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Orla shareholders approve Musselwhite acquisition

22nd January 2025

By: Creamer Media Reporter

     

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The shareholders of TSX- and NYSE-listed Orla Mining have approved the company's $850-million acquisition of the Musselwhite mine from US-based miner Newmont.

The shareholders meeting also approved a related private placement of convertible notes and common share purchase warrants. The placement will provide funding for a portion of the acquisition cost.

The acquisition of Musselwhite will transform Orla from a single-asset producer to a multi-asset miner, more than doubling its gold output to 300 000 oz/y. Orla currently operates the Camino Rojo mine, in Mexico.

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Edited by Creamer Media Reporter

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