Record Production at Camino Rojo
Camino Rojo achieved record production with nearly 43,000 ounces of gold in Q3 2024, contributing to increased production guidance of 130,000 to 140,000 ounces for the year.
Debt-Free Status Achieved
Orla Mining successfully paid off all its outstanding debt, achieving a debt-free status and positioning itself well for future investments.
Strong Financial Performance
Recorded $99 million in revenue with a realized gold price of $2,477 per ounce. Achieved a record free cash flow of $0.14 per share and robust operating margins of 65%.
Permitting Progress in Mexico and Nevada
Significant progress in permitting for the South Railroad project in Nevada and ongoing APAC permitting in Mexico, with positive engagement from state and federal governments.
Sustainability Initiatives
Launched an ag poultry farm in partnership with a local high school near Camino Rojo for community economic development and agricultural education.