Orla Mining on Track for 2026 Gold Production Targets
Event summary
- Orla Mining produced 81,206 ounces of gold in Q1 2026, aligning with its annual guidance of 340,000–360,000 ounces.
- Musselwhite Mine processed 332,822 tonnes of ore at a head grade of 6.29 g/t gold, with 95.91% recovery.
- Camino Rojo received final permits for open-pit expansion, including the layback area, with a strip ratio of 1.15.
- Orla's net cash position improved to $96.0 million as of March 31, 2026, up from $35.8 million at year-end 2025.
The big picture
Orla Mining's Q1 2026 results underscore its operational momentum, with both mines performing in line with expectations. The strategic significance lies in the company's ability to balance near-term production with long-term growth through exploration and permit-driven expansions. The improved liquidity position further strengthens its financial flexibility amid volatile gold markets.
What we're watching
- Production Consistency
- Whether Orla can sustain its current production pace to meet full-year targets.
- Exploration Success
- The pace at which exploration drilling at Musselwhite and Camino Rojo converts into reserves.
- Regulatory Execution
- How quickly Orla advances the Camino Rojo underground project following permit approvals.
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