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Orla Mining Ltd T.OLA

Alternate Symbol(s):  ORLA

Metals & Mining Gold
Orla Mining Ltd. is a Canada-based gold exploration company. The Company has three material gold projects: Camino Rojo, located in Zacatecas State, Mexico; South Railroad, located in Nevada, United States, and Cerro Quema, located in Los Santos Province, Panama. The Company is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine. The property is 100% owned by the Company and covers over 160,000 hectares (ha), which contains a large oxide and sulfide mineral resource. It also owns 100% of the South Railroad Project, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada. South Railroad Project has over 21,000 ha land package. The Company also owns 100% of Cerro Quema located in Panama, which includes a pre-feasibility-stage, open-pit, heap leach gold project, a copper-gold sulfide resource, and various exploration targets. The Cerro Quema project covers approximately 15,000 ha.


TSX:OLA - Post by User

Orla Mining Ltd
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(1921)
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Post by Betteryear2on Apr 28, 2022 9:49pm
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Post# 34640971

Orla Mining Completes US$150 Million Refinancing

Orla Mining Completes US$150 Million RefinancingVANCOUVER, BC, April 28, 2022 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") today is pleased to announce that the Company has refinanced its US$125 million project finance facility with a new US$150 million secured credit facility (the "Credit Facility"). The Credit Facility includes a US$100 million term facility and a US$50 million revolving facility through a syndicate of lenders composed of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. The proceeds from the Credit Facility were used to repay the existing project finance facility, with the balance of the revolving facility available for general corporate purposes and working capital. With the successful ramp-up at Camino Rojo, the Company has been building cash and had a balance of $35.0 million, at March 31, 2022, in advance of the refinancing.
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