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 extension
- Achieved first gold pour from Camino Rojo in December 2021
- Mining and processing throughput rates and availabilities are in line with the ramp up plan and commercial production is targeted by the end of the first quarter of 2022
For more information on Camino Rojo, please visit www.orlamining.com
Source: Orla Mining public disclosure.