Orla Mining Ltd. provided a status update on the pit wall event at Camino Rojo, attributing it to increased pore pressure from rainfall and a steep pit wall angle. The incident necessitated a temporary pause in in-pit mining operations.
The company announced a remediation plan involving a substantial pushback of the north wall, which will yield approximately 9 million tonnes of predominantly oxidized ore, equivalent to 250,000 ounces at 0.74 g/t gold. This material has been deferred, not lost.
As a result, the 2025 consolidated guidance was revised to 265,000 to 285,000 ounces of gold, down from 280,000-300,000 ounces. Cash costs are now projected at $900 to $1,100 per ounce, and All-In Sustaining Costs (AISC) at $1,350 to $1,550 per ounce. Camino Rojo's specific guidance was adjusted to 95,000 to 105,000 ounces, down from 110,000-120,000 ounces, while Musselwhite's guidance remained unchanged.
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