Mining Review 8th March 2026

Mining Review 8th March 2026

Catalyst Metals and Ora Banda Mining posted strong H1 results.

Fuerte Metals and Orla Mining advanced their development projects.

 

 

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Heliostar

 

 

 

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Mining Review 8th March 2026

 

 

Mining Review 8th March 2026

Catalyst Metals and Ora Banda Mining posted strong H1 results.

Fuerte Metals and Orla Mining advanced their development projects.

Gold stocks in my portfolio were mainly down as a result of the 2% fall in price of the gold. I am not taking any action, as Charlie Munger once said, “time in the market beats timing the market”.

In my experience that is mainly the case, over time the markets rise, and I have never been good at trying to time trades so sitting and holding is my preferred method of increasing my portfolio value.

 

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The price of gold fell in US dollar terms, but the UK pound price actually increased as a result of a fall in the value of the pound versus the dollar.

This highlights the store of value offered by gold to investors in a country such as the UK where the government is felt to be running the economy down, and in a way negative to growth and business entrepreneurship.

Silver and palladium took huge hits, dropping 9.95% and 12.16% respectively.

n general this was another week of precious metals volatility, despite the US and Israeli attacks on Iran continuing, and the price of oil rising fast.

 

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  Caprice Resources Defined a New Targets at Vadrians

  Catalyst Metals Posted Strong Half Year Results

  Ora Banda Mining Reported Record Half Year Results

  Fuerte Metals Awarded a Contract for the Coffee Gold Project’s Northern Access

  Orla Mining Filed an  Updated Technical Report for South Railroad

  Market Review For February 2026 Published

  Mining Review 1st March 2026

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

Metal Prices Price Weekly % change
Gold price in UK £ £3857 0.52%
Gold in AUD$ A$7357 -0.81%
Gold 5172 -2.01%
Silver 84.34 -9.95%
Palladium 1611 -12.16%
Platinum 2145 -8.06%
Rhodium 11600 3.34%
Copper 5.76 -3.68%
Nickel 7.93 -3.06%
Zinc 1.5 -2.60%
Tin 22.64 -0.75%
Cobalt 25.53 0.00%
Lithium 22107 3.22%
Uranium 86.15 -3.15%
Iron Ore 101 2.02%
Coking Coal 230 -6.50%
Thermal coal 136 16.24%

Click HERE for live Spot Metal Prices 

 

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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 some of the companies mentioned.

.

To read our full terms and conditions, please click HERE



Orla Mining Files Updated Technical Report for South Railroad

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced that the Company has filed an updated independent technical report for South Railroad prepared in accordance with National Instrument 43-101.

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

 

 

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Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$10 billion   @ C$29.67
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

Orla Mining Files Updated Technical Report for South Railroad Gold Project, in Nevada

 

 

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Vancouver, BC – March 2, 2026 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the Company has filed an updated independent technical report for South Railroad (the “South Railroad Technical Report”), which was prepared in accordance with National Instrument (“NI”) 43-101.

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

The South Railroad Technical Report now includes a construction-ready feasibility study backed by advanced engineering and expanded metallurgical testing. Key enhancements include a two-stage crushing circuit for improved recoveries and a comprehensive execution plan to support the project’s transition into development.

The detailed technical report is now available on SEDAR+ and EDGAR under the Company’s profile at www.sedarplus.ca and www.sec.gov, respectively. The technical report is now also available on Orla’s website at www.orlamining.com.

Orla is currently transitioning to the execution phase, focusing on detailed engineering, construction readiness, and long-lead procurement. Full construction is expected to commence in mid-2026, pending the receipt of final project permits. The development is expected to be funded through operating cash flow and cash on hand. For further details, please refer to the summary highlights in the January 15, 2026, news release.

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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.

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 22nd February 2026

Mining Review 22nd February 2026

Catalyst Metals, Minerals 260, and West Red Lake Gold mines all released strong drill results.

Orla Mining released a positive PEA for the Camino Rojo underground.

 

 

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West Red Lake Gold Mines

Drill core from recent drilling – Credits West Red Lake Gold Mines

 

 

 

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City Investors Circle Mining Review 22nd February 2026

 

 

 

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Catalyst Metals, Minerals 260, and West Red Lake Gold Mines all released strong drill results.

Orla Mining released a positive PEA for the Camino Rojo underground.

 

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The price of gold fluctuated around the $5,000 level all week, ending strongly as the likelihood of the US attacking Iran increased as the US was confirmed at considering a “limited first strike” to pursuade the Iranians to make a deal.

Silver and palladium also had a good week, but platinum reversed on higher inventory news.

 

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News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.Archives

  Orla Mining Released a Positive Camino Rojo Underground PEA

  West Red Lake Gold Mines Intercepted 84.3 g/t Au over 1m at Rowan

  Catalyst Metals Reports High-Grade Gold At Old Highway

  Horizon Minerals Halted for “Significant Capital Raise”

  Kaiser Reef Outlined a Strategic Plan For Henty and Maldon Gold Mines

  Minerals 260 Reported a 7m @ 12.7 g/t Au Intersect at Bullabulling

  Mining Review 15th February 2026

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

Metal Prices 220226 % change
Gold price in UK £ 3788 2.49%
Gold in AUD$ 7190 0.35%
Gold 5027 -0.32%
Silver 81 4.35%
Palladium 1827 7.22%
Platinum 2058 -0.91%
Rhodium 10900 1.40%
Copper 5.75 -0.86%
Nickel 7.84 1.69%
Zinc 1.52 0.00%
Tin 20.7 -8.12%
Cobalt 25.53 0.00%
Lithium 19479 0.10%
Uranium 88.8 -0.22%
Iron Ore 95.6 -1.44%
Coking Coal 247 0.82%
Thermal coal 121 2.54%
Metal ETFs Price % change
GLD 468.62 1.21%
GDX 106 1.92%
GDXJ 142 4.41%
Sil 108 5.88%
SILJ 36 5.88%
GOEX  (PCX) 99.52 3.42%
URA 54 3.85%
COPX  89 1.14%
XGD:AX 20371 0.35%
HUI  893 2.53%

Click HERE for live Spot Metal Prices 

 

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.

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 some of the companies mentioned.

.

To read our full terms and conditions, please click HERE



Orla Mining Release Positive Camino Rojo Underground PEA

Orla Mining  (TSX: OLA)

Announced positive results of a Preliminary Economic Assessment for the underground project at its Camino Rojo Mine located in Zacatecas, Mexico.

The PEA evaluates the technical and economic potential of a stand-alone, underground development project beneath the existing Camino Rojo open pit operation.

 

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Orla Mining Camino Rojo plant

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

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$6.67 billion   @ C$22.58
Location Mexico + Nevada + Canada 
Website www.orlamining.com

/

 

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Orla Mining Release Positive Camino Rojo Underground PEA 

 

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Vancouver, BC – February 19, 2026 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce positive results of a Preliminary Economic Assessment (the “PEA” or the “Study”) for the underground project (the “Project”) at its Camino Rojo Mine (“Camino Rojo”) located in Zacatecas, Mexico.

The PEA evaluates the technical and economic potential of a stand-alone, underground development project beneath the existing Camino Rojo open pit operation and outlines a potential pathway toward development of a larger-scale and long-life underground mining operation and processing facility.

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

 

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Camino Rojo Underground PEA Highlights

  • Underground Sulphide Expansion Beyond Oxides Open Pit: The PEA outlines a pathway to develop an additional, standalone operation at Camino Rojo beyond the current open pit heap leach operation through development of an underground mining operation supported by its own crushing, grinding, and flotation circuits producing saleable concentrates.
  • Robust Economics Across Gold Price Scenarios:
    • Net Present Value (“NPV”)5% of $1.3 billion and 30% internal rate of return (“IRR”) at $3,100/oz gold price (after-tax).
    • NPV5% of $3.3 billion and 61% IRR at $5,000/oz gold price (after-tax)¹.
  • Capital Efficient Growth Opportunity: The Project demonstrates strong capital efficiency with an after-tax NPV to initial capital ratio of 5.5:1 at $5,000/oz gold, highlighting the leverage of the underground expansion to gold prices.
  • Strong Production Profile and Optimal Margins: Average annual gold production over the first 10 years is projected to be 215,000 ounces, with an expected average all-in sustaining cost (“AISC”)² of $1,304 per payable ounce of gold. 
  • Phased De‑Risking Strategy: A phased de-risking program through 2026 will advance optimization studies, exploration decline development, and staged underground drilling to build technical and resource confidence ahead of a construction decision. The Company intends to complete a pre-feasibility study (“PFS”) for the Project in 2027. 
  • Exploration Growth Potential Beyond Current Study:  Since 2020, 110,000 metres of drilling have advanced Camino Rojo into a de-risked underground project with over 4 Moz gold equivalent (“AuEq”)3in measured and indicated (“M&I”) Mineral Resources, defining higher-grade zones, extending mineralization at depth with Zone 22, and reinforcing strong district-scale growth potential.

 

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–Jason Simpson, Orla’s Chief Executive Officer said’,

“A multi-year program of drilling and test work underpins this initial underground expansion study, highlighting the potential opportunity beyond the current oxide heap leach operation.

 

“The work represents an important milestone as the Project advances towards a future construction decision.

 

“Supported by a solid base case PEA and with the deposit remaining open in Zone 22, the Project offers continued growth potential and the basis for a multi-decade mining complex in Mexico.”

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, 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.

.

To read our full terms and conditions, please click HERE



Orla Mining Achieves Record Quarterly Production of Gold

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the fourth quarter and year ended December 31, 2025, as well as 2026 guidance. 

Orla exceeded its revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold producing 300,620 oz in 2025.

 

 

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Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$6.67 billion   @ C$22.58
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

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Orla Mining Achieves Record Quarterly Production Propelling Company Above 300,000 Ounces for 2025, setting up a Catalyst-Rich 2026

 

 

Vancouver, BC – January 20, 2026 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the fourth quarter and year ended December 31, 2025, as well as 2026 guidance. 

Orla exceeded its revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold producing 300,620 oz in 2025.

The Company anticipates full year 2025 all-in sustaining (“AISC”)¹ to be within the revised guidance range of $1,350-$1,550 /oz.

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

 

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Fourth Quarter and Full Year Operational Update

Total Gold Production & Sales Q4 2025 FY  2025² FY 2025 Revised Guidance
Total Gold Produced oz 95,405 300,620 265,000 – 285,000
Total Gold Sold oz 92,889 297,013
       
Musselwhite, Canada      
  Ore Milled tonnes 361,407 1,089,896
  Milled Ore Gold Head Grade g/t 6.77 6.04
  Gold Produced oz 75,818 203,8562 170,000 – 180,0002
  Gold Sold oz 73,910 198,970
     
Camino Rojo, Mexico    
  Ore Stacked tonnes 1,862,807 8,938,173
  Stacked Ore Gold Grade g/t 0.47 0.54
  Gold Produced oz 19,587 96,764 95,000 – 105,000
  Gold Sold oz 18,979 98,043

 

 

 

– Jason Simpson, President and Chief Executive Officer, Orla Mining;

“Thanks to the effort and dedication of our people across the business, we successfully exceeded our annual production guidance —delivering more than 300,000 ounces for the first time in our history.

 

“The strength of our diversified portfolio was clearly demonstrated in the second half of 2025, driven by outstanding execution by our operations teams in Mexico and Canada.

 

“Despite short-term challenges at Camino Rojo, the operation has fully rebounded, and Musselwhite’s exceptional production performance in our first ten months of ownership propelled us to record annual production.

 

“Our 2026 guidance reflects strong gold production and sustained investment to accelerate growth at Musselwhite, South Carlin, and Camino Rojo.

 

“Together, these priorities position us to deliver long-term value through disciplined execution of a high-quality pipeline of opportunities.”

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Musselwhite Operations

During the quarter, Musselwhite mined 370,622 tonnes of ore and processed 361,407 tonnes at a mill head grade of 6.77 g/t gold. Gold recovery was 95.65% resulting in gold production of 75,818 ounces. 

 

Camino Rojo Operations

During the quarter, Camino Rojo mined over 1.7 million tonnes of ore and nearly 2.7 million tonnes of waste, for an implied strip ratio of 1.52. A total of 1.86 million tonnes of ore were stacked at an average grade of 0.47 g/t gold equating to an average daily stacking rate of about 20.2 thousand tonnes.

Our Camino Rojo team in Mexico responded rapidly and safely to the July pit wall event, mitigating the impact by processing stockpiled material while the north wall was re-established. With overburden removal now complete and mining returned to the main portion of the deposit, Camino Rojo is well positioned to deliver consistent performance in 2026. Camino Rojo produced 96,764 ounces of gold in 2025, in line with the revised annual guidance.

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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=======

.

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 Confirms 2 Km Gold Trend Extension at Musselwhite 

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an update on continued exploration success at the Musselwhite Mine, with drilling confirming high grade gold mineralization extends two kilometers beyond current underground operations.

The Company’s recent aggressive, multifaceted drilling campaign has delivered consistent high-grade results across all priority zones, strengthening confidence in significant resource growth potential and extended mine life.

 

 

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Orla Mining

Musselwhite Gold Mine – Credits Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$6.58 billion   @ C$19.39
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

Orla Confirms Two-Kilometre Gold Trend Extension at Musselwhite 

High grade drilling results strengthen confidence in significant resource growth and mine life extension

 

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Vancouver, BC – December 18, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an update on continued exploration success at the Musselwhite Mine, with drilling confirming high grade gold mineralization extends two kilometers beyond current underground operations.

Since the October 6 update, announcing initial discovery of the mine trend extension, the Company’s aggressive, multifaceted drilling campaign has delivered consistent high-grade results across all priority zones, strengthening confidence in significant resource growth potential and extended mine life.

 

New Exploration Highlights:

  • Continued Mine Trend Extensions Confirmation: Significant gold mineralization intersected two kilometres down plunge of current operations, returning 5.0 metres at 5.57 g/t Au incl. 1.0 m at 8.79 g/t Au (25-NSD03-002W).
  • Additional underground resource growth: Multiple high-grade underground intersections from the Redwings, Lynx, West Limb and PQE Zones continue to support production and growth, including 9.0 metres at 22.1 g/t Au (25-LNX-009) and 15.0 metres at 10.1 g/t Au (25-LNX-041).
  • Continued near-mine satellite drilling success: Shallow high-grade mineralization confirmed at near-mine satellite targets, including 1.2 metres at 43.8 g/t Au incl. 0.4 m at 129 g/t Au (25-KAZ-007).

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Deep Directional Drilling Confirms Two-Kilometre Mine Trend Extension, Potential Upper and Lower Zones

The 2025–2026 deep directional surface drill program is targeting the northwest down-plunge extension of the Mine Trend, testing approximately one to two kilometres beyond current operations through a planned 30-hole program. To date, 11,744 metres have been completed, with assay results received from eight holes. Planned drill metres have increased from 11,000 metres to approximately 12,500 metres by year-end 2025. This news release reports results from four additional holes completed since the October 6, 2025, results press release.

 

 

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Sylvain Guerard, Orla’s Senior Vice President, Exploration said:

“Since our October 2025 update, the Musselwhite exploration program has continued delivering a steady stream of high-grade intercepts across all priority zones. 

 

“These results strengthen confidence in resource growth and the outlook for extended mine life. We will carry the momentum with all priority exploration programs initiated in 2025 continuing through 2026.”

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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=======

.

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 7th December 2025

Mining Review 7th December 2025

A long week of conferences in London as Mining Week 2025 closed on Friday.

I had a few good meetings and a few potential new investments to consider.

 

 

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Mines and Money

 

 

 

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City Investors Circle Mining Review 7th December 2025

 

A long week of conferences in London as Mining Week 2025 closed on Friday, after having three conferences in six days.

The week started with the Northern Miner Symposium (it sounds so much more sophisticated than conference does it not?) at the 121 venue at Houndsditch.

The event is a lot smaller than 121, and set on a different floor. There were around 20 companies exhibiting, so not a great deal of choice, and upon reviewing the list I was in two minds whether to attend at all.

I settled for arranging a few meetings after lunch on the final day, so I arrived just before lunch and then had a full afternoon.

Gunnison Copper enter the hall of infamy for keeping me waiting outside their booth whilst the previous meeting carried on. Meetings were only 15 minutes long, so after waiting for five minutes where I could clearly be seen, I left so as not to waste any more time. If they had a good meeting in progress, at least say so, I wouldn’t have minded.

 

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On the first day of Mines and Money I had a private investor annual lunch to attend, so my first experience was on day 2. Registration was easy, and no queues as it was the second day.

My impression is that it was smaller than last year. I had arranged a good number of meetings to comply with the five meeting free entry rule, although in all honesty there were few companies in the show that got my interest. I am selective these days, there’s no point in wasting everyone’s time if a company’s story doesn’t fit my investment criteria.

I had a few good meetings and a few potential new investments to consider, Dakota Gold being the standout for me.  It has an experienced successful CEO, Rob Quartermain, is located in a tier 1 jurisdiction, the USA, is a former producing gold mine steeped in history and production, is well funded and backed by institutions of the highest calibre.

I am reviewing the other companies I engaged with, and may add one or two to the watchlist. Dakota Gold is going on the Tier 3 watchlist as production is some three years away as it currently stands.

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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. 

  Orla Mining Announced a Dividend and Quarterly Dividend Program

  Caprice Resources began Air Core Drilling at The Island Gold Project

  Mines and Money London 2025

  Orla Mining Discovered a High-Grade Oxide Gold at South Carlin

  Barton Gold Reported Broad, High-Grade Assays at ‘S1’ Pit Area

  Northern Miner London Symposium

  Market Review November 2025 Published

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

 

Metal Prices Price Weekly % change
Gold price in UK £ 3152 1.32%
Gold in AUD$ 6340 0.62%
Gold 4199 -1.29%
Silver 58.49 11.96%
Palladium 1441 -4.25%
Platinum 1650 0.86%
Rhodium 7950 -0.63%
Copper 5.41 5.66%
Nickel 6.68 -0.60%
Zinc 1.46 15.87%
Tin 15.93 0.06%
Cobalt 22.7 43.94%
Lithium 12801 24.12%
Uranium 76 -3.97%
Iron Ore 103.2 -1.71%
Coking Coal 206 7.29%
Thermal coal 108 0.00%

 

 

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 Discovers High-Grade Oxide Gold at South Carlin

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced results from its 2025 exploration program at the South Carlin Complex in Nevada.

The 18,000-metre drilling campaign delivered significant oxide intercepts outside current pit designs and advanced multiple satellite targets, reinforcing resource growth potential.

Drill Rig at South Railroad

Credits – Orla Mining Ltd.

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,
,
,

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$6.34 billion   @ C$18.64
Location Mexico + Nevada + Canada 
Website www.orlamining.com

.

Vancouver, BC – December 2, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce results from its 2025 exploration program at the South Carlin Complex (“South Carlin”) in Nevada.

The 18,000-metre drilling campaign delivered significant oxide intercepts outside current pit designs and advanced multiple satellite targets, reinforcing resource growth potential across the Company’s extensive land package along the prolific Carlin Trend ahead of planned 2028 production. 

Orla is advancing the South Railroad Project (“South Railroad”, or the “Project”), located within the large South Carlin Complex. South Railroad is in final permitting, with an optimized feasibility study due early in the first quarter 2026, construction is expected to begin mid-2026, and first production in 2028.

 

.

2025 Exploration Highlights:

Significant Open Pit Expansion Potential Confirmed

  • Drilling intersected significant oxide mineralization 100-130 metres beyond current feasibility pit shells at both Pinion and Dark Star deposits: 
    • Pinion: 67.1 metres at 1.06 g/t Au (oxide), including 36.6 metres at 1.68 g/t Au in hole PR25-05 and 32 metres at 0.94 g/t Au (oxide) in hole PR25-02 demonstrating mineralization extends across the Bullion Fault structure.
    • Dark Star: 22.6 metres at 5.65 g/t Au (oxide), including 5 metres at 15.1 g/t Au (DS25-03) confirming high-grade oxide continuity between the north and south pit shells.

.

Satellite Discoveries Advancing

  • Spike Target: Oxide gold confirmed over 1.5 kilometres strike length, 600 metres south of POD-Sweet Hollow, with intercepts including 38.1 metres at 0.80 g/t Au (RR25-05) and 21.3 metres at 0.76 g/t Au (RR25-06).
    • Firebox Target: First hole returned24.4 metres at 1.08 g/t Au (PR25-09, prelim. Fire Assay), confirming an exciting new target 500 metres from Pinion.

.

 

.

Sylvain Guerard, Senior Vice President, Exploration commented,

“The South Carlin Complex is advancing rapidly and remains early in its exploration life.

 

“These results provide a strong foundation for resource growth that we expect to capture in future studies, and position South Railroad as a cornerstone asset on the Carlin Trend.”– 

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South Carlin Complex –District-Scale Opportunity and Just Getting Started

Orla is advancing South Railroad toward production with an optimized feasibility study to be released early in the first quarter 2026 and final construction permits expected in the second quarter 2026.

Full construction is anticipated to begin mid-2026. The 2025 exploration results provide additional upside that may be incorporated into future resource updates and mine planning.

The South Carlin Complex hosts reserves and resources of 1.604 Moz and 1.753 Moz respectively with a projected eight year mine life based on the 2022 Feasibility Study.

Since acquisition, Orla has completed 57,800 metres of drilling in 266 holes, systematically building geological understanding and confirming district-scale potential.

.

.

To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, 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 November 2025 Published

Market Review November 2025 Published

The City Investors Circle 135th Monthly Review has been published for November 2025.

The highlighted company is Endeavour Silver. Other companies mentioned include Orla Mining and Equinox Gold.

 

 

.

 

 

,

City Investors Circle Market Review November 2025 Published

The City Investors Circle 135th Monthly Review has been published for November 2025.

The highlighted company is Endeavour Silver.

Other companies mentioned include Orla Mining and Equinox Gold.

The main topic is the nominal all-time high price of silver, and the root causes.

After a brief wobble of the gold and silver prices they have bounced back and producing miners remain around recent highs.

——-

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

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

.

——-

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

  Silver Price Hits An All-Time High

  West Red Lake Gold Mines Drills at Fork

  Kaiser Reef to Commence Union Hill Waste Dump Drilling

  Barton Gold Tunkillia Upgrade Drilling Completed

  Heliostar Drills 83.2m Grading 17.35 g/t Gold from 76m

  Horizon Minerals Gold Mining Update

  Mining Review 23rd November 2025

  Mining Conference Week 1 Reviewed

  Swiss Mining Conference

  121 Mining Conference London

  Colonial Coal Continues Talks With Interested Parties

  Pacgold White Lion Drilling Intersects Gold Mineralisation

  Orla Mining Generates $93 Million FCF in Q3

  Omai Gold Drills 20.33 g/t Au over 5.3m and 2.72 g/t Au

  Mining Review 16th November 2025

  G Mining Ventures Reports Strong Q3 2025 Results

  Catalyst Settles Legal Case For The Tandarra Gold Project

  Lefroy to Commence Lucky Strike Gold Production

  Capricorn Grows Mt Gibson Underground Resource

  Meeka Metals Reports 8m @ 14.8g/t Au at Turnberry South

  Pacgold launches restart of White Dam Gold Mine

  Mining Review 8th November 2025

  West Red Lake Gold Confirms High-Grade Gold in Lower Austin

  Equinox Gold Delivers Record Q3 Production and Revenue

  Wesdome Intersects New Zone at Kiena’s Dubuisson Deposit

  Horizon Minerals Notice Of Share Consolidation

  Omai Gold Drills 20.33 g/t Au over 5.3m at Wenot

  Western Gold Grade Control Supports Mine Decision

  New Murchison Gold Complete Strong Production Ramp Up

  Mining Review 2nd November 2025

  Market Review September 2025

 

.

——-

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



Orla Mining Generates $93 Million FCF in Q3

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced the results for the third quarter September 30, 2025. 

Orla generated $93 million in free cash flow.

 

 

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Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$5.78 billion   @ C$17.01
Location Mexico + Nevada + Canada 
Website www.orlamining.com

.

Orla Mining generates record $93 million in free cash flow for quarter

 

 

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

 

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

Third Quarter 2025 Summary

  • Third quarter gold production of 79,645 ounces and total quarterly gold sold of 78,857 ounces, generating $275.0 million in revenue. 
  • Third quarter all-in sustaining cost¹ (“AISC”) was $1,641 per ounce of gold sold. Year to date AISC of $1,420 per ounce of gold sold.
  • Net income for the third quarter was $49.3 million or $0.15 per share
  • Adjusted earnings1 for the third quarter were $73.0 million or $0.22 per share.
  • Cash flow from operating activities before changes in non-cash working capital during the third quarter was $113.1 million.
  • Exploration and project expenditure1 was $38.8 million during the quarter, of which $12.8 million was expensed and $26.0 million was capitalized.
  • Musselwhite initial exploration results confirm a potential two-kilometre extension of the mine’s main gold trend indicating substantial potential to extend mine life and increase production.
  • The Company experienced a pit wall event at Camino Rojo on July 23rd resulting in an operational pause and mine resequencing. The stabilization plan is currently on track and Orla reaffirms its revised production and cost guidance of 265,000 to 285,000 ounces of gold production and AISC of $1,350 to $1,550 per ounces of gold sold.
  • The Company ended the quarter with $326.9 million in cash and $420.0 million in debt, resulting in $93.1 million in net debt1 and $356.9 million in liquidity1. 

 

 

 

.

– Jason Simpson, President and Chief Executive Officer of Orla 

“Orla delivered strong results in the third quarter, achieving a record $93 million in free cash flow1 and strengthening our balance sheet.

 

“This performance positions the Company to self-fund the next stage of growth at South Railroad, consider return of capital initiatives, and underscores the quality of our assets and execution. 

 

“While the quarter also brought its challenges, I’m proud of our team’s resilience and focus in navigating them. As we move toward year-end, we remain committed to finishing strong, targeting the upper end of our production guidance, and advancing our key growth projects — further reinforcing Orla’s standing as the emerging producer of choice.” 

.

To read the full news release, please click HERE

.=======

 

To view Orla Mining’s share latest price and chart, 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 October 2025

    Market Review October 2025

    The highlighted company is Heliostar Metals (TSX.V: HSTR).

    After a volatile month for the price of gold, our Tier 1 watchlist companies rose an average of 3% with seven risers and one even out of ten companies. Galiano Gold was the highest riser, and we feature the significant news from companies on our watchlists.

     

     

    .

     

     

     

    Galiano Gold

    Abore Gold Mine – Credits Galiano Gold

     

     

     

    .

    City Investors Circle Market Review October 2025

     

    City Investors Circle has published the Market Review for October 2025

     

    The highlighted company is Heliostar Metals (TSX.V: HSTR).

     

    After a volatile month for the price of gold, our Tier 1 watchlist companies rose an average of 3% with seven risers and one even out of ten companies. Galiano Gold was the highest riser, and we feature the significant news from companies on our watchlists.

    Both Orla Mining and G Mining Ventures reported strong production and revenue during their Q3 reporting period.

    Additions to the watchlist Tier 2 are Erdene Resource Development, Silver Storm Mining, and Western Gold Resources.

    Aris Mining was moved into the Tier 1 watchlist after performing well and growing production in Colombia.

    i-80 Gold was deleted from the watchlists after not performing as I had hoped. Minera Alamos is under review for deletion for the same reason.

     

    ——-

     

    Almost all metal prices increased during October, despite the volatility. Gold and silver rose 6%, 8% in UK pounds sterling terms, after the pound fell v the US dollar. This is a good reason for having investments quoted in other currencies, given the current lack of faith in the Labour government.

    Copper reached an all-time high price of $5.15, and tungsten remains the metal that has increased in price the most in 2025 so far, up 95% year to date.

     

    ——-

    We feature top slicing or trimming from companies that have performed well but growth has slowed as they mature and investing in newer exciting companies that look to enter an exciting growth phase.

     

    ——-

     

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

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

    .

    ——-

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

      Meeka Metals Reports Strong Grades in First Underground Ore

      Catalyst Metals Intersected 7.4 GPT of Gold at Cinnamon

      Barton Gold Tunkilia Drilling Ahead Of Schedule

      Kaiser Reef Announces High-Grade Gold at Union Hill

      Barton Gold Starts Geotechnical Drilling at Central Gawler Mill

      Mining Review 26th October 2025

      Wesdome Announces Q3 2025 Results and Record Quarterly Production

      Kaiser Reef Increase Henty Reserves by 29%

      G Mining Ventures Approves Oko West Construction

      Ora Banda Mining Reports Record Revenue and Production

      Horizon Minerals Boosted by Spectacular Gold Grades

      Catalyst Advances Four Eagles With Exploration Tunnel Approval

      Mining Review 19th October 2025

      Capricorn Increases Warriedar Acquisition Consideration

      Meeka Reports Thick, High-Grade Gold in First Drill at Turnberry North

      Orla Mining Reports Strong Q3 Gold Production from Musselwhite

      G  Mining Ventures Reports Record Q3 2025 Production

      Kaiser Reef Production Update Quarter ending September 2025

      Minerals 260 Reports Thick, Shallow high-grade Gold Intercepts

      Mining Review 12th October 2025

      Pacgold Raises Funds to Acquire The White Dam Gold Mine

      Barton Gold Trading Halt

      G Mining Ventures Secures Financing to Construct Oko West

      Capricorn Metals Confirm 4 m Ounces of Gold Reserves

      Orla Mining Discovers Potential 2 KM Extension at Musselwhite 

      Pacgold Announce Transformational Acquisition

      Erdene Resource Development Zuun MRE Update

      Mining Review 5th October 2025

      Cornish Metals Updates The PEA Of The South Crofty Tin Mine

      Pacgold Halted Pending Announcement of a Project Acquisition

      G Mining Ventures Receives Approval of SUDAM Tax Incentive

      New Murchison Gold Announce a Strong Start at Crown Prince

      Market Review September 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 26th October 2025

    Mining Review 26th October 2025

    Ora Banda Mining and Wesdome Gold recorded solid production and record revenue for a quarter.

    Kaiser Reef increased Henty reserves by 29%

     

     

    .

    Kaiser Reef

    Henty Gold mine, Tasmania – Credits Kaiser Reef

     

     

     

    City Investors Circle Mining Review 26th October 2025

    Ora Banda Mining and Wesdome Gold recorded solid production and record revenue for a quarter.

    Kaiser Reef increased Henty gold reserves by 29%

    It was a nervy week for those of us invested in precious metal stocks as the price of gold fell and then rebounded, causing large drops and swings in many stock prices, even solid producing miners.

    I’m not convinced the volatility has gone, and some market participants have reduced or sold their holdings predicting a top, but I’m not good at trading so I’m holding my positions and intend to ride out the volatility and emerge stronger once it’s over.

     

    ——-

    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. 

      Wesdome Announced Q3 2025 Results and Record Quarterly Production

      Kaiser Reef Increased Henty Reserves by 29%

      G Mining Ventures Approved The  Oko West Mine Construction

      Ora Banda Mining Reported Record Revenue and Production

      Horizon Minerals Boosted by Spectacular Gold Grades

      Catalyst Metals  Advanced Four Eagles With Exploration Tunnel Approval

      Mining Review 19th October 2025

     

    ——-

    Market Data

    Weekly Price Changes

    (US$ unless stated)

     

    Metal Prices 261025 Weekly % change
    Gold price in UK £ 3091 4.83%
    Gold in AUD$ 6348 3.85%
    Gold 4115 5.22%
    Silver 48.76 4.50%
    Palladium 1410 7.97%
    Platinum 1600 2.69%
    Rhodium 8050 14.46%
    Copper 5.15 -1.27%
    Nickel 6.92 -1.33%
    Zinc 1.37 0.71%
    Tin 16.04 -3.77%
    Cobalt 15.77 0.06%
    Lithium 10684 2.97%
    Uranium 76.5 1.82%
    Iron Ore 105.2 -0.95%
    Coking Coal 192.3 1.04%
    Thermal coal 108 0.93%

     

    .

    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



    Mining Review 19th October 2025

    Mining Review 19th October 2025

    G Mining Ventures and Orla Mining both declared record production and revenue.

    Gold lost 3% on Friday causing producing miners to correct sharply.

     

     

    .

    Orla Mining

    Credits – Orla Mining

     

     

     

    .

    City Investors Circle Mining Review 19th October 2025

     

     

     

    Mining Review 19th October 2025 

    G Mining Ventures and Orla Mining both declared record production and revenue.

    Meeka Metals and Minerals 360 both reported thick,  high-grade gold intercepts in their latest drill programs in Western Australia.

    ——-

    Gold lost 3% on Friday causing some producing miners to correct sharply, despite still finishing the week 6% up. Silver rose nearly 5% during the week, whilst most industrial metals trod water or fell backwards slightly.

    Tungsten remains the metal that has risen the most in percentage terms in 2025.

    Archives

    ——-

    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 Increased the Warriedar Acquisition Consideration

    Meeka Metals Reported Thick, High-Grade Gold in First Drill at Turnberry North

    Orla Mining Reported Strong Q3 Gold Production from Musselwhite

    G  Mining Ventures Reported Record Q3 2025 Production

    Kaiser Reef Production Update Quarter ending September 2025

    Minerals 260 Reported Thick, Shallow high-grade Gold Intercepts

    Mining Review 12th October 2025

     

    .

    ——-

    Market Data

    Weekly Price Changes

    (US$ unless stated)

     

    Metal Prices 191025 Weekly % change
    Gold price in UK £ 3167 5.08%
    Gold in AUD$ 6311 4.00%
    Gold US$ 4254 5.51%
    Silver 52.24 4.71%
    Palladium 1505 8.66%
    Platinum 1636 2.76%
    Rhodium 8300 16.90%
    Copper 4.74 -1.25%
    Nickel 6.77 -1.31%
    Zinc 1.41 0.71%
    Tin 15.92 -3.63%
    Cobalt 15.77 0.06%
    Lithium 10313 3.06%
    Uranium 79.14 1.85%
    Iron Ore 105 -0.94%
    Coking Coal 192 1.05%
    Thermal coal 108 0.93%
    Metal ETFs Price Weekly % change
    GLD 391 5.68%
    GDX 79 3.95%
    GDXJ 105 6.06%
    Sil 75 5.63%
    SILJ 25.24 8.00%
    GOEX  (PCX) 73 5.80%
    URA 54 3.85%
    COPX  63 5.00%
    HUI  637 3.92%
    Gold / Silver ratio 81.43 0.76%

     

     

    .

    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 Strong Q3 Gold Production from Musselwhite

    Orla Mining Ltd. (TSX: OLA; NYSE: ORLA)

    Provided an operational update for the third quarter ended September 30, 2025.

    Orla is on track to achieve revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold.

     

     

    .

    Orla Mining

    Credits – Orla Mining

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$6.23 billion   @ C$19.12
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

    .

    Orla Mining Reports Strong Gold Production from Musselwhite in Third Quarter

    Company on track to achieve revised production guidance

     

    ,

    Vancouver, BC – October 14, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the third quarter ended September 30, 2025. Orla is on track to achieve revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold.

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

    .

    .

    Jason Simpson, President and Chief Executive Officer, Orla Mining

    “With pit stabilization at Camino Rojo progressing well and integration at Musselwhite advancing smoothly, both operations are performing well.

     

    “We are now on track to achieve the high end of our revised production guidance.”

     

     

     

    Musselwhite Operations

    During the quarter, Musselwhite mined 325,923 tonnes of ore and processed 329,634 tonnes at a mill head grade of 5.87 g/t gold. Gold recovery was 95.3% resulting in gold production of 57,586 ounces.

     

    Liquidity Position

    At September 30, 2025, Orla’s cash and debt positions were $326.9 million and $420.0 million, respectively resulting in a net debt position of $93.1 million².

    .

    To read the full news release, please click HERE

    .=======

     

    To view Orla Mining’s share latest price and chart, 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 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.

    .