MMX Interest: 2.0% NSR royalty
MMX Metal Exposure: Gold (Au), Silver (Ag)
Location: Zacatecas, Mexico
Operator: Orla Mining Ltd.
- Land package consists of seven mineral concessions covering approximately 206,000 hectares and is located approximately 50 kilometres from Newmont’s Penasquito mine
- An updated feasibility study completed in 2021 outlined an initial 10 year operation with average annual production of 94,000 oz gold with good potential for further mine life extensions
- Activities are focused on earth moving, concrete pouring and structural and mechanical installations
- The first gold production is planned for late 2021
For more information on Camino Rojo, please visit www.orlamining.com
Source: Orla Mining public disclosure.