Mechanical installations on the crushing circuit are "Our entire team remains focused on maintaining health and safety while executing our strategic objectives and creatingĪt June 30, 2021, project construction was 49% completeĪnd procurement was 99% complete while commitments for equipment and contracts totalled $115.9 million. Rojo Oxide Project, and we remain on track for first gold pour by year end," said Jason Simpson, President and Chief Executive Officer "We are in the heart of construction at the Camino Of $50.0 million on the Project Finance Facility ("Credit Facility") during April 2021. Institutional investor, Pierre Lassonde, Agnico Eagle Mines Limited, and Trinity Capital Partners Corporation. To quarter end, Orla completed a $35.0 million non-brokered prospectus financing subscribed to by accredited investors including a large Loss of $0.9 million or $0.00 per share for the quarter. Panama with a focus on target generation and project study advancement. Of return ("IRR") of 38% at a gold price of $1,600 per ounce.Īnd evaluation expenditures totalled $3.8 million for the quarter and included activities across the Company's portfolio in Mexico and The estimated Project after-tax net present value ("NPV") (5% discount rate) is $176 million with an after-tax internal rate Of the Cerro Quema Oxide Project Pre-Feasibility Study ("PFS") with results confirming a low cost, high return heap leach project.
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Out of a total project capital expenditure estimate of $134.1 million.Ĭapital committed totalled $115.9 million at the end of the second quarter with expenditures and commitments to date in line with estimates.ĭevelopment of Camino Rojo with activities focused on installations in the areas of the crushing and conveying circuit, Merrill-Crowe
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Rojo capital expenditures totalled $26.8 million in the second quarter and total $82.0 million for the Project to date (June 30, 2021), Rojo construction is progressing on schedule and was 49% complete at Jand 61% complete at July 31, 2021. Of June 30, 2021, there were 1,045 workers at the Project as part of construction activities with 17% from the local communities, 28%įrom the State of Zacatecas, and 55% from other states within Mexico. To date safety and environmental performance has been excellent and there have been no delays in construction due to COVID-19. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide results for the second quarter ended
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#Pclp d7 v3 cl6 update
Quarter 2021 Results and Provides Camino Rojo Construction Update