15:16:36 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Orla Mining Ltd
Symbol OLA
Shares Issued 325,139,709
Close 2025-07-23 C$ 16.02
Market Cap C$ 5,208,738,138
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Orla Mining suspends mining in Camino Rojo pit

2025-07-24 05:02 ET - News Release

Mr. Jason Simpson reports

ORLA MINING REPORTS PIT WALL EVENT AT CAMINO ROJO

An uncontrolled material movement event occurred today on the pit wall at Orla Mining Ltd.'s Camino Rojo oxide mine in Zacatecas, Mexico.

The event occurred along the temporary north wall of the open pit, which included ore material expected to be mined as part of the ultimate open pit. There were no injuries or equipment damage as a result of the material movement, which was detected early by the pit monitoring systems. The event was caused by significant rain. There was no environmental damage resulting from the incident; however, rainwater diversion channels will need to be re-established to prevent further material subsidence in the pit.

While the main access throughout the pit was not affected, mining in the pit has been temporarily suspended. Pit access has been restricted to the necessary technical and operating personnel to support the appropriate geotechnical assessments required for safe remediation and resumption of mining activities. Crushing and stacking of stockpiled material onto the heap leach will continue in the interim. The company is currently assessing any potential impact of the pit wall event on its full-year production guidance for Camino Rojo.

The relevant authorities are being notified as appropriate, and Orla is implementing appropriate remediation measures. The safety of all personnel remains the company's top priority as it undertakes a comprehensive analysis to ensure the continuing stability of mining operations.

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: (1) Camino Rojo, in Zacatecas state, Mexico, an operating gold and silver open-pit and heap leach mine; the property covers over 139,000 hectares which contains a large oxide and sulphide mineral resource; (2) Musselwhite mine, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced over six million ounces of gold, with a long history of resource growth and conversion; and (3) 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 and on SEDAR+ and EDGAR under the company's profile.

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