UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
Report of Foreign
Private Issuer
Pursuant to Rule
13a-16 or
15d-16
UNDER the Securities
Exchange Act of 1934
For the month of April, 2023
Commission File Number: 001-39766

ORLA MINING LTD.
(Translation of registrant's name into English)
Suite 202, 595 Howe Street
Vancouver, British Columbia,
V6C 2T5, Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☐ Form 40-F ☒
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
|
|
ORLA MINING LTD.. |
|
|
Date: April 13, 2023 |
|
/s/ Etienne
Morin |
|
Name: Etienne Morin
Title: Chief Financial Officer
|
|
|
EXHIBIT INDEX
Exhibit
99.1
Orla Mining Provides First Quarter 2023 Operational Results
VANCOUVER, BC, April 12, 2023 /CNW/ - Orla Mining Ltd. (TSX:
OLA) (NYSE: ORLA) ("Orla" or the "Company") today is pleased to
provide an interim operational update for the first quarter ended
March 31, 2023.
During the first quarter of 2023, the Camino Rojo Oxide Mine
produced 25,910 ounces of gold and sold 26,752 ounces of gold. At
March 31, 2023, Orla had a cash position of $83.8 million, after
making its first planned income tax payment (including the Special
Mining Duty) in Mexico of $29.1 million related to the 2022 fiscal
year. The operations are performing to plan, and the Company
remains on track to meet 2023 annual gold production guidance of
100,000 to 110,000 ounces.
Camino
Rojo Mining and Processing Totals |
|
Q1 /
YTD 2023 |
Ore
Mined |
tonnes |
1,948,543 |
Ore -
processed |
tonnes |
1,646,595 |
Low
Grade Ore - stockpiled |
tonnes |
301,948 |
Waste
Mined |
tonnes |
1,183,781 |
Total
Mined |
tonnes |
3,132,324 |
Strip
Ratio |
w:o |
0.61 |
Total
Ore Mined Gold Grade |
g/t |
0.72 |
Ore -
processed |
g/t |
0.80 |
Low
Grade Ore - stockpiled |
g/t |
0.29 |
|
|
|
Ore
Crushed |
tonnes |
1,770,355 |
Ore
Stacked |
tonnes |
1,701,188 |
Stacked
Ore Gold Grade |
g/t |
0.80 |
Gold
Produced |
oz |
25,910 |
|
|
|
Daily
Stacked Throughput Rate – Average |
tpd |
18,902 |
Daily
Stacked Throughput / Nameplate Capacity |
% |
105 % |
Total
Crushed Ore Stockpile |
tonnes |
114,117 |
Total
Crushed Ore Stockpile Au Grade |
g/t |
0.87 |
Total
ROM Ore Stockpile* |
tonnes |
2,420,575 |
Total
ROM Ore Stockpile Grade |
g/t |
0.34 |
*ROM
ore stockpile includes mined ore but yet crushed, and low-grade
stockpiles. |
Base Shelf Prospectus
In order to maintain financial flexibility, and consistent with
past practice, the Company intends to file a new base shelf
prospectus in April 2023. The Company has maintained a base shelf
prospectus since 2019 and its existing base shelf prospectus
expired on April 12, 2023. The Company has no present intention to
offer securities pursuant to the new base shelf prospectus. The
notice set out in this paragraph does not constitute an offer of
any securities for sale or an offer to sell or the solicitation of
an offer to buy any securities.
First Quarter 2023 Conference Call
Orla will host a conference call on Friday, May 12, 2023, at 10:00
AM, Eastern Time, to provide a corporate update following the
release of its financial and operating results for the first
quarter 2023:
Dial-In Numbers / Webcast:
Conference ID: 5844017
Toll Free:
1 (888) 550-5302
Toll:
1 (646) 960-0685
Webcast:
https://orlamining.com/investors/presentations-and-events/
Qualified Persons Statement
The scientific and technical information related to Camino Rojo in
this news release was reviewed and approved by Mr. J. Andrew
Cormier, P. Eng., Chief Operating Officer of the Company, who is
the Qualified Person as defined under NI 43-101 standards.
About Orla Mining Ltd.
Orla's corporate strategy is to acquire, develop, and operate
mineral properties where the Company's expertise can substantially
increase stakeholder value. The Company has three material gold
projects: (1) Camino Rojo, located in Zacatecas State, Mexico, (2)
South Railroad, located in Nevada, United States, and (3) Cerro
Quema, located in Los Santos Province, Panama. Orla is operating
the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and
heap leach mine. The property is 100% owned by Orla and covers over
160,000 hectares which contains a large oxide and sulphide mineral
resource. Orla also owns 100% of Cerro Quema located in Panama
which includes a pre-feasibility-stage, open-pit, heap leach gold
project, a copper-gold sulphide resource, and various exploration
targets. Orla also owns 100% of the South Railroad Project, a
feasibility-stage, open pit, heap leach gold project located on the
Carlin trend in Nevada. The technical reports for the Company's
material projects are available on Orla's website at
www.orlamining.com, and on SEDAR and EDGAR under the Company's
profile at www.sedar.com and www.sec.gov, respectively.
Forward-looking Statements
This news release contains certain "forward-looking information"
and "forward-looking statements" within the meaning of Canadian
securities legislation and within the meaning of Section 27A of the
United States Securities Act of 1933, as amended, Section 21E of
the United States Exchange Act of 1934, as amended, the United
States Private Securities Litigation Reform Act of 1995, or in
releases made by the United States Securities and Exchange
Commission, all as may be amended from time to time, including
statements regarding the Company's filing of a new base shelf
prospectus. Forward-looking statements are statements that are not
historical facts which address events, results, outcomes or
developments that the Company expects to occur. Forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made and they
involve a number of risks and uncertainties. Certain material
assumptions regarding such forward-looking statements were made.
Consequently, there can be no assurances that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Forward-looking statements involve significant known and unknown
risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include those risk
factors discussed in the Company's most recently filed management's
discussion and analysis, as well as its annual information form
dated March 20, 2023, which are available on www.sedar.com and
www.sec.gov. Except as required by the securities disclosure laws
and regulations applicable to the Company, the Company undertakes
no obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors,
should change.
SOURCE Orla Mining Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/April2023/13/c4040.html
%CIK: 0001680056
For further information: Jason Simpson, President &
Chief Executive Officer; Andrew Bradbury, Vice President, Investor
Relations & Corporate Development; www.orlamining.com,
info@orlamining.com
CO: Orla Mining Ltd.
CNW 06:00e 13-APR-23
This regulatory filing also includes additional resources:
ex991.pdf
Orla Mining (AMEX:ORLA)
Graphique Historique de l'Action
De Sept 2023 à Oct 2023
Orla Mining (AMEX:ORLA)
Graphique Historique de l'Action
De Oct 2022 à Oct 2023