Record Free Cash Flow and Gold Production
Orla Mining reported record free cash flow supported by record gold production and price, with a total quarterly production of nearly 80,000 ounces of gold.
Musselwhite Mine Performance
The Musselwhite mine showed strong performance with 326,000 tonnes of ore mined and 329,000 tonnes milled at a mill head grade of 5.87 grams per tonne gold, resulting in nearly 58,000 ounces of gold produced.
South Railroad Project Milestones
The South Railroad project hit an important milestone with the Bureau of Land Management publishing the notice of intent, advancing the permitting process, and transitioning to a FAST-41 Covered Project to support efficient review and reduce uncertainty.
Strong Financial Position
Orla Mining reported $270 million in revenue for the quarter and a cash balance of $327 million, with total liquidity of $357 million, allowing for continued growth and debt reduction.
Sustainability and Community Engagement Initiatives
Orla launched a $6.6 million fund for education and cultural revitalization for Indigenous communities and advanced environmental and social programs across its sites, including the Pro-ABC project in Mexico.