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.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Newcrest Mining Enters Exclusivity Period With Newmont

It appears that Newcrest Mining (TSX: NCM) was enticed by the final offered made by...

Friday, April 14, 2023, 09:03:06 AM

Discovery Silver To Become A Gold Producer With US$425 Million Purchase Of Newmont’s Porcupine Complex

Discovery Silver (TSX: DSV) is set to become the newest gold producer on the market....

Monday, January 27, 2025, 08:30:31 AM

Newmont’s Q3 Earnings Breakdown: All That Glitters Is Not Gold

All that glitters is not gold. Newmont Corporation (TSX: NGT) on Wednesday reported its third...

Saturday, October 26, 2024, 09:19:00 AM

Newmont Sells Eleonore Mine To Private UK-Based Firm For $795 Million

Newmont Corp (TSX: NGT) has entered into an arrangement to sell off another gold asset...

Monday, November 25, 2024, 09:49:46 AM

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Amid our ongoing backlog of must-cover quarterly earnings is a name we haven’t previously covered....

Sunday, September 7, 2025, 09:26:00 AM