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)
Third Quarter 2024 Camino Rojo Oxide Mine Operational Update
The Camino Rojo Oxide Mine produced 43,788 ounces and sold 38,265 ounces of gold during the third quarter 2024.
Camino Rojo Mining and Processing Totals
Q3 2024
YTD Q3 2024
Ore Mined
tonnes
1,942,269
5,790,782
Waste Mined
tonnes
2,840,117
5,764,628
Total Mined
tonnes
4,782,386
11,555,410
Strip Ratio
w:o
1.46
1.00
Ore Stacked
tonnes
1,786,175
5,504,158
Daily Stacked Throughput Rate, Average
tpd
18,434
19,246
Stacked Ore Gold Grade
g/t
0.93
0.87
Gold Produced
oz
43,788
110,217
Gold Sold
oz
38,265
105,186
Production and Cost Guidance
As a result of the production outperformance year-to-date at Camino Rojo, the Company is increasing full year gold production guidance to 130,000 to 140,000 ounces. The previous production guidance range, revised in August, was 120,000 to 130,000 ounces, while the initial annual guidance was 110,000 to 120,000 ounces. The year-to-date outperformance is driven by improved recoveries from finer crushing, higher mined and processed grade, and higher tonnes stacked. The higher strip ratio in the quarter is a result of a mine pit redesign to ensure consistent access to ore to maintain balanced production. In August 2024, full year all-in sustaining cost1 ("AISC") guidance was improved to a range of $800 to $900 per ounce of gold sold. As a result of the higher production guidance, full year AISC is ...
