The Prospector News

Orla Mining Provides Second Quarter 2022 Operational Results

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Orla Mining Provides Second Quarter 2022 Operational Results

 

 

 

 

 

Record Quarterly Gold Production of 25,672 Ounces in Q2

 

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) is pleased to provide an interim operational update for the second quarter ended June 30, 2022.

 

CAMINO ROJO OXIDE MINE OPERATIONAL UPDATE

  • Camino Rojo Oxide Mine gold production totalled 25,672 ounces for the second quarter 2022, and 48,704 ounces year to date. Gold production guidance for the full year 2022 is maintained at 90,000 to 100,000 ounces.
  • Camino Rojo’s processing throughput for the second quarter averaged 18,245 tonnes per day, exceeding nameplate capacity of 18,000 tonnes per day.
  • Commercial production at the Camino Rojo Oxide Mine was declared effective April 1, 2022.
  • Cash balance of $66.7 million at June 30, 2022.
Mining and Processing Totals Q2 2022 YTD 2022
Ore Mined tonnes 2,038,831 3,904,982
Ore – processed tonnes 1,657,327 3,062,279
Low Grade Ore – stockpiled tonnes 381,504 842,703
Waste Mined tonnes 1,306,346 2,014,066
Total Mined tonnes 3,345,177 5,919,047
Strip Ratio w:o 0.64 0.52
Total Ore Mined Gold Grade g/t 0.71 0.70
Ore – processed g/t 0.80 0.80
Low Grade Ore – stockpiled g/t 0.33 0.35
Ore Crushed tonnes 1,650,680 3,019,790
Ore Stacked tonnes 1,660,269 3,313,268
Stacked Ore Gold Grade g/t 0.80 0.81
Gold Poured oz 25,672 48,704
Daily Stacked Throughput Rate – Average* tpd 18,245 17,087
Daily Stacked Throughput / Nameplate Capacity % 101.4 % 94.9 %
Total Crushed Ore Stockpile** tonnes 223,039
Total Crushed Ore Stockpile Au Grade g/t 0.86
Total ROM Ore Stockpile** tonnes 1,238,454
Total ROM Ore Stockpile Grade g/t 0.36

*Average stacking rate calculation excludes truck-stacked overliner material (0 tonnes for Q2 2022 and 220,432 tonnes for YTD 2022).
**Crushed ore stockpile includes crushed ore in the crushed ore stockpile, and stockpiled overliner fines. ROM stockpile includes low-grade stockpiles and ROM ore stockpile.

 

UPCOMING MILESTONES

  • Second quarter 2022 financial results.
  • Closing of Gold Standard Ventures acquisition.
  • Advancement of exploration drill programs in Mexico and Panama.
  • Preliminary Economic Assessment for Camino Rojo Sulphides Project.

 

Qualified Persons Statement

 

The scientific and technical information related to Camino Rojo in this news release was reviewed and approved by Mr. J. Andrew Cormier, P. Eng., Chief Operating Officer of the Company, who is the Qualified Person as defined under NI 43-101 standards.

 

About Orla Mining Ltd.

 

Orla is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine, located in Zacatecas State, Central Mexico. The property is 100% owned by Orla and covers over 160,000 hectares. The technical report for the 2021 Feasibility Study on the Camino Rojo oxide gold project entitled “Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico” dated January 11, 2021, is available on SEDAR and EDGAR under the Company’s profile at www.sedar.com and www.sec.gov, respectively. The technical report is also available on Orla’s website at www.orlamining.com. Orla also owns 100% of Cerro Quema located in Panama which includes a near-term gold production scenario and various exploration targets. Cerro Quema is a proposed open pit mine and gold heap leach operation. The technical report for the Pre-Feasibility Study on the Cerro Quema oxide gold project entitled “Project Pre-Feasibility Updated NI 43-101 Technical Report on the Cerro Quema Project, Province of Los Santos, Panama” dated January 18, 2022, is available on SEDAR and EDGAR under the Company’s profile at www.sedar.com and www.sec.gov, respectively. The technical report is also available on Orla’s website at www.orlamining.com.

 

Posted July 11, 2022

Share this news article

MORE or "UNCATEGORIZED"


Orea Announces Closing of Oversubscribed Non-Brokered Private Placement

Orea Mining Corp. (TSX: OREA) (OTCQB: OREAF) (FSE: 3CG) is please... READ MORE

January 26, 2023

CANADA SILVER COBALT RELEASES SILVER ASSAY OF 29,165 g/t (850 oz/ton) FROM CONCENTRATE OF CASTLE MINE WASTE ROCK

Canada Silver Cobalt Works Inc. (TSX-V: CCW) (OTC: CCWOF) (Frankf... READ MORE

January 26, 2023

Guanajuato Silver Produces Record 836,375 AgEq Ounces in Q4

Sees 19% Q4 Production Increase Over Q3   Guanajuato Silver Comp... READ MORE

January 26, 2023

Argentina Lithium Drilling Extends Lithium Brine Zone at Rincon West

Argentina Lithium & Energy Corp. (TSX-V: LIT) (FSE: OAY3) (O... READ MORE

January 26, 2023

NEVADA KING ANNOUNCES SIGNIFICANT SILVER INTERCEPTS FROM ITS 2021 ATLANTA DRILL PROGRAM

Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) is pleased t... READ MORE

January 26, 2023

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2023 The Prospector News