Mr. Jason Simpson reports
ORLA MINING ACHIEVES RECORD QUARTERLY PRODUCTION WITH CONTRIBUTIONS FROM CAMINO ROJO AND MUSSELWHITE
Orla Mining Ltd. has provided an operational update for the first quarter ended March 31, 2025. Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter. Updated 2025 guidance, including the Musselwhite mine, will be provided during the second quarter.
All amounts expressed in millions of United States dollars, as at March 31, 2025, and are unaudited.
Camino Rojo operations
During the quarter, Camino Rojo mined nearly 1.9 million tonnes of ore and 2.8 million tonnes of waste, for an implied strip ratio of 1.48. The operations achieved a daily stacking rate of 18,400 tonnes per day at an average gold grade of 0.78 gram per tonne, in line with the mine plan.
Musselwhite operations
Orla completed the acquisition of Musselwhite on Feb. 28, 2025, and operational figures are provided from March 1, 2025, onward. During the month of March, Musselwhite mined 108,000 tonnes of ore and milled 104,000 tonnes at a mill head grade of 5.55 g/t gold. A gold recovery rate of 95.7 per cent resulted in gold production of nearly 18,000 gold ounces.
First quarter 2025 conference call
Orla expects to release its first quarter 2025 operating and financial results on Friday, May 9, 2025, and will host a conference call on Monday, May 12, 2025, at 10 a.m. ET to provide a corporate update.
Dial-in numbers/webcast
United States toll-free: 1-800-715-9871
United States/international toll: 1-646-307-1963
Toronto: 1-647-932-3411
Canada toll-free: 1-800-715-9871
Conference ID: 4940392
Webcast: visit the company's website
Qualified person statement
The scientific and technical information in this news release was reviewed and approved by J. Andrew Cormier, PEng, chief operating officer of the company, who is the qualified person as defined under National Instrument 43-101 standards.
About Orla Mining Ltd.
Orla's corporate strategy is to acquire, develop and operate mineral properties where the company's expertise can substantially increase stakeholder value. The company has three material projects, consisting of two operating mines and one development project, all 100 per cent owned by the company: (i) Camino Rojo, in Zacatecas state, Mexico, an operating gold and silver open-pit and heap-leach mine that covers over 139,000 hectares and contains a large oxide and sulphide mineral resource; (ii) Musselwhite, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced close to six million ounces of gold, with a long history of resource growth and conversion; and (iii) South Railroad, in Nevada, United States, a feasibility-stage, open-pit, heap-leach gold project located on the Carlin trend in Nevada. The technical reports for the company's material projects are available on Orla's website, as well as on SEDAR+ and EDGAR.
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