Orla Mining (TSE:OLA) has released an update.
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Orla Mining is set to significantly boost its gold production by acquiring the Musselwhite Gold Mine from Newmont Corporation for $810 million, positioning itself as a leading North American gold producer. This strategic acquisition will more than double Orla’s annual gold output, with further growth expected, and is expected to enhance the company’s cash flow significantly. The deal is funded through a mix of debt facilities, ensuring no upfront equity dilution for shareholders.
For further insights into TSE:OLA stock, check out TipRanks’ Stock Analysis page.
