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Orla Mining Provides Second Quarter 2023 Operational Results

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Orla Mining Provides Second Quarter 2023 Operational Results

 

 

 

 

 

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) is pleased to provide an interim operational update for the second quarter ended June 30, 2023.

 

During the second quarter of 2023, the Camino Rojo Oxide Mine produced and sold 29,058 and 29,773 ounces of gold, respectively. Camino Rojo continues to perform according to plan, and the Company remains on track to meet 2023 annual gold production guidance of 100,000 to 110,000 ounces. As at June 30, 2023, Orla had a cash position of $114.5 million.

 

Camino Rojo Mining and Processing Totals Q2 2023 YTD 2023
Ore Mined tonnes 1,787,125 3,735,668
Ore – processed tonnes 1,729,374 3,375,968
Low Grade Ore – stockpiled tonnes 57,752 359,700
Waste Mined tonnes 1,087,755 2,271,536
Total Mined tonnes 2,874,880 6,007,204
Strip Ratio w:o 0.61 0.61
Total Ore Mined Gold Grade g/t 0.76 0.74
Ore – processed g/t 0.77 0.79
Low Grade Ore – stockpiled g/t 0.30 0.29
Ore Crushed tonnes 1,878,439 3,648,794
Ore Stacked tonnes 1,789,862 3,491,050
Stacked Ore Gold Grade g/t 0.77 0.79
Gold Produced oz 29,058 54,968
Gold Sold oz 29,773 56,632
Daily Stacked Throughput Rate – Average tpd 19,669 19,288
Daily Stacked Throughput / Nameplate Capacity % 109.3 % 107.2 %
Total Crushed Ore Stockpile tonnes 61,400
Total Crushed Ore Stockpile Au Grade g/t 0.87
Total ROM Ore Stockpile* tonnes 2,470,555
Total ROM Ore Stockpile Grade g/t 0.33
*ROM ore stockpile includes mined ore but yet crushed, and low-grade stockpiles.

 

 

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’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 gold projects: (1) Camino Rojo, located in Zacatecas State, Mexico, (2) South Railroad, located in Nevada, United States, and (3) Cerro Quema, located in Los Santos Province, Panama. Orla is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine. The property is 100% owned by Orla and covers over 160,000 hectares which contains a large oxide and sulphide mineral resource. Orla also owns 100% of Cerro Quema located in Panama which includes a pre-feasibility-stage, open-pit, heap leach gold project, a copper-gold sulphide resource, and various exploration targets. Orla also owns 100% of the South Railroad Project, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada.

 

Posted July 12, 2023

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