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Orla Mining Buys A Producing Asset

Orla Mining (TSX: OLA) has evidently decided they no longer want to be a Mexico-focused single asset producer.

The gold miner this week entered into a transaction with Newmont (TSX: NGT), one of their major shareholders, to acquire the Musselwhite Gold Mine in Ontario for total up front cash consideration of US$810 million.

The purchase, slated to close early next year, is expected to launch Orla into the intermediate producer category, while dramatically altering their mining profile.

Lets dive in.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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