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Orla Mining to buy Newmont’s gold mine in Ontario in US$850-million deal

  • Orla Mining Ltd. Will buy the Musselwhite gold mine in Ontario from Newmont Corp. For US$810 million plus up to an additional US$40 million depending on gold prices after closing.
  • The Musselwhite mine has 1.5 million ounces of proven and probable gold reserves as of December 31, 2023, and has been in operation for over 25 years.
  • Orla Mining expects that combining Musselwhite with its Camino Rojo gold mine will increase its annual gold production to over 300,000 ounces.
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