Orla Mining (ORLA) said Monday it produced 47,759 ounces of gold from its Camino Rojo and Musselwhite mines during Q1, with sales totaling 46,356 ounces.
The company said its Camino Rojo mine in Mexico produced 29,973 ounces of gold in Q1, while its recently acquired Musselwhite mine in Canada produced 17,786 ounces of gold in March.
Camino Rojo is on track to hit its goal of producing 110,000 to 120,000 ounces of gold for the year, the company said.
As of March 31, Orla said it had $184.2 million in cash and $450 million in debt.
Shares of the company were up 2.4% in recent trading.
Price: 10.88, Change: +0.26, Percent Change: +2.40
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.