Record Quarter of Gold Production
Orla Mining recorded its first month of production from the newly acquired Musselwhite Mine, contributing to a record quarter of gold production.
Updated 2025 Production Guidance
The company updated its 2025 production guidance to 280,000 to 300,000 ounces of gold, at cash costs of $850 to $1,050 per ounce, and all-in sustaining costs of $1,300 to $1,500 per ounce.
Strong Operating Performance at Camino Rojo
Camino Rojo mined nearly 1.9 million tonnes of ore and produced nearly 30,000 ounces of gold in the quarter, on track to meet annual production guidance.
Exploration Investment
Total exploration spending planned for 2025 is approximately $55 million, demonstrating commitment to growth through discovery and resource addition.
Financial Performance
Cash flow from operating activities was $401 million, or $1.24 per share for the quarter.