Orla Mining Reports First Quarter 2026 Gold Production

Executive Summary
- Orla Mining reported Q1 2026 gold production and confirmed it remains on track to meet full-year consolidated gold production guidance of 340,000–360,000 ounces.
- Total gold produced for the quarter was 81,206 oz, with total gold sold at 81,540 oz.
- The company successfully secured the environmental permit (MIA) from SEMARNAT for the Camino Rojo Mine, granting all necessary permits to mine the remainder of the oxide open-pit and layback area.
Key Details
Consolidated Production & Sales * Total Gold Produced: 81,206 oz * Total Gold Sold: 81,540 oz
Musselwhite Operations (Canada) * Ore Milled: 332,822 tonnes * Mill Head Grade: 6.29 g/t gold * Gold Recovery: 95.91% * Gold Produced: 62,985 oz * Gold Sold: 64,104 oz * Lateral Development: 3,437 metres completed (including 367m for the 1080 exploration drift) * Drilling Completed: 2,300m reserve, 9,200m resource, 5,300m deep directional, and 2,700m brownfields.
Camino Rojo Operations (Mexico) * Ore Mined: >2,024,832 tonnes * Waste Mined: ~2,326,082 tonnes * Implied Strip Ratio: 1.15 * Ore Stacked: 1,828,000 tonnes * Average Stacked Ore Grade: 0.59 g/t gold * Average Daily Stacking Rate: ~20.3 thousand tonnes * Gold Produced: 18,221 oz * Gold Sold: 17,436 oz
Liquidity Position (as of March 31, 2026) * Cash Position: $427.3 million * Debt: $331.3 million * Net Cash: $96.0 million
Notable Quotes
- Jason Simpson, President and CEO: "2026 was always going to be a catalyst-rich year... We delivered the updated feasibility study at South Railroad, completed the PEA for the Camino Rojo underground project, secured the final permits for the open-pit expansion, delivered exciting exploration results in Canada, and generated strong production start from both our sites."