ORLA News & Events

Reports Q4 revenue $378.5M vs. $92.8M last year. CEO Jason Simpson says: "2025 was a pivotal year for Orla as we successfully integrated Musselwhite into our growing platform. The mine is already contributing meaningfully to our production and cash flow. Orla's initial exploration results have been highly encouraging, supporting near-term reserve and resource growth and the potential for significant mine life extension. Camino Rojo proved resilient despite an operational setback, and with the advancement of the sulphide underground project, we see a long and productive future ahead in Mexico. In Nevada, we are preparing for a mid-year construction start, marking the next step in unlocking value from our third mine. I'm proud of the team's financial discipline, strong safety and environmental performance, and the solid foundation we've built for growing value creation."

Orla Mining received the environmental impact assessment from Mexico's Secretariat of Environment and Natural Resources for its Camino Rojo Mine in Zacatecas, Mexico. With this approval, Orla now has all the permits necessary, including the Change of Land Use approval, to mine the remainder of the oxide open-pit, including the layback area, and to begin construction of an underground exploration decline to advance the Camino Rojo Underground Project. The company has also filed an updated technical report for the property. The approval of the MIA is conditional upon Orla meeting certain customary conditions and standard requirements. The MIA also authorizes the development of underground access works, including an exploration portal and decline, with work expected to begin as early as the second half of 2026. There are no changes to the company's 2026 production and cost guidance for Camino Rojo. Potential spending in 2026 related to the exploration decline would be additional to the current guidance. Orla has also filed an updated technical report for Camino Rojo, which contains the results of the PEA for the Camino Rojo Underground Project.