Orla on track to meet guidance as Musselwhite acquisition boosts Q1 output
Vancouver-based Orla Mining produced nearly 48 000 oz of gold in the first quarter of 2025, bolstered by its recent acquisition of the Musselwhite mine in Canada, and said it remains on track to meet its yearly guidance of between 110 000 oz and 120 000 oz from its flagship Camino Rojo operation in Mexico.
The company, which completed the Musselwhite acquisition from Newmont on February 28, reported total first-quarter gold production of 47 759 oz, including 29 973 oz from Camino Rojo and 17 786 oz from Musselwhite. Operational figures for the latter are from March 1 onwards.
Gold sales for the period totalled 46 356 oz, comprising 30 512 oz from Camino Rojo and 15 845 oz from Musselwhite.
Camino Rojo stacked 1.67-million tonnes of ore at an average grade of 0.78 g/t, with a daily stacking rate of 18 400 t, consistent with its mine plan. The operation mined nearly 1.9-million tonnes of ore and 2.8-million tonnes of waste, yielding a strip ratio of 1.48.
Musselwhite, located in Ontario, milled 104 287 t of ore during March at a head grade of 5.55 g/t gold. Recovery rates of 95.7% resulted in production of 17 786 oz for the month.
Orla will provide updated 2025 guidance, including for Musselwhite, in the second quarter.
As of March 31, the company reported a cash balance of C$184.2-million and total debt of C$450-million, resulting in net debt of C$265.8-million.
Orla is scheduled to release its full first-quarter financial and operating results on May 9.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
