Make Kitco Your Homepage

Orla Mining declares commercial production at its Camino Rojo gold mine in Mexico

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Orla Mining (TSX: OLA) yesterday announced the start of commercial production at the Camino Rojo oxide gold mine in Mexico, effective April 1, 2022.

The Camino Rojo project is an oxide heap leach gold project that exploits a near-surface oxide gold-silver deposit with a large deeper gold-silver-zinc-lead sulphide zone.

The Camino Rojo updated Feasibility Study considers open pit mining of 67.4 million tonnes of oxide and transitional ore at a rate of 18,000 tonnes per day. Ore from the pit will be crushed to 80% passing 28 mm, conveyor stacked onto a heap leach pad and leached using a low concentration sodium cyanide solution.

The company said that the site's proximity to infrastructure, low stripping ratio, compact footprint, and flat pad location all contribute to the project's simplicity and low estimated AISC of $543 per ounce of gold.

"In reaching commercial production at Camino Rojo, we have completed our transformation from explorer through developer to producer in three years," stated President and CEO Jason Simpson. "Today, the team will celebrate this success but tomorrow we will focus on how to grow our production."


Canada's mining, quarrying, and oil and gas extraction declines in January - StatCan

Orla also owns 100% of Cerro Quema located in Panama which includes a near-term gold production scenario and various exploration targets. Cerro Quema is a proposed open pit mine and gold heap leach operation.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.