Video News/Mining Forum Americas 2025

Orla Mining (TSX: OLA; NYSE: ORLA) President and CEO Jason Simpson says the company has never been stronger following its acquisition of the Musselwhite mine from Newmont. Speaking with Kitco Mining at Mining Forum Americas 2025, Simpson highlighted a 134% year-over-year jump in Q2 production, a 170% surge in the share price, and a market capitalization nearing US$4 billion. “We've achieved exactly what we set out to do,” he said, adding, “the objective was to get a gold company set up for just this period in the market. We are set up, and the company has never been stronger.” Musselwhite is expected to produce more than 300,000 ounces annually, alongside the foundational Camino Rojo asset in Mexico and the next growth phase at South Railroad in Nevada. At Camino Rojo, a pit wall event in August has been resolved, and Simpson pointed to the longer-term opportunity: “We know that as we outlined in our resource that we have 4 million ounces there, and we'd like to start taking steps as early as next year of driving a drift underground.” South Railroad remains on track for a record of decision in February 2026, first gold in late 2027, and full production in 2028, which would lift Orla to 500,000 ounces per year. Across its three jurisdictions, Orla is investing more than US$50 million in exploration to extend mine life, with capital priorities focused on growth, debt reduction, and eventually returning cash to shareholders. Arbitration in Panama provides additional optionality.