VANCOUVER, BC, April 12, 2023 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") today is pleased to provide an interim operational update for the first quarter ended March 31, 2023.
During the first quarter of 2023, the Camino Rojo Oxide Mine produced 25,910 ounces of gold and sold 26,752 ounces of gold. At March 31, 2023, Orla had a cash position of $83.8 million, after making its first planned income tax payment (including the Special Mining Duty) in Mexico of $29.1 million related to the 2022 fiscal year. The operations are performing to plan, and the Company remains on track to meet 2023 annual gold production guidance of 100,000 to 110,000 ounces.
| Camino Rojo Mining and Processing Totals | | Q1 / YTD 2023 |
| Ore Mined | tonnes | 1,948,543 |
| Ore - processed | tonnes | 1,646,595 |
| Low Grade Ore - stockpiled | tonnes | 301,948 |
| Waste Mined | tonnes | 1,183,781 |
| Total Mined | tonnes | 3,132,324 |
| Strip Ratio | w:o | 0.61 |
| Total Ore Mined Gold Grade | g/t | 0.72 |
| Ore - processed | g/t | 0.80 |
| Low Grade Ore - stockpiled | g/t | 0.29 |
| | | |
| Ore Crushed | tonnes | 1,770,355 |
| Ore Stacked | tonnes | 1,701,188 |
| Stacked Ore Gold Grade | g/t | 0.80 |
| Gold Produced | oz | 25,910 |
| | | |
| Daily Stacked Throughput Rate – Average | tpd | 18,902 |
| Daily Stacked Throughput / Nameplate Capacity | % | 105 % |
| Total Crushed Ore Stockpile | tonnes | 114,117 |
| Total Crushed Ore Stockpile Au Grade | g/t | 0.87 |
| Total ROM Ore Stockpile* | tonnes | 2,420,575 |
| Total ROM Ore Stockpile Grade | g/t | 0.34 |