Mining Review 28th January 2024
We initiated coverage of exploration junior Angus Gold this week.
Impact Minerals, Calidus Resources, i-80 Gold, and Orla Mining all announced significant exploration successes this week. Continue reading
Tag Archives: Orla Mining
Orla Mining Reports Positive Results of Layback and Oxide Extension Drilling
Orla Mining (TSX: OLA)
Provided an update on its near-pit exploration activities at Camino Rojo completed in the second half of 2023.
In 2023, Orla completed 6,500 metres of drilling near the Camino Rojo Oxide Mine in Mexico to define additional oxide mineralization near the open pit. Continue reading
Mining Review 21st January 2024
Mining Review 21st January 2024
A solid set of news releases from our watchlist in what was a busy week for news. Maybe the forthcoming conferences in Vancouver next week caused the rush of exploration results?
Calibre Mining confirmed the acquisition of Marathon Gold, establishing a potential mid-tier mining company producing 250,000 ounces of gold within a year and a half or so. Continue reading
Orla Mining Beats Increased 2023 Production Guidance
Orla Mining (TSX: OLA)
Provided an interim operational update for Q4 ended December 31, 2023.
This news release also includes the Company’s 2024 annual guidance which contains the outlook for production, operating and capital costs, and exploration spending across the Company’s portfolio. Continue reading
Mining Review 24th December 2023
Mining Review 24th December 2023
Two major announcements by companies on our watchlist list up a normally quiet final week before Christmas.
Galiano Gold acquired the other 45% of the Asanko mine in Ghana from their JV partner, and Calidus Resources announced a stunning deal to acquire the Nullagine mine and immediately lease out 80% of the camp for 10 years bringing in much needed cash to the company. Continue reading
Orla Mining Update on Panama and Cerro Quema
Orla Mining (TSX: OLA)
Notes that the Panamanian Ministry of Commerce and Industryhas rejected the requests for extension for the three mining concessions comprising the Company’s Cerro Quema Project, declared the concessions cancelled, and declared the area comprising the concessions to be a reserve area. Continue reading
Mining Review 22nd October 2023
Mining Review 22nd October 2023
The price of gold has reached a record high in Australian dollar terms, at A$3,091.
Orla Mining announced a production guidance increase, and Calidus Resources requested a trading halt due a potential announcement re their Pirra Lithium subsidiary. Continue reading
Orla Mining Increases 2023 Production Guidance
Orla Mining (TSX: OLA)
Provided an interim operational update for the third quarter ended September 30, 2023.
During Q3 the Camino Rojo Oxide Mine produced and sold 32,425 and 31,060 ounces of gold, respectively. Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 110,000 to 120,000 Oz Gold. Continue reading
Mining Review 17th September 2023
Mining Review 17th September 2023
We initiated coverage of West Red Lake Gold Mines, new owners of the Madsen Mine, formerly owned by Pure Gold Mining, which went into administration, and subsequently delisted from the TSX.V and AIM markets.
Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week. Continue reading
Orla Mining Amends Credit Facility
Orla Mining (TSX: OLA)
Announced that the Company has amended its existing US$150 million credit facility with its existing syndicate of lenders comprised of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. Continue reading
Market Review August 2023 Published
Market Review August 2023
The August 2023 Market Review has been published. It features comments on Karora Resources, Neometals, and Orla Mining, plus news snippets from other companies.
The review also provides market data for commodity prices. Continue reading
Orla Mining Reports Q2 2023 Results
Mining Review 16th July 2023
Mining Review 16th July 2023
Gold had a better week after poor US employment numbers, base metals were largely positive despite Chinese economic concerns.
Calidus Resources, Cartier Resources, and i-80 Gold all reported good drill results. Continue reading
Orla Mining Q2 2023 Operational Results
Orla Mining (TSX: OLA)
Provided an interim operational update for the second quarter ended June 30, 2023.
During the second quarter of 2023, the Camino Rojo Oxide Mine produced and sold 29,058 and 29,773 ounces of gold, respectively. the Company remains on track to meet 2023 annual gold production guidance of 100,000 to 110,000 ounces. Continue reading
Mining Review 25th June 2023
Mining Review 25th June
Gold Road Resources was the main talking point this week, losing 15% after issuing reduced guidance, and as a result, inreased AISC.
Gold fell back $30 over the week, after the suprise 0.5% hike in UK base rates. Continue reading
Orla Mining Successful Drilling Program
Orla Mining (TSX: OLA)
Updated on its exploration activities at Camino Rojo in the first half of 2023.
Infill drilling to reduce drill spacing to 25-30 metres in the Sulphides domain has continued to return high-grade gold intercepts. Continue reading
Mining Review 11th June
Mining Review 11th June 2023
Wesdome Gold Mines confirmed they have suspended activities at their Kiena mine due to the wildfires raging in Canada. Calidus Resources, Maple Gold, Orla Mining and O3 Mining all reported news.
Gold held steady despite more FED rate rise speculation. Continue reading
Orla’s Cerro Quema Project Targeted by Activists
Orla Mining (TSX: OLA)
The website Mining.com has reported that an activist goup in Panama are to protest against the approval by the Panamanian Ministry of the Environement for the Environmetal Impact Assessment for the Cerro Quema copper gold project in that country. Continue reading
Market Review May 2023 Published
City Investors Circle
The Market Review for May 2023 has been published.
It features a metal price update and names the metl up 74% in May alone, yet is stiull showing a large loss for the year to date.
We feature comments on Oral MIning, Karora Resources, and Silver Tiger Metals. Continue reading
Orla Mining Reports Strong Q1 Results
Orla Mining (TSX: OLA)
Announced the results for the first quarter ended March 31, 2023 as well as the partial exercise by Agnico Eagle Mines of its top-up right.
During the first quarter, gold production was 25,910 ounces and gold sold was 26,859 ounces. Continue reading