Equinox Gold transaction on track for Q3 closing
VANCOUVER, BC, July 9, 2026 /CNW/ - Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an operational update for the second quarter ended June 30, 2026.
The Company produced 88,265 ounces of gold in the second quarter and 169,471 ounces of gold in the first half of the year, driven by outperformance at Musselwhite. Orla remains on track to achieve 2026 production guidance of 340,000 to 360,000 ounces of gold and All-In Sustaining Cost ("AISC")1 guidance of $1,550 to $1,750 per ounce of gold sold.
(All amounts expressed in millions of US dollars, as at June 30, 2026 and are unaudited)
Second Quarter Operational Update
Total Gold Production & Sales | Q2 2026 | YTD Q2 2026 | |
Total Gold Produced | oz | 88,265 | 169,471 |
Total Gold Sold | oz | 90,225 | 171,765 |
Musselwhite, Canada | Q2 2026 | YTD Q2 2026 | |
Ore Milled | tonnes | 336,773 | 669,595 |
Milled Ore Gold Head Grade | g/t | 6.38 | 6.33 |
Gold Produced | oz | 67,077 | 130,062 |
Gold Sold | oz | 67,717 | 131,821 |
Camino Rojo, Mexico | Q2 2026 | YTD Q2 2026 | |
Ore Stacked | tonnes | 1,748,188 | 3,576,188 |
Stacked Ore Gold Grade | g/t | 0.72 | 0.65 |
Gold Produced | oz | 21,188 | 39,409 |
Gold Sold | oz | 22,508 | 39,944 |
"The first half of the year exceeded expectations driven by outperformance at Musselwhite. Operations returned to normal at Camino Rojo following a brief interruption and we have important catalysts for the second half of the year including final permits for South Railroad and closing of our combination with Equinox Gold. Thanks to our teams across our portfolio for their dedication, hard work and achievements so far this year."
- Jason Simpson, President and Chief Executive Officer, Orla Mining
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1 AISC is a non-GAAP measure. See the "Non-GAAP Measures" section of this news release for additional information. |
Musselwhite Operations
During the quarter, Musselwhite mined 320,659 tonnes of ore and processed 336,773 tonnes at a mill head grade of 6.38 g/t gold resulting in gold production of 67,077 ounces. The production outperformance was primarily due to improvements in stope sequencing and underground development rates.
During the quarter, 393 metres of reserve, and 13,647 metres of resource drilling were completed underground. On the surface, 5,734 metres of deep directional drilling targeting the down-plunge extension of the mine trend, and 2,329 metres of near-mine brownfields drilling were completed. A further 3,444 metres of lateral development was completed with 283 metres attributed to the advance of the 1080 exploration drift.