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Orla Mining Provides Q2 2024 Operational Results
Camino Rojo Delivers Another Strong Quarter of Gold Production
VANCOUVER, BC, July 10, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an interim operational update for the second quarter ended June 30, 2024.
(All amounts expressed in millions of US dollars, as at June 30, 2024 and are unaudited unless otherwise stated)
Second Quarter 2024 Camino Rojo Oxide Mine Operational Update
The Camino Rojo Oxide Mine produced 33,206 ounces and sold 34,875 ounces of gold during the second quarter 2024.
Camino Rojo Mining and Processing Totals
Q2 2024
YTD Q2 2024
Ore Mined
tonnes
1,904,649
3,848,513
Waste Mined
tonnes
2,051,940
2,924,511
Total Mined
tonnes
3,956,589
6,773,024
Strip Ratio
w:o
1.08
0.76
Ore Stacked
tonnes
1,934,678
3,717,983
Daily Stacked Throughput Rate – Average
tpd
19,717
19,657
Stacked Ore Gold Grade
g/t
0.87
0.84
Gold Produced
oz
33,206
66,429
Gold Sold
oz
34,875
66,921
At June 30, 2024, Orla had cash of $154.3 million and total debt of $78.4 million, resulting in a net cash position of $75.9 million1. The Company has an undrawn amount of $71.6 million available on its revolving credit facility, which supports total liquidity of $225.9 million at quarter end1. The liquidity position at