discovers Potential Two-Kilometre Extension at Musselwhite 

.

Vancouver, BC – Oct 6, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA)(“Orla” or the “Company”) announces major exploration success at the Musselwhite Mine in north western Ontario, with drilling confirming a potential two-kilometre extension of the mine’s main gold trend beyond current resources.

.

Key Discovery Highlights:

  • Mine Trend Extension Confirmed: Deep directional drilling has intersected high-grade gold mineralization 1.6 kilometres along strike from current operations, including 4.1 metres at 15.1 g/t Au with visible gold observed. Favourable geology continues an additional 400 metres, suggesting the trend may extend up to two kilometres beyond existing resources.
  • Underground Resource Growth: High-grade intersections in active mining areas support ongoing resource replacement and expansion efforts, including 10.1 metres at 27.2 g/t Au and 15.7 metres at 6.89 g/t Au.
  • Near-Mine Satellite Potential: Surface drilling within 10 kilometres of the mill has identified multiple targets for potential open-pit satellite deposits, advancing medium-term feed sources.

.

Strategic Significance:

Musselwhite has produced over 6 million ounces of gold during its 28-year operating history and currently hosts 1.5 million ounces of proven and probable reserves.

These exploration results indicate substantial potential to extend mine life and increase production from one of Canada’s longest-operating gold mines.

.

Sylvain Guerard, Orla’s Senior Vice President, Exploration commented,

.

“These results validate our investment thesis for Musselwhite ”

 

“This is a rare, high-quality asset with the geological continuity to support decades of additional production.

 

“We’ve confirmed high-grade mineralization extends far beyond current resources, positioning us for significant resource growth.”–       

 

.  

$25 Million Exploration Program Delivering Results:

Following Orla’s acquisition from Newmont Corporation in February 2025, the Company launched an aggressive two-year exploration program designed to accomplish the following:

  1. Test Mine Trend Extensions: Deep directional surface drilling to test the down-plunge extension of the Mine Trend one kilometre beyond historical surface drilling (11,000 metres).
  2. Replace and Expand Underground Resources: Underground drilling for reserve, resource, and inventory definition to support production and growth (38,000 metres).
  3. Identify Satellite Deposits:Near-mine surface drilling to evaluate targets for potential shallow open-pit satellite deposits within a 10 km-radius of the mill (6,500 metres).

.

The 2025 program is approximately 65% complete, with drilling continuing through year-end using four surface and four underground diamond rigs. The program is focused on defining the extent and continuity of mineralization across priority zones, particularly along the Mine Trend extension, with the objective of establishing sufficient geological confidence to consider opportunities that increase annual gold production. 

.

To read the full news release, please click HERE

.=======

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

 




Mining Review 21st September 2025

Mining Review 21st September 2025

Equinox Gold celebrated the pouring of the first gold at their newly completed Valentine gold mine in Newfoundland.

Minerals 260 reported high grade drill intercepts and new targets.

 

 

.

Benz Mining

Glenburgh project map – Courtesy of Benz Mining

 

 

.

 

City Investors Circle Mining Review 21st September 2025

 

Mining Review 21st September 2025

Equinox Gold celebrated the pouring of the first gold at their newly completed Valentine gold mine in Newfoundland. This has given the shares a small boost, after the recent 41% increase during the last month.

Equinox is now in a position to exploit a gold price it could never have imagined during the contruction of their recent new mines, and therefore one hopes that they will focus on debt repayment whist the sun is still shining on the gold price.

Minerals 260 reported high grade drill intercepts and new targets. The share price has also moved strongly during the last month, up 70.83%. The presense of veteran Australian mining entrepreneur Tim Goyder on the management team ensures investor focus and a degree of confidence here.

 

Orla Mining shares took a 5% hit after Newmont anounced they had divested 43 million shares in the company, closely following Agnico Eagle’s announcement that they had sold their entire Orla holding of 38 million shares.

The share price has fallen from a recent high of C$17.60 to C$14.44, so I’m considering whether this might represent an opportunity after the market has absorbed this huge volume of selling within ten days.

 

——-

 

Archives

image_pdfimage_print

——-

A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

Barton Gold Resource Upgraded Drilling Begins at Tunkillia

Initiating Coverage – Benz Mining

Equinox Gold Delivered First Gold at its Valentine Gold Mine

Orla Mining Stake Sold By Agnico Eagle

West Red Lake Gold Mines Announced a $30 Million Bought Deal

Minerals 260 Reported High-grade intercepts and new targets

Mining Review 14th September 2025

 

——-

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices Price Weekly % change
Gold price in UK £ 2737 1.60%
Gold in AUD$ 5591 1.65%
Gold 3687 1.18%
Silver 43.26 2.46%
Palladium 1157 -5.01%
Platinum 1391 -0.57%
Rhodium 7025 -1.40%
Copper 4.49 -2.18%
Nickel 6.84 -2.01%
Zinc 1.34 0.00%
Tin 15.85 0.70%
Cobalt 15.13 0.07%
Lithium 10094 3.42%
Uranium 77 0.92%
Iron Ore 113 -0.18%
Coking Coal 188 0.53%
Thermal coal 108 5.88%
Metal ETFs Price Weekly % change
GLD 339 1.19%
GDX 72 2.86%
GDXJ 92 2.22%
Sil 66.52 1.02%
SILJ 21 2.44%
GOEX  (PCX) 64 3.23%
URA 49.93 18.88%
COPX  53.5 0.94%
HUI  577.67 3.34%
Gold / Silver ratio 85.23 -1.25%

 

.

Click HERE for live Spot Metal Prices 

 

.=======

.

City Investors Circle is based in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining Stake Sold By Agnico Eagle

Orla Mining (TSX: OLA)

Agnico Eagle Mines sold 38,002,589 common shares of Orla Mining (OLA) to multiple buyers at a price of $14.75 per share realizing $560,538,188.

Agnico no longer has a holding in OLA.

 

 

.

Orla Mining Camino Rojo plant

Heap leach pad, Solution pond, and Merrill-Crowe plant – Credits Orla Mining

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$5.16 billion   @ C$15.85
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

.

Orla Mining Stake Sold By Agnico Eagle

 

.

Orla Mining (TSX: OLA)

Agnico Eagle Mines sold 38,002,589 common shares of Orla Mining to multiple buyers at a price of $14.75 per share realizing $560,538,188.

Agnico no longer has a holding in Orla Mining.

.

To read the full news release, please click HERE

 

.=======

 

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.




Mining Review 24th August 2025

Mining Review 24th August 2025

Equinox Gold delivered a solid quarter’s results, prior to the commencement of gold production at their Valentine Mine later this year.

Catalyst Metals announced a new gold discovery outside the existing resource envelope.

 

 

.

Equinox Gold

Credits – Equinox Gold Corp.

Archives

image_pdfimage_print
City Investors Circle Mining Review 24th August 2025
.

Equinox Gold delivered a solid quarter’s results, prior to the commencement of gold production at their Valentine Mine later this year.

Catalyst Metals announced a new gold discovery outside the existing resource envelope.

Small cap explorer Pacgold signed an agreement to acquire the St. George antimony / Gold project in a surprise announcement. I would prefer they focused on the present project rather than diversify and have to try and run two projects simultaneously, which divides precious funds and will require more fundraising.

——-

A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

Pacgold Farm In Agreement to acquire St George Gold-Antimony Project

Kaiser Reef Issued a Clarification Statement

Awalé Expands Systematic Exploration Over Highly Prospective Land

Ora Banda Mining Diggers and Dealers Presentation

Catalyst Metals Makes Intercepts outside Trident’s Resource envelope

Equinox Gold Delivered a Solid Q2 2025 Financial and Operating Results

Orla Mining Reached a Major Milestone in Nevada with NOI

Mining Review 17th August 2025

.

——-

 

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices 240825 Weekly % change
Gold price in UK £ 2498 1.38%
Gold in AUD$ 5218 1.79%
Gold 3374 1.11%
Silver 39.16 2.84%
Palladium 1122 0.72%
Platinum 1351 1.05%
Rhodium 7475 -0.33%
Copper 4.628 1.02%
Nickel 6.81 -1.16%
Zinc 1.27 0.00%
Tin 15.16 -0.13%
Cobalt 15.12 0.00%
Lithium 11348 -0.60%
Uranium 73.3 0.96%
Iron Ore 110 -0.27%
Coking Coal 189.3 -0.63%
Thermal coal 111 1.37%

 

.

.Click HERE for live Spot Metal Prices 

.=======

.

City Investors Circle is based in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining Reaches Major Milestone in Nevada with NOI

Orla Mining  (TSX: OLA; NYSE: ORLA)

Announced that the U.S. Department of the Interior Bureau of Land Management (has published the Notice of Intent for the South Railroad Project.

South Railroad is located in Nevada, USA and forms part of the Company’s larger South Carlin Complex land package located on the prolific Carlin Trend.

 

 

.

Orla Mining

South Carling complex – Courtesy of Orla Mining

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.4 billion   @ C$13.35
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

.

 

 

Orla Mining Reaches Major Milestone in Nevada with Notice of Intent for South Railroad Project 

 

Company Working with Cooperating Agencies to Fast-Track Timeline to Construction

.

Vancouver, BC – August 13, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the U.S. Department of the Interior Bureau of Land Management (“BLM”) has published the Notice of Intent (“NOI”) for the South Railroad Project (“South Railroad” or the “Project”) in the Federal Register.

South Railroad is located in Nevada, USA and forms part of the Company’s larger South Carlin Complex (“South Carlin”) land package located on the prolific Carlin Trend. 

The publication of the NOI represents a major milestone in the federal permitting process, as it formally initiates the process to complete the National Environmental Policy Act (“NEPA”) review and preparation of an Environmental Impact Statement by the BLM. Following receipt of all required state and federal permits, anticipated within 12 months, onsite construction can begin. The Company will seek opportunities to accelerate timeline to construction, where possible.

 

 

.

–Jason Simpson, President and Chief Executive Officer of Orla

“The publication of the Notice of Intent marks a significant milestone for our South Railroad project, continuing the process towards receipt of final permits.

 

“South Railroad is the next pillar in Orla’s organic growth strategy toward annual gold production of 500,000 ounces.

 

“We thank the BLM, the Secretary of the Interior Burgum, and the US Administration for their continued support of American mineral development and production.

 

“We will work with our cooperating agencies to fast-track the timeline to onsite construction start, and ultimately first gold production.”

 

.

South Railroad, 100% owned by Orla, is a low-complexity, feasibility-stage heap leach project. Orla plans to provide an update to South Carlin’s mineral resource, mineral reserve estimate, and feasibility study for the Project in the fourth quarter 2025.

The South Carlin Complex is located on a prospective 25,000-hectare land package, on the Carlin Trend, which provides opportunities for resource growth and new discoveries.

The Company has already commenced detailed project engineering and will begin ordering long lead equipment this year to de-risk project development in anticipation of final permits in 2026. The Company has secured sufficient sage grouse credits and has outlined strategies to secure water rights needed for construction, operations, and reclamation.  

Additional detail from the Bureau of Land Management available here:

.

To read the full news release, please click HERE

=======

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

 




Orla Mining Reports Q2 2025 Financial Results

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced the results for the second quarter ended June 30, 2025.

Record quarterly gold production of 77,811 ounces and total quarterly gold sold of 78,911 ounces, at AISC of $1,421 per ounce of gold sold. Year to date AISC is $1,260 per ounce of gold sold.

 

 

.

Orla Mining

Orla Mining – Musselwhite Gold Mine – Credits Orla Mining

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.4 billion   @ C$13.35
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

.

 

Orla Mining Reports Second Quarter 2025 Financial Results

Vancouver, BC – August 11, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) today announces the results for the second quarter ended June 30, 2025.

(All amounts expressed in U.S. dollars unless otherwise stated)

Second Quarter 2025 Summary

  • Record quarterly gold production of 77,811 ounces and total quarterly gold sold of 78,911 ounces (pre-released).
  • Second quarter all-in sustaining cost¹ (“AISC”) was $1,421 per ounce of gold sold. Year to date AISC was $1,260 per ounce of gold sold.
  • Net income for the second quarter was $48.2 million or $0.15 per share
  • Adjusted earnings¹ for the second quarter were $64.2 million or $0.20 per share.
  • Cash flow from operating activities before changes in non-cash working capital during the second quarter was $102.7 million.
  • Exploration and project expenditure¹ was $32.3 million during the quarter, of which $22.9 million was capitalized and $9.4 million was expensed.
  • The Company experienced a pit wall event at Camino Rojo on July 23rd. The mine has started the work on the action plan, including a 50–80 metre pushback of the north wall with a redesigned slope and continuous monitoring. As a result of the operational pause and mining resequencing at Camino Rojo, Orla updated annual consolidated guidance to 265,000 to 285,000 ounces of gold production and AISC of $1,350 to $1,550 per ounces of gold produced.
  • The Company ended the period with $215.4 million in cash and $420.0 million in debt after paying $30.0 million towards its revolving credit facility during the quarter.

 

 

.

– Jason Simpson, President and Chief Executive Officer of Orla. 

“The second quarter marked another record production period for Orla, supported by strong contributions from Musselwhite.

 

“However, the pit wall event at Camino Rojo on July 23rd was an operational setback.

 

“Thanks to proactive geotechnical monitoring systems, no injuries occurred, and no equipment was damaged.

 

“While the temporary suspension of in-pit operations poses a short-term challenge for what has otherwise been a consistently strong-performing mine, the benefits of Orla’s diversified production base are clear.”  

.

——-

 

To read the full news release, please click HERE

.

——-

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.




Mining Review 10th August 2025

Mining Review 10th August 2025

Donald Trump caused chaos in the gold market this week with an announcement to tariff gold imports into the USA.

Orla mining updated on the Camino Rojo mine pit wall collapse, and Ora Banda Mining announced a high-grade gold strike.

 

 

.

Meeka Metals

Photo courtesy of Meeka Metals

 

 

City Investors Circle Mining Review 10th August 2025

 

.

Mining Review 10th August 2025

Donald Trump caused chaos in the gold market this week with an announcement to tariff gold imports into the USA. This would impact Swiss refiners. An excellent synopsis can be read HERE.

This seems designed to hit Switzerland it what looks like a personal attack on the country, and at the time of writing the US government is stating it will issue an “clarification” soon.

——-

 

Orla mining updated on the Camino Rojo mine pit wall collapse, with a lowered productio guidance of 5% and a slight increase in AISC. It could have been worse!

Ora Banda Mining announced a high-grade gold strike, which did nothing to lift the depressed share price after the recent lowered production and costs guidance. They seem a hard to please bunch down under, OBM is trading at a tad over 50% from it’s high for a relatively small miss.

West Red Lake Gold Gold Mines gave out a decent update, but again did nothing to help a share price that lost momentum when the sad news of a fatality in the mine was released recently.

An interesting story to emerge from the Australian media is that Meeka Metals were knocked back in a bid to acquire New Murchison Gold.

——

.
A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

 Caprice Metals Announced a High-Grade Gold Discovery

  West Red Lake Gold Mines Provided a Madsen Mine Operations Update

  Ora Banda Mining Expanded Little Gem High-Grade Strike to Over 1KM

  Orla Mining Provided an Update on Pit Wall Event at Camino Rojo

  Kaiser Reef continues profitable operations – Period Ending 31 July 2025

  New Murchison Gold Knocked Back an Offer From Meeka Metals

  Mining Review 3rd August 2025

,

——-

Market Data

Weekly Price Changes

(US$ unless stated)

.

.

Metal Prices Price Weekly % change
Gold price in UK £ 2532 -0.08%
Gold in AUD$ 5188 -0.10%
Gold 3398 1.01%
Silver 38.2 2.99%
Palladium 1125 -6.64%
Platinum 1329 1.06%
Rhodium 7005 0.07%
Copper 4.46 0.90%
Nickel 6.86 2.24%
Zinc 1.28 4.92%
Tin 15.3 8.66%
Cobalt 15.76 0.00%
Lithium 9983 5.05%
Uranium 72.25 1.05%
Iron Ore 110 0.92%
Coking Coal 193.5 3.48%
Thermal coal 115 -2.13%
Metal ETFs Price Weekly % change
GLD 313 1.26%
GDX 58 10.58%
GDXJ 72 10.72%
Sil 54 13.49%
SILJ 16.74 15.13%
GOEX  (PCX) 49 12.62%
URA 40 4.66%
COPX  46 7.60%
HUI  473 10.16%
Gold / Silver ratio 88.95 -1.92%

.Click HERE for live Spot Metal Prices 

.=======

.

City Investors Circle is based in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE

 

 

 




Orla Mining Provides Update on Pit Wall Event at Camino Rojo

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico. 

Camino Rojo experienced an uncontrolled material movement on the north wall on July 23rd resulting in no injuries or equipment damage.

 

 

.

Orla Mining project panoramic view and location map

Orla Mining project panoramic view and location map – Zacatecas State, Mexico – Credits Orla Mining Ltd.

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.4 billion   @ C$13.35
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

.

Comment

Well I have to admit I’m happy and relieved with today’s news release and the small fall in share price.

It could have been worse, and to be honest I thought it might be.

The company have approached this in the right way, and been open and transprent with shareholders, which is the correct and professional way to handle such a situation.

Management deserve credit for their conduct throughout a tough few days in my opinion.

 

 

Orla Mining Provides Update on Pit Wall Event at Camino Rojo

Vancouver, BC – August 5, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is providing a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico.

Action plan in place to resume in-pit access, annual guidance updated 

 

Summary Detail 

  • Pit wall event: Camino Rojo experienced an uncontrolled material movement on the north wall on July 23rd resulting in no injuries or equipment damage.
  • Assessment: A geotechnical assessment, supported by third party consultants, has been ongoing which has informed an action plan and safe restart of mining.
  • North wall stabilization: A 50–80 metre pushback of the north wall is planned, with a redesigned slope and continuous monitoring to ensure safe operating conditions. Approximately 9.0 Mt of predominantly oxidized material (1:0.9 strip ratio, 0.74 g/t au) is expected to be removed and then crushed and stacked on the heap leach from the north wall.
  • No material was lost or sterilized in the pit wall event but rather the update to 2025 guidance is attributed to a deferral of production at Camino Rojo due to grade and recovery mix.

 

 

.

Jason Simpson, President and Chief Executive Officer of Orla stated;

“While the north wall event at Camino Rojo was a temporary setback, it has reinforced the importance of our pit wall monitoring, technical planning, risk management, and operational discipline.

 

“The team onsite acted quickly before the event to ensure safety.

 

“Following the event, our broader team, supported by expert consultants, rapidly implemented a comprehensive action plan that prioritizes safety, reinforces slope stability, and allows for continued operations in Mexico, important for all stakeholders.”

.

To read the full news release please click HERE

 

.

——-

,

Pit Wall Event Context

.

As reported on July 23, 2025, and updated on July 24, 2025, Camino Rojo experienced an uncontrolled material movement along the temporary north wall of the open pit. Importantly, there were no injuries, equipment damage, or environmental impacts resulting from the event.

Ramp access to the pit remained intact; however, open pit mining operations were temporarily suspended while the Company undertook a geotechnical assessment to support a safe action plan and restart of in-pit mining activities.

.

To read the full news release please click HERE

.

——-

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.




Market Review July 2025 Published

Market Review July 2025 Published

The highlighted company is Omai Gold Mines.

Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies.

 

 

.

Equinox Gold

Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

 

 

.

City Investors Circle Market Review July 2025 Published

 

It’s been another typical mid-summer month for gold and gold mining stocks, with prices sliding backwards. This is usual of course, but with the high price of god I had hoped this year would be the exception, but sadly not.

——-

 

The highlighted company is Omai Gold Mines.

The company is based in Guyana, in a prolific gold belt in a tier 1 country with british law.

——-

 

Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies, and a list of the top few on the ASX, London, and TSX exchanges.

 

——-

To read the July 2025 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentation, please email andrew@city-investors-circle.com

.

Archive of July’s news releases is listed below, click the link to be taken to the full story.

  Equinox Gold Reports New High-Grade Gold Drill Results

  New Murchison Gold June Quarter Activities Report

  Equinox Gold Announces Senior Leadership Transition

  Catalyst Metals Obtains A$100m Revolving Credit Facility

  Mining Review 27th July 2025

  Capricorn Metals to Acquire Warriedar Resources

  G Mining Ventures Updates on Gurupi Project Licensing Process

  Orla Mining Reports Pit Wall Event at Camino Rojo

  Barton Gold Announce Gawler Mill Refurbishment Estimated at A$26m

  Caprice Report High-Grade Intercepts At Island Gold

  Barton Gold Complete Regional Soil Sampling Programs

  Mining Review 20th July 2025

  Ora Banda FY25 Production Results And FY26 Guidance

  Lefroy secures funding via BML Lucky Strike Profit Cash Advance

  G2 Drills Best Holes to Date in New OKO Surface Discovery

  Barton Gold Expedite Tolmer Soil Sampling Tests

  Galiano Gold Announces Drilling Results Including 36m @ 2.5 G/T Au

  Equinox Gold Reports Q2 2025 Gold Production of 219,122 Oz

  Mining Review 13th July 2025

  G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho

  Orla Mining Achieves Record Quarterly Production

  West Red Lake Gold Announces Positive PEA for the Rowan Project

  Kaiser Reef Production Update – June Quarter

  Wesdome Gold Mines Completes Acquisition of Angus Gold

  G2 Drills Multiple Near Surface Intercepts in New Oko Discovery Area

  Mining Review 6th July 2025

  AIC Mines FY25 Production Guidance Achieved at Eloise Copper Mine

  NEW MURCHISON GOLD HIGH-GRADE GOLD AT CROWN PRINCE

  Meeka Pours First Gold at the Murchison on Schedule

  Barton Gold Acquires the Wudinna Gold Project

  Barton Gold Grows Resources at Central Gawler Mill

  Market Review June 2025 published

 

 

——-

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author may hold shares in some or all of the companies mentioned

.

To read our full terms and conditions, please click HERE




Mining Review 27th July 2025

Mining Review 27th July 2025

Orla Mining reported a pit wall “incident” and Newmont reported three miners trapped underground at the Red Chris mine in British Columbia.

The wonderful news is the trapped miners have now been freed and are safe

 

 

,

Orla Mine Pony Creek

 

 

.

City Investors Circle Mining Review 27th July 2025

 

Mining Review 27th July 2025

It was a week of Orla Mining reported a pit wall “incident” and Newmont reported three miners trapped underground at the Red Chris mine in British Columbia.

The wonderful news is the trapped miners have now been freed and are safe, after a remotely controlled machine cleared away the debris.

——-

 

Orla Mining have updated that the pit wall movement was caused by torrential rain, and they are currently assessing what effect this incident will have on guidance.

They have suggested they have a large stockpile of ore that can be placed on the leach pad, and the share price has recovered some of the 15% loss that occurred when the bad news was released.

I remain a shareholder but am a bit cautious about the potential damage to guidance, and any further bad news could damage the share price severely in the short term.

——-

 

The price of lithium is moving up quickly due to the Chinese curtailing some mines due to environmental concerns, and in an effort to correct an oversupply situation.

The price of copper has soared on trump tariff concerns, with importers rushing to bring stocks into the USA before the August deadline.

This is surely a false market that will correct once tariffs commence?

——-

 

A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

  Capricorn Metals to Acquire Warriedar Resources

  G Mining Ventures Updated on Gurupi Project Licensing Process

  Orla Mining Reports Pit Wall Event at Camino Rojo

  Barton Gold Announced the Gawler Mill Refurbishment Estimated at A$26m

  Caprice Resources Reported High-Grade Intercepts At Island Gold

  Barton Gold Completed Regional Soil Sampling Programs

  Mining Review 20th July 2025

,

——-

 

Market Data

Weekly Price Changes

(US$ unless stated)

.

Metal Prices Price Weekly % change
Gold price in UK £ 2485 -0.72%
Gold in AUD$ 5081 -1.32%
Gold 3338 -0.33%
Silver 38.3 0.10%
Palladium 1259 -3.15%
Platinum 1408 -2.29%
Rhodium 6250 8.70%
Copper 5.77 3.59%
Nickel 6.89 -0.14%
Zinc 1.28 0.00%
Tin 15.71 4.94%
Cobalt 15.12 0.00%
Lithium 9822 7.17%
Uranium 72.3 1.40%
Iron Ore 111.6 1.09%
Coking Coal 178 0.56%
Thermal coal 113.3 0.89%
Metal ETFs Price Weekly % change
GLD 307.4 -0.32%
GDX 53.96 5.53%
GDXJ 67.82 2.46%
Sil 50.05 3.86%
SILJ 15.49 3.61%
GOEX  (PCX) 45.98 1.95%
URA 41.83 2.20%
COPX  45.22 3.08%
HUI  442.53 5.06%
Gold / Silver ratio 87.15 -0.43%

 

.

Click HERE for live Spot Metal Prices 

 

.=======

.

City Investors Circle is based in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining Reports Pit Wall Event at Camino Rojo

Orla Mining (TSX: OLA; NYSE: ORLA)

Reported that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico.

 

 

.

Orla Mining Camino Rojo plant

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant – Credits Orla Mining

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.75 billion   @ C$14.60
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

 

.

Orla Mining Reports Pit Wall Event at Camino Rojo

Vancouver, BC – July 23, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) reports that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico. 

The event occurred along the temporary north wall of the open pit, which included ore material expected to be mined as part of the ultimate open pit.

There were no injuries or equipment damage as a result of the material movement, which was detected early by the pit monitoring systems.

The event was caused by significant rain. There was no environmental damage resulting from the incident; however, rainwater diversion channels will need to be re-established to prevent further material subsidence in the pit.

While the main access throughout the pit was not affected, mining in the pit has been temporarily suspended.

Pit access has been restricted to the necessary technical and operating personnel to support the appropriate geotechnical assessments required for safe remediation and resumption of mining activities.

Crushing and stacking of stockpiled material onto the heap leach will continue in the interim. The Company is currently assessing any potential impact of the pit wall event on its full-year production guidance for Camino Rojo.

The relevant authorities are being notified as appropriate, and Orla is implementing appropriate remediation measures.

The safety of all personnel remains the Company’s top priority as it undertakes a comprehensive analysis to ensure the ongoing stability of mining operations. 

.

——-

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

 




Mining Review 13th July 2025

Mining Review 13th July 2025

A very poor week for our producing watchlist companies, with good news being ignored.

Orla Mining and Kaiser Reef both reported record production at their projects in the last quarter. G Mining Ventures achieved nameplate capacity at the TZ mine, and West Red Lake Gold reported a positive PEA for Rowan.

 

 

.

Kaiser Reef

Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

 

 

.

City Investors Circle Mining Review 13th July 2025

 

Mining Review 13th July 2025

A very poor week for our producing watchlist companies, with good news being ignored, or sold into. The price of gold and silver has held steady, so its just selling to rotate into early stage juniors as some commentators are stating, or profit taking.

The price of copper has surged around 10% in a week on Trump tariff fears, and a rush to import into the USA before any tariffs take effect. I think tariffs on copper would damage US industry so I seriously doubt they will occur, and if they do, only for a short while.

——-

Orla Mining and Kaiser Reef both reported record production at their projects in the last quarter.

G Mining Ventures achieved nameplate capacity at the TZ mine, yet the price has fallen back almost a third from the peak a couple of months ago.

West Red Lake Gold Mines reported a positive PEA for Rowan. Normally this would cause a rise in share price, but WRLG has lost momentum since the fatality in the mine a couple of weeks ago. I suspect investors want some detail as to culpability before investing now.

——-

 

A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

  G Mining Ventures Achieved Nameplate Capacity at Tocantinzinho

  Orla Mining Achieved Record Quarterly Production

  West Red Lake Gold Announced a Positive PEA for the Rowan Project

  Kaiser Reef Production Update – June Quarter

  Wesdome Gold Mines Completed an Acquisition of Angus Gold

  G2 Drills Multiple Near Surface Intercepts in New Oko Discovery Area

  Mining Review 6th July 2025

 

.——-

.

Market Data

Weekly Price Changes

(US$ unless stated)

.

Metal Prices 130725 Weekly % change
Gold price in UK £ 2486 1.51%
Gold in AUD$ 5102 -1.18%
Gold 3355 0.54%
Silver 38.32 3.71%
Palladium 1216 6.39%
Platinum 1399 0.58%
Rhodium 5550 3.74%
Copper 5.59 11.42%
Nickel 6.87 -0.87%
Zinc 1.24 0.00%
Tin 15.22 -0.85%
Cobalt 15.12 0.00%
Lithium 8723 0.76%
Uranium 73.8 -5.02%
Iron Ore 104.6 2.75%
Coking Coal 177 -1.28%
Thermal coal 113 -0.88%
Metal ETFs Price Weekly % change
GLD 309.14 0.65%
GDX 52.42 -0.93%
GDXJ 68.84 0.57%
Sil 50.84 3.56%
SILJ 15.81 4.98%
GOEX  (PCX) 46.01 0.46%
URA 37.51 -1.03%
COPX  45.16 -2.80%
HUI  430.35 0.81%
Gold / Silver ratio 87.55 -3.06%

.

Click HERE for live Spot Metal Prices 

#

.

.=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining Achieves Record Quarterly Production

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the second quarter ended June 30, 2025. The company reported a record quarterly production including a first contribution from Musselwhite.

Orla remains on track to achieve annual consolidated production guidance of 280,000 to 300,000 ounces of gold.

 

 

.

Orla Mining

Orla Mining – Musselwhite Gold Mine – Credits Orla Mining

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.75 billion   @ C$14.60
Location Mexico + Nevada + Canada 
Website www.orlamining.com

.

Orla Mining Achieves Record Quarterly Production with First Full Quarter Contribution from Musselwhite

Vancouver, BC – July 10, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the second quarter ended June 30, 2025. Orla remains on track to achieve annual consolidated production guidance of 280,000 to 300,000 ounces of gold following the quarter.

(All amounts expressed in millions of US dollars, as at June 30, 2025 and are unaudited)

 

.

Second Quarter Operational Update

Total Gold Production & Sales Q2 2025 YTD Q2 2025
Camino Rojo oz 25,145  55,118
Musselwhite oz 52,666  70,4521
Total Gold Produced oz 77,811  125,570
Total Gold Sold oz 78,911 125,267
       
Camino Rojo, Mexico   Q2 2025 YTD Q2 2025
  Ore Stacked tonnes 2,608,589  4,281,415
  Stacked Ore Gold Grade g/t 0.57  0.66
  Gold Produced oz 25,145  55,118¹
  Gold Sold oz 26,591 57,103
   
Musselwhite, Canada Q2 2025 YTD Q2 202
Ore Milled tonnes 294,568  398,855
Milled Ore Gold Head Grade g/t 5.52  5.52
Gold Produced oz 52,666  70,452
Gold Sold oz 52,318  68,163

 

 

.

Camino Rojo Operations

During the quarter, Camino Rojo mined nearly 2.0 million tonnes of ore and 2.6 million tonnes of waste, for an implied strip ratio of 1.33. A total of 1.7 million tonnes of ore were stacked at an average grade of 0.71 g/t gold equating to an average daily stacking rate of about 18.5 thousand tonnes.

In addition, 0.9 million tonnes of low-grade ore were rehandled and placed on the leach pad, averaging 0.32 g/t gold. In total, 2.6 million tonnes of ore at an average grade of 0.57 g/t gold were placed on the heap leach pad during the quarter. 

.

Musselwhite Operations

During the quarter, Musselwhite mined 303,000 tonnes of ore and milled 295,000 tonnes at a mill head grade of 5.52 g/t gold. Gold recovery was 96.5% resulting in gold production of 52,666 ounces.

.

Liquidity Position

During the second quarter, Orla repaid $30.0 million towards its revolving credit facility, ahead of schedule, bringing the outstanding drawn amount to $120.0 million. At June 30, 2025, Orla’s cash position was $215.4 million, resulting in a net debt position of $204.6 million².

  Cash position – June 30, 2025 $215.4 million
  Debt ($420.0) million
  Net Debt² ($204.6) million

 

 

.

Second Quarter 2025 Conference Call

Orla expects to release its second quarter 2025 operating and financial results on Monday, August 11, 2025, and will host a conference call on Tuesday, August 12, 2025, at 10:00 AM, Eastern Time, to provide a corporate update. 

.

Dial-In Numbers / Webcast:

USA / International Toll:         +1 (646) 307-1963
Canada – Toronto:                 +1 (647) 932-3411
Canada – Toll-Free:                +1 (800) 715-9871

Conference ID:                       3544395

Webcast:                         https://orlamining.com/investors/

.

——-

 

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.




Mining Review 15th June 2025

Mining Review 15th June 2025

City Investors Circle published the review of the past week for watchlist stocks as well as the commodity markets.

Meeka Metals confirmed the commissioning of the processing plant as production commences at their Murchison gold project.

 

 

.

Meeka Metals

Meeka Metals drill site – Credits Meeka Metals

 

 

.

City Investors Circle Mining Review 15th June 2025

 

.

Mining Review 15th June 2025

City Investors Circle published the review of the past week for watchlist stocks as well as the commodity markets.

Meeka Metals confirmed the commissioning of the processing plant as production commences at their Murchison gold project.

——-

Gold was falling slowly until the Isreali attack on Iran, and it has now bounced over $3,400, and the large producing gold miners have all bounced back up after sliding for a couple of weeks.

Most of the industrial metals fell on less favourable economic news.

——-

 

“Rotation” is the new buzzword in the mining sector, as multiple commentators predict people are moving at least some of their profits from larger gold producers into more risky but potentially higher rewarding exploration juniors.

I have considered top slicing some profits, but only to invest into companies coming into production, such as West Red Lake Gold, Meeka Metals, Horizon etc. etc.

I do not yet feel there is a great opportunity in the early stage exploration space, and feel the largest upside remains with producers and soon to be producers.

There are hundreds of exploration companies out there, picking the one that will jump 100% or so after a drill result is like finding a needle in a haystack, so I prefer to stay with the producers for now.

——-

Archives

A list of all the significant news releases from our watchlist companies is below, please click on the link to be taken to the full story.

  Meeka Metals Plant Commissioning Underway

  Capricorn Metals Now a Fully Unhedged Gold Producer

  Mexican miners to demonstrate outside Orla Mining’s Vancouver offices

  Ora Banda Mining Report Strong Drill Results

  Power Metallic intercepts 12.54 m of 10.99% CuEq

  Orla Mining Delivers Initial Underground MRE for Camino Rojo

  Mining Review 8th June 2025

.

.——-

.

Market Data

Weekly Price Changes

(US$ unless stated).

 

Metal Prices Price Weekly % change
Gold price in UK £ 2532 3.30%
Gold in AUD$ 5307 4.04%
Gold 3430 3.53%
Silver 36.23 0.53%
Palladium 1028 -0.87%
Platinum 1228 5.95%
Rhodium 5450 -2.24%
Copper 4.75 -2.86%
Nickel 6.75 -2.60%
Zinc 1.16 -3.33%
Tin 14.81 3.21%
Cobalt 15.12 -1.11%
Lithium 8425 -0.75%
Uranium 69.7 -0.99%
Iron Ore 95.3 -1.04%
Coking Coal 180 -2.70%
Thermal coal 107.8 0.47%
Metal ETFs Price Weekly % change
GLD 316.29 3.64%
GDX 54.46 5.50%
GDXJ 71.23 3.23%
Sil 48.81 0.93%
SILJ 14.99 0.07%
GOEX  (PCX) 48.42 2.78%
URA 36.13 7.40%
COPX  42.89 -0.67%
HUI  431.81 3.03%
.

#

.

.=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.




Mexican miners to demonstrate outside Orla Mining’s Vancouver offices

Orla Mining (TSX: OLA)

VANCOUVER – Mine workers from Mexico, joined by United Steelworkers (USW) union members, will demonstrate Tuesday outside the Vancouver offices of Orla Mining to protest violence and intimidation against workers at Orla’s Camino Rojo mine in Mexico.

 

 

.

Orla Mining

 

 

Comment

This doesn’t read very well, as a shareholder I always want the company I’m invested in to treat their workers properly.

It does look like a battle between two unions for control, and officers of both have vested interests of course, but what we don’t know is whether or not the union at the mine is causing unneccesary issues to Orla by abusing their position.

Unless we hear both sides we simply cannot take an informed view, so until then I trust Orla management to treat their workers correctly.

 

=======

 

Steelworkers and Mexican miners to demonstrate outside Orla Mining’s Vancouver offices over human and labour rights abuses in Mexico

June 9, 2025

 

.THe

Orla Mining (TSX: OLA)

VANCOUVER – Mine workers from Mexico, joined by United Steelworkers (USW) union members, will demonstrate Tuesday outside the Vancouver offices of Orla Mining to protest violence and intimidation against workers at Orla’s Camino Rojo mine in Mexico.

WHO:    Members of the Mexican miners’ union Los Mineros and the United Steelworkers union

WHAT:   Protest outside Orla Mining offices in Vancouver over human and labour rights abuses

WHEN:  Tuesday, June 10, 4:30 p.m. PDT

WHERE: Sidewalk outside 1075 W. Georgia St., Vancouver

Since the spring of 2024, the Mexican miners’ union Los Mineros has alleged in numerous Mexican labour complaints that Orla Mining has pressured and coerced its workers in Mexico to decertify their union and affiliate with a pro-employer company union. A cartel is present at the mine and is alleged to have a relationship with the company’s management and the pro-employer union. Members of the cartel have threatened violence against workers who do not support the pro-employer union.

Last June the Mineros submitted a complaint over the company’s interference in their rights to freedom of association. The complaint was accepted by the U.S. Department of Labor under the Canada-U.S.-Mexico Agreement (CUSMA) Rapid Response Mechanism (RRM), and is now moving to an international arbitration panel.

 

.

——-

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

 

 

 




Orla Mining Delivers Initial Underground MRE for Camino Rojo

Orla Mining (TSX: OLA)

Provided the first underground Mineral Resource estimate for the Company’s Camino Rojo deposit located in Zacatecas, Mexico, representing a down plunge extension from the oxide open pit.

This news release presents the initial underground Mineral Resource estimate for the Camino Rojo deposit.

 

 

.

Orla Mining Camino Rojo plant

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant – Credit Orla Mining

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$3.94 billion   @ C$15.18
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

 

/

Orla Mining Delivers Initial Underground Mineral Resource for Camino Rojo in Mexico, Paving the Way for Future Development Planning

.

Vancouver, BC – June 5, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide the first underground Mineral Resource estimate for the Company’s Camino Rojo deposit located in Zacatecas, Mexico, representing a down plunge extension from the oxide open pit.

This news release presents the initial underground Mineral Resource estimate for the Camino Rojo deposit, incorporating mineralization hosted in the Camino Rojo Sulphides and extending into the underlying Zone 22.  Zone 22 represents the vertical and down plunge continuation of the Camino Rojo sulphide mineralization.

Summary Highlights:

  • Measured and Indicated Mineral Resource: 50.1 Mt at 2.45 g/t Au, 10.6 g/t Ag, and 0.25% Zn, averaging 2.58 g/t AuEq, totaling 3.95 Moz Au, 17.05 Moz Ag, 278 Mlbs Zn, and 4.16 Moz AuEq.
  • Inferred Mineral Resource: 5.6 Mt at 2.21 g/t Au, 10.9 g/t Ag, and 0.21% Zn, averaging 2.33 g/t AuEq, totaling 0.40 Moz Au, 1.95 Moz Ag, 26 Mlbs Zn, and 0.42 Moz AuEq.
  • Zone 22 accounts for only 7% (0.29 Moz AuEq) of the current underground Indicated Mineral Resource and 19% (0.08 Moz AuEq) of the current underground Inferred Mineral Resource. This represents only a portion of the defined mineralization in Zone 22, with drilling ongoing. The 2025 drilling results from Zone 22 will be incorporated in future resource updates.
  • Recovery model supported by ongoing metallurgical work: The mineral resource is divided into three spatially distinct zones, each with specific processing options for the Caracol-hosted mineralization: heap leaching (3%); cyanidation (CIL) (25%); and flotation followed by pressure oxidation (“POX”) as a pre-treatment prior to cyanidation (CIL with POX) (72%). These zones inform the resource recovery assumptions. Initial metallurgical testing indicates that material from Zone 22 is amenable to both cyanide leaching and flotation.  
  • Development strategy to advance the initial underground Mineral Resource towards possible future construction decision. This includes additional exploration, development planning for an exploration drift to allow for tighter spaced underground drilling, flowsheet design, further metallurgical testing, engineering studies, and permitting activities.

 

 

.

– Jason Simpson, President and CEO commented

“This initial underground resource marks an important milestone at Camino Rojo.

 

“When we acquired the project, the scale of the mineralized system was clear, but the path forward was uncertain.

 

“This resource crystallizes our belief in the potential for a future underground operation. Our team has taken a systematic approach, and we will now look to increase confidence and establish a clear path to construction.”

.

——-

 

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

 

 




Mining Review 18th May 2025

Mining Review 18th May 2025

Orla Mining’s Q1 loss disappointed the market and the shares were marked down harshly as a result.

West Red Lake Gold Mining are ramping up to production and the share price is stirring at last.

 

 

.

Westgold

Gold in drill core from Beta Hunt mine, Western Australia. – Credits Karora Resources

 

 

 

.

Mining Review 18th May 2025

Orla Mining’s Q1 loss disappointed the market and the shares were marked down harshly as a result.

West Red Lake Gold Mining is ramping up to production and the share price is stirring at last.

Westgold and G Mining Ventures both released decent results, bit share prices fell due to the falling price of gold.

 

——-

 

Gold had a poor week as a risk on attitude returned to the markets, but did hold onto the $3,200 level just, but may well fall below next week.

US economic data looked better, but inflation fears remain and Trump is focused on reducing interest rates, which will be bullish for gold.

 

——-

 

News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.

Archives

  City Investors Circle Watchlist adjustments

 G Mining Ventures Reported First Quarter 2025 Results

  Westgold Report Results For The Period Ending 31 March 2025

  West Red Lake Gold  Mines Intersected 48.97 g/t Au over 18.7m

  Orla Mining’s Q1 Loss Disappointed the Market

  Capricorn Metals Drilling Update

  Mining Review 11th May 2025

 

——-

.

Market Data

Weekly Price Changes

(US$ unless stated).

Metal Prices Price   Weekly % change
Gold price in UK £ 2421 -3.56%
Gold in AUD$ 5027 -3.03%
Gold 3202 -3.70%
Silver 32.35 -1.04%
Palladium 960.03 -1.89%
Platinum 989 1.61%
Rhodium 4625 -13.95%
Copper 4.61 -0.22%
Nickel 7.02 0.72%
Zinc 1.22 5.17%
Tin 14.08 0.00%
Cobalt 15.76 3.07%
Lithium 8768 0.09%
Uranium 71.5 2.07%
Iron Ore 100.3 2.14%
Coking Coal 189.5 1.07%
Thermal coal 102.5 -2.38%
Metal ETFs                       Price  Weekly % change
GLD 294.24 -4.11%
GDX 46.33 -8.02%
GDXJ 58.71 -8.74%
Sil 39.43 -7.38%
SILJ 11.93 -6.28%
GOEX  (PCX) 39.79 -9.38%
URA 27.71 2.03%
COPX  38.53 -1.61%
HUI  365.85 -8.56%
Gold / Silver ratio                                       98.98 -2.69%

.

Click HERE for live Spot Metal Prices 

#

.

.=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining’s Q1 Loss Disappoints the Market

Orla Mining (TSX: OLA)

Published Q1 figures that disappointed the market as the Musselwhite costs increased the loss on a short term basis.

Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces at an AISC of $850 for Camino Rojo only.

 

 

,

Orla Mining

Orla Mining – Musselwhite Gold Mine –    Credits Orla Mining

 

 

.

 

 

,

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$3.97 billion   @ C$12.37
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

,

Orla Mining’s Q1 Loss Disappoints the Market

 

 

Orla Mining (TSX: OLA)

Published Q1 figures that disappointed the market as the Musselwhite costs increased the loss on a short term basis.

Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces at an AISC of $850 for Camino Rojo only.

 

First Quarter 2025 Highlights

  • Record quarterly gold production of 47,759 ounces and total quarterly gold sold of 46,356 ounces (pre-released). First quarter all-in sustaining cost1 (“AISC”) was $845 per ounce of gold sold (Camino Rojo operations only).
  • Acquisition of Musselwhite completed; integration process advancing.
  • Updated 2025 production and AISC guidance, inclusive of Musselwhite, is 280,000 to 300,000 ounces of gold produced and $1,300 to $1,500 per ounce gold sold, respectively.2 With first quarter production and costs, Orla is currently on plan to achieve full year guidance.
  • Musselwhite investment of $115.0 million of exploration and capital to enhance future growth profile.
  • Net loss for the first quarter was $69.8 million or $(0.22) per share, driven by the fair value adjustments on our financial instruments arising from the Musselwhite acquisition.
  • Adjusted earnings1 for the first quarter were $38.6 million or $0.12 per share.
  • Cash flow from operating activities before changes in non-cash working capital during the first quarter was $401.2 million driven by the proceeds received from the gold prepayment3.
  • Exploration and project expenditure1 was $15.8 million during the quarter, of which $6.9 million was capitalized and $8.9 million was expensed.
  • The Company ended the period with a cash balance of $184.2 million and $450 million in debt.

.

.

.

–       Jason Simpson, President and Chief Executive Officer of Orla commented

“We are proud of the continued consistency from our team in Mexico where the Camino Rojo Mine remains a strong cash flow generator.

 

“This quarter also marked a major milestone with the closing of the Musselwhite acquisition, expanding our presence in Canada, and increasing our annual gold production guidance to 280 – 300 thousand ounces.

 

“Over the next two quarters, our focus will be on integrating Musselwhite, laying the foundation for long-term success. Over the next 24 months and beyond, we plan to invest significantly in exploration and provide our new team with the resources to reshape Musselwhite beyond 2030.

 

“Our next step of growth will be driven by our U.S. team, where we continue to advance the South Railroad Project in Nevada through permitting and toward construction.”

.

——-

 

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

To read our full terms and conditions, please click HERE




Mining Review 20th April 2025

Mining Review 20th April 2025

The price of gold reached a new high and settled up around 2%.

Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

 

 

Happy Easter!

We wish all our readers a happy and peaceful Easter.

 

 

Awale Resources

Awalé Resources at the PDAC

 

 

City Investors Circle Mining Review 20th April 2025

,

The price of gold reached a new high and settled up around 2%. All the precious metals rose, with silver rising nearly 5%.

Base metals also rose, with the exception of lithium, coking. and thermal coal.

 

——-

 

Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

Awalé Resources reported more high-grade gold strikes in the Ivory Coast.

Producing gold miners generally had a good week as the market seems to be finally recognising the revenue now being earned at the higher gold price. The good results being reported now are at a lower gold price than currently, so if this price remains or increases the next set of results will be spectacular.

 

——-

Archives

image_pdfimage_print

  Colonial Coal mourns the passing of Director Tony Hammond

  Calibre Mining Delivered 71,539 Ounces in Q1 2025, a Record

  Awalé Resources Hit 12 g/t Gold over 26 Metres

  Orla Mining Achieved Record Quarterly Production

  Orla Mining Launched a $25M Exploration Drilling Program

  Capricorn Metals On Track for Production Guidance

  Mining Review 13th April 2025

,

——-

.

Market Data

Weekly Price Changes

(US$ unless stated).

Metal Prices 200425 Weekly % change Monthly YTD
Gold price in UK £ 2510 1.50% 6.99% 17.95%
Gold in AUD$ 5220 1.68% 7.50% 24.67%
Gold 3332 2.90% 10.19% 26.12%
Silver 32.79 4.49% -0.94% 14.65%
Palladium 967 4.88% 2.06% 4.71%
Platinum 973 5.42% -0.31% 2.60%
Rhodium 4625 -15.14% -19.57% 3.35%
Copper 4.79 8.13% -5.71% 21.57%
Nickel 7.02 6.04% 4.31% 3.08%
Zinc 1.28 7.56% -3.76% -3.76%
Tin 16.29 17.11% 2.00% 27.27%
Cobalt 16.04 4.91% -1.23% 47.02%
Lithium 9457 -0.80% -4.12% -3.91%
Uranium 65.1 1.09% -0.31% -12.50%
Iron Ore 99.5 0.40% -0.50% -3.96%
Coking Coal 182.5 -0.82% 4.89% -10.54%
Thermal coal 98 -1.80% -2.00% -22.53%
Metal ETFs Price Weekly % change Monthly YTD
GLD 306.12 2.75% 9.92% 25.55%
GDX 50.92 2.45% 14.43% 45.36%
GDXJ 64.12 4.74% 15.47% 44.77%
Sil 41.55 3.31% 5.16% 26.87%
SILJ 12.59 1.94% 1.61% 21.88%
GOEX  (PCX) 42.385 4.97% 15.27% 39.20%
URA 22.87 0.97% -8.52% -19.70%
COPX  36.35 2.34% -12.91% -6.65%
HUI  399.62 2.41% 13.48% 40.28%

Click HERE for live Spot Metal Prices 

#

.

.=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining Achieves Record Quarterly Production

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the first quarter ended March 31, 2025.

Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.

 

 

.

Orla Mining

Orla Mining – Musselwhite Gold Mine – Courtesy of Orla Mining

 

 

.

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$5 billion   @ C$15.65
Location Mexico + Nevada + Canada + Panama
Website www.orlamining.com

 

 

 

.

Orla Mining Achieves Record Quarterly Production, market cap tops CAD$5 billion

 

Vancouver, BC – April 14, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the first quarter ended March 31, 2025.

Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.

Updated 2025 guidance, including the Musselwhite Mine, will be provided during the second quarter.

(All amounts expressed in millions of US dollars, as at March 31, 2025 and are unaudited)

First Quarter Operational Update

Total Gold Production & Sales Q1 2025
Camino Rojo oz 29,973 
Musselwhite (March only)1 oz 17,786 
Total Gold Produced oz 47,759 
Total Gold Sold oz 46,356 
     
Camino Rojo, Mexico   Q1 2025
  Ore Stacked tonnes 1,672,826
  Stacked Ore Gold Grade g/t 0.78 
  Gold Produced oz 29,973 
  Gold Sold oz 30,512 
 
Musselwhite, Canada March 20251
Ore Milled tonnes 104,287 
Milled Ore Gold Head Grade g/t 5.55 
Gold Produced oz 17,786 
Gold Sold oz 15,845 

.

 

Camino Rojo Operations

During the quarter, Camino Rojo mined nearly 1.9 million tonnes of ore and 2.8 million tonnes of waste, for an implied strip ratio of 1.48. The operations achieved a daily stacking rate of 18.4 thousand tonnes per day at an average gold grade of 0.78 g/t, in line with the mine plan.

 

Musselwhite Operations

Orla completed the acquisition of Musselwhite on February 28, 2025, and operational figures are provided from March 1, 2025, onwards.

During the month of March, Musselwhite mined 108 thousand tonnes of ore and milled 104 thousand tonnes at a mill head grade of 5.55 g/t gold. Gold recovery rates of 95.7% resulted in gold production of nearly 18,000 gold ounces.

.

Liquidity Position

  Cash position – March 31, 2025 $184.2 million
  Debt ($450.0) million
Net Debt2 ($265.8) million

/

First Quarter 2025 Conference Call

Orla expects to release its first quarter 2025 operating and financial results on Friday, May 9, 2025, and will host a conference call on Monday, May 12, 2025, at 15:00 PM, UK time, to provide a corporate update. 

.

Dial-In Numbers / Webcast:

International Toll:         +1 (646) 307-1963
Canada – Toronto:       +1 (647) 932-3411

Conference ID:                       4940392

Webcast:                        https://orlamining.com/investors/

.

.

.

The live gold price can be found HERE

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

To read our full terms and conditions, please click HERE