Bullboard - Stock Discussion Forum Orla Mining Ltd T.OLA

Alternate Symbol(s): ORLA

Metals & Mining Gold

Orla Mining Ltd. is a gold exploration company. The Company has two material gold projects Camino Rojo, located in Zacatecas State, Mexico and South Railroad, located in Nevada, United States. Its Camino Rojo Oxide Gold Mine is a gold and silver open-pit and heap leach mine. The property is 100% owned covers over 130,000 hectares which contains a large oxide and sulfide mineral resource. It... see more

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Orla Mining Ltd > Orla Mining Repays Revolving Credit Facility

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Post by Betteryear2 on Oct 15, 2024 7:02pm

Orla Mining Repays Revolving Credit Facility

VANCOUVER, BC, Oct. 15, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the "Credit Facility") totalling $58.4 million. With this repayment, the Company is now debt free with cash on hand of approximately $120 million. The Credit Facility of $150.0 million will remain in place and be available to the Company until its expiry on August 28, 2027. (All amounts expressed are in millions of US dollars and are unaudited).

Orla Mining Repays Revolving Credit Facility to Achieve Debt-Free Status (newswire.ca)

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