Orla Mining Reports Potential Two-Kilometer Gold Trend Extension at Musselwhite Mine, Ontario

Orla Mining has announced a significant discovery of a potential two-kilometer extension to its gold deposit at the Musselwhite mine in northwestern Ontario, which could substantially increase the mine's reserves and extend its operational life beyond current projections. The mine, operational for 28 years, currently holds 1.5 million ounces of proven and probable reserves, but recent high-grade drilling results suggest the deposit could be larger than expected. This discovery is part of a $25 million, two-year exploration program initiated after Orla acquired the mine from Newmont Corporation, and the company is over halfway through this program. Analysts see this as a milestone that could support future investments in infrastructure to increase throughput and gold production. However, despite strong revenue growth, concerns about declining profit margins, high leverage, and valuation metrics temper the outlook on Orla's stock. Overall, the discovery enhances the company's potential to boost production and reinforces the Musselwhite mine's status as one of Canada’s longest-operating gold mines.