Business
Orla Mining Announces Positive Preliminary Economic Assessment for the Camino Rojo Underground Project
Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce positive results of a Preliminary Economic Assessment (the "PEA" or the "Study") for the underground project (the "Project") at its Camino Rojo Mine ("Camino Rojo") located in Zacatecas, Mexico. The PEA evaluates the technical and economic potential of a stand-alone, underground development project beneath the existing Camino Rojo open pit operation and outlines a potential pathway toward development of a l
About this update from Orla Mining Ltd.
[{"type":"text","content":"High-Margin Growth Beyond Current Open-Pit Operation","length":52,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Feb. 19, 2026 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce positive results of a Preliminary Economic Assessment (the "PEA" or the "Study") for the underground project (the "Project") at its Camino Rojo Mine ("Camino Rojo") located in Zacatecas, Mexico. The PEA evaluates the technical and economic potential of a stand-alone, underground development project beneath the existing Camino Rojo open pit operation and outlines a potential pathway toward development of a larger-scale and long-life underground mining operation and processing facility.","length":676,"tagName":"p"},{"type":"text","content":"All amounts expressed in U.S. dollars unless otherwise stated. ","length":62,"tagName":"p"},{"type":"text","content":"Camino Rojo Underground PEA Highlights","length":38,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Underground Sulphide Expansion Beyond Oxides Open Pit: The PEA outlines a pathway to develop an additional, standalone operation at Camino Rojo beyond the current open pit heap leach operation through development of an underground mining operation supported by its own crushing, grinding, and flotation circuits producing saleable concentrates.","length":344,"tagName":"p"}]},{"val":[{"type":"text","content":"Robust Economics Across Gold Price Scenarios:","length":45,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Present Value ("NPV")5% of $1.3 billion and 30% internal rate of return ("IRR") at $3,100/oz gold price (after-tax).","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"NPV5% of $3.3 billion and 61% IRR at $5,000/oz gold price (after-tax)1.","length":71,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":211,"olType":false}]},{"val":[{"type":"text","content":"Capital Efficient Growth Opportunity: The Project demonstrates strong capital efficiency with an after-tax NPV to initial capital ratio of 5.5:1 at $5,000/oz gold, highlighting the leverage of the underground expansion to gold prices.","length":234,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong Production P...