https://www.engineeringnews.co.za

Orla shareholders approve Musselwhite acquisition

22nd January 2025

By: Creamer Media Reporter

     

Font size: - +

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.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 1.182s - 140pq - 2rq
Subscribe Now