VIDEO: Orla Mining to double annual gold output after buying Musselwhite mine from Newmont
Canada’s Orla Mining (TSX: OLA) is gearing up to more than double annual gold production after it bought Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for $850 million last month.
For Orla, which currently operates the Camino Rojo mine in Mexico, acquiring Musselwhite will elevate it from a single-asset producer to a multi-asset miner.
Orla Mining CEO Jason Simpson told MINING.com host Devan Murugan that reactions to the acquisition – from shareholders to employees at the mine – have been unanimously positive.
“We have a lot of work to do, and we look forward to working with all stakeholders to create value for everybody,” Simpson said. “Our understanding of the asset and the important relationships is longstanding.”
Watch the full interview:
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