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Orla Mining ( (TSE:OLA) ) has issued an update.
Orla Mining Ltd. announced that its shareholders have overwhelmingly approved the acquisition of the Musselwhite Mine from Newmont Corporation and a concurrent private placement of convertible notes and share purchase warrants. This strategic acquisition, expected to finalize in the first quarter of 2025, aligns with Orla’s growth strategy and could significantly bolster its position in the mining industry.
More about Orla Mining
Orla Mining Ltd. is a company focused on acquiring, developing, and operating mineral properties to enhance stakeholder value. It has two significant gold projects: the Camino Rojo in Zacatecas State, Mexico, which is an open-pit gold and silver mine, and the South Railroad project in Nevada, USA, which is in the feasibility stage. Orla is expanding its portfolio by acquiring the Musselwhite Mine in Ontario, Canada.
YTD Price Performance: -1.29%
Average Trading Volume: 405,711
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.7B
For an in-depth examination of OLA stock, go to TipRanks’ Stock Analysis page.
