Orla Mining (TSX: OLA; NYSE: ORLA) President and CEO Jason Simpson said the company is stronger than ever after its latest acquisition of the Musselwhite mine from Newmont. Q2 production jumped 134% year over year, the share price is up 170%, and market capitalization is approaching US$4 billion.

“We've achieved exactly what we set out to do,” Simpson told Kitco at the Mining Forum Americas conference, adding, “the objective was to get a gold company set up for just this period in the market. We are set up, and the company has never been stronger.” He pointed to Musselwhite’s potential to produce more than 300,000 ounces annually, as well as the foundational Camino Rojo asset in Mexico and the next growth phase at South Railroad in Nevada.

At Camino Rojo, a pit wall event in August has been resolved, and Simpson emphasized the longer-term opportunity: “We know that as we outlined in our resource that we have 4 million ounces there, and we'd like to start taking steps as early as next year of driving a drift underground.”

South Railroad remains on track for a record of decision in February 2026, first gold in late 2027, and full production in 2028, which will bring Orla to the 500,000 ounce per year level. Across all three jurisdictions, Orla is investing more than US$50 million in exploration to extend mine life, while capital allocation priorities include growth, debt reduction, and eventually returning cash to shareholders. Arbitration in Panama provides additional future optionality.

Don’t forget to subscribe to Kitco Mining for more coverage from the 2025 Mining Forum Americas.

Special thanks to our sponsor, Metalla Royalty & Streaming Ltd, for making this coverage possible.
👉 To learn more, visit https://metallaroyalty.com

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

Orla CEO: “We’ve Achieved Exactly What We Set Out to Do”

Kitco MINING

Orla CEO: “We’ve Achieved Exactly What We Set Out to Do”