Orla CEO: “We’ve Achieved Exactly What We Set Out to Do”

Video Description

Orla Mining (TSX: OLA; NYSE: ORLA) President and CEO Jason Simpson said the company is stronger than ever after its latest acquisition of the Musselwhite mine from Newmont. Q2 production jumped 134% year over year, the share price is up 170%, and market capitalization is approaching US$4 billion. “We've achieved exactly what we set out to do,” Simpson told Kitco at the Mining Forum Americas conference, 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.” He pointed to Musselwhite’s potential to produce more than 300,000 ounces annually, as well as 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 emphasized 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 will bring Orla to the 500,000 ounce per year level. Across all three jurisdictions, Orla is investing more than US$50 million in exploration to extend mine life, while capital allocation priorities include growth, debt reduction, and eventually returning cash to shareholders. Arbitration in Panama provides additional future optionality. Don’t forget to subscribe to Kitco Mining for more coverage from the 2025 Mining Forum Americas. Special thanks to our sponsor, Metalla Royalty & Streaming Ltd, for making this coverage possible. 👉 To learn more, visit https://metallaroyalty.com 00:21 Musclewhite Acquisition Success 01:25 Challenges and Costs in Mining 02:43 Future Plans for Musclewhite 05:29 Camino Rojo Operations Update 08:07 South Railroad Project in Nevada 11:13 Exploration and Capital Allocation 17:38 Industry Trends and Future Outlook __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.