VANCOUVER, BC, Jan. 21, 2025 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce the results of the special meeting of the shareholders of the Company (the "Shareholders") held earlier today (the "Meeting").

At the Meeting, Shareholders approved (i) the Company's proposed acquisition of the Musselwhite Mine (the "Transaction") from Newmont Corporation ("Newmont") and (ii) the concurrent private placement (the "Financing") of convertible notes and common share purchase warrants to Pierre Lassonde and Fairfax Financial Holdings Limited ("Fairfax"), both of whom are "insiders" of the Company as defined under the TSX Company Manual.

VANCOUVER, BC, Jan. 16, 2025 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.

The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces. As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces. As a result of this increased production the Company anticipates full year 2024 all-in sustaining cost1 (AISC) to be at the low end of the improved guidance range of $800 to $900 per ounce of gold sold. Complete financial and operating results for the fourth quarter and full year 2024 are expected to be provided on March 18, 2025.

VANCOUVER, BC, Jan. 9, 2025 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that the two leading independent proxy advisory firms have each recommended that Orla's shareholders vote FOR the resolution to approve the Company's proposed acquisition of the Musselwhite Mine (the "Transaction") from Newmont Corporation ("Newmont").

The proxy advisory firms also recommended voting FOR a resolution to approve a concurrent private placement of convertible notes and common share purchase warrants to Pierre Lassonde and Fairfax Financial Holdings Limited. The net proceeds from the private placement will be used to fund a portion of the purchase price of the Transaction (the "Concurrent Private Placement").

VANCOUVER, BC, Dec. 20, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that it has filed a management information circular and related materials (the "Meeting Materials") for its special meeting of shareholders of the Company ("Shareholders") to be held on January 21, 2025 (the "Meeting") in connection with the proposed acquisition of the Musselwhite Mine from Newmont Corporation ("Newmont") announced on November 18, 2024 (the "Transaction").

VANCOUVER, BC, Dec. 10, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an update on exploration at the Camino Rojo Extension, now referred to as "Zone 22".

Summary Details:

Expanded Resource Potential: Drilling has extended mineralization 800 metres beyond the current open-pit resource, with Zone 22 remaining open at depth and along strike.Drilling Progress: Over 32,000 metres drilled in 2024, with an additional 3,000 metres planned by year-end.High-Grade Intersections: Notable results include 31.5 g/t AuEq over 2.7m and 11.2 g/t AuEq over 4.5m, among others.Copper-Gold Discovery: A distinct Cu-Au-Ag mineralization event was identified, with copper grades up to 4.95%.Upcoming Resource Estimate: An initial underground resource estimate for the Camino Rojo Sulphides, incorporating historical and 2024 Caracol-hosted intersections as well as a portion of the newly defined Zone 22 mineralization, is expected in early 2025, supporting a Preliminary Economic Assessment.

VANCOUVER, BC, Dec. 9, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) ("Orla" or the "Company") is pleased to announce the appointment of Dr. Silvana Costa as the Company's new Chief Sustainability Officer, effective January 13, 2025. In this role, Dr. Costa will have executive level responsibility for Orla's Environmental, Social, and Governance (ESG) efforts, in addition to guiding the Company's internal and external stakeholder relationships.

More than Doubles Orla's Annual Gold Production to Over 300 koz with Near-Term Growth to 500 koz; Orla to Become a Premier, North America-Focused, Multi-Asset, Low Cost, Producing Gold Company.

VANCOUVER, BC, Nov. 18, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce it has entered into a definitive agreement (the "Agreement") to acquire the Musselwhite Gold Mine ("Musselwhite") in Ontario from Newmont Corporation ("Newmont") for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million (the "Transaction")1.

Company Striding Towards Record Year of Production and Cash Flow

VANCOUVER, BC, Nov. 12, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") today announces the results for the third quarter ended September 30, 2024.

(All amounts expressed in U.S. dollars unless otherwise stated)

Third Quarter 2024 HighlightsThird quarter gold production was 43,788 ounces and gold sold was 38,265 ounces. As a result of the continued outperformance at Camino Rojo, the Company increased its full year gold production guidance to 130,000 to 140,000 ounces. (pre-released).Third quarter all-in sustaining cost1 ("AISC") was $720 per ounce of gold sold, while year to date AISC was $798 per ounce of gold sold. Full year AISC is expected to reach the low end of the improved guidance range of $800 to $900 per ounce of gold sold.Net income for the third quarter was $21.1 million or $0.07 per share.Adjusted earnings1 for the third quarter were $19.2 million or $0.06 per share.Third quarter operating profit margin2 of 65%, and net profit margin3 of 21%.Cash flow from operating activities before changes in non-cash working capital during the third quarter was $52.0 million.In October, the Company repaid the entirety of the outstanding balance on its revolving credit facility totalling $58.4 million, establishing the Company as debt free with cash on hand of $133.4 million on October 31, 2024. The undrawn credit facility will remain in place and total pro forma liquidity totals $283.4 million at October 31, 2024.Exploration and project expenditure1 was $17.4 million during the quarter, of which $3.7 million was capitalized and $13.7 million was expensed.Recent exploration success across the portfolio includes identification of near-deposit expansion opportunities at South Railroad (released), and ongoing drilling that is intersecting mineralization from 0.5 to up to one kilometre beyond the current Camino Rojo Sulphide mineral resource, with new drill results forthcoming.As part of South Railroad Project permitting, the Company has completed 15 of 20 Supplemental Environmental Reports (SERs), required by the US Bureau of Land Management (BLM) prior to issuing a Notice of Intent (NOI), expected to be published in early 2025. The Company is targeting a Record of Decision (final permitting decision) by mid-2026.As at September 30, 2024, Orla's cash balance was $180.9 million, an increase of $26.6 million over the previous quarter. Net cash1 at the end of the quarter was $122.5 million.

37.6 m @ 1.15 g/t Au (Ox) and 44.7 m @ 0.77 g/t Au (Ox)45.7 m at 0.67 g/t Au (Ox), incl. 12.2 m at 1.24 g/t Au (Ox)13.7 m at 1.82 g/t Au (Ox)

VANCOUVER, BC, Oct. 31, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an update on its exploration at the South Railroad Project ("South Railroad" or the "Project").

Highlights:

Significant gold intercepts indicate strong potential to expand oxide gold mineralization beyond the projected open pit boundaries and extend the projected mine life at the Pinion and Dark Star deposits. Higher grade sulphide gold mineralization is also being encountered.The ongoing drilling program focuses on defining new oxide mineralization, expanding the resource base by targeting open zones along key structures, and testing multiple targets across the property, including selective sulphide target testing.Orla has now integrated the recently acquired Pony Creek property and the larger, enhanced land package will now be referred to as the "South Carlin Complex". This area includes the South Railroad Project which hosts multiple mineralized zones and exploration targets along a 30- kilometre strike length on the Carlin Trend covering approximately 25,000 hectares.Significant permitting progress at the South Railroad Project has been made at the federal and state levels to advance the posting of the Notice of Intent ("NOI") in early 2025.

VANCOUVER, BC, Oct. 15, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the "Credit Facility") totalling $58.4 million. With this repayment, the Company is now debt free with cash on hand of approximately $120 million. The Credit Facility of $150.0 million will remain in place and be available to the Company until its expiry on August 28, 2027. (All amounts expressed are in millions of US dollars and are unaudited).

Camino Rojo Delivers Record Quarterly Gold Production of 43,788 oz Leading to Increased Production Guidance

VANCOUVER, BC, Oct. 10, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an operational update for the third quarter ended September 30, 2024, and provide an update to annual production guidance.

(All amounts expressed in millions of US dollars, as at September 30, 2024 and are unaudited)

VANCOUVER, BC, Aug. 26, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce the release of its 2023 Sustainability Report, continuing to highlight the Company's commitment to environmental, social, and governance ("ESG") initiatives. Orla operates the Camino Rojo mine in Zacatecas, Mexico and is developing the South Railroad project in Nevada, US, with active exploration programs at both sites.

In a commitment to sustainability and in an effort to minimize consumption, the 2023 report is being presented online and is available here: Orla Mining: Sustainability Report 2023.

Robust Margin Expansion Driving Record Free Cash Flow

VANCOUVER, BC, Aug. 12, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") today announces the results for the second quarter ended June 30, 2024.

(All amounts expressed in U.S. dollars unless otherwise stated)

Second Quarter 2024 Highlights

Second quarter gold production was 33,206 ounces and gold sold was 34,875 ounces (pre-released). Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 120,000 to 130,000 ounces from its initial guidance of 110,000 to 120,000 ounces.Second quarter 2024 all-in sustaining cost1 ("AISC") was $782 per ounce of gold sold, while year to date AISC is $843 per ounce of gold sold. AISC guidance for the full year 2024 has been improved to a range of $800 to $900 per ounce of gold sold from the original guidance of $875 to $975 per ounce.Adjusted earnings1 for the second quarter were $23.0 million or $0.07 per share.Net income for the second quarter was $24.3 million or $0.08 per share.Second quarter operating profit margin2 of 64%, and net profit margin3 of 29%.Cash flow from operating activities before changes in non-cash working capital during the second quarter was $53.2 million.Exploration and project expenditure1 was $9.7 million during the quarter, of which $3.1 million was capitalized and $6.6 million was expensed.As at June 30, 2024, Orla's cash balance was $154.3 million, an increase of $36.2 million over the previous quarter.  Net cash1 at the end of the quarter was $76.0 million.During the quarter, the Company repaid $10.0 million on its revolving credit facility. Subsequent to quarter end, the Company made a further $20.0 million re-payment reducing the outstanding balance drawn to $58.4 million.