An aerial view of the Camino Rojo site. Credit: Orla Mining.
Orla Mining (TSX: OLA)(NYSE: ORLA) stopped pit‑mining activities at its Camino Rojo oxide mine in central Mexico after heavy rains triggered a pit‑wall slide. The stock plunged.
The incident took place early Thursday along the temporary north wall of the open pit, which included ore material expected to be mined as part of the ultimate open pit, Orla said in a statement. There were no injuries or equipment damage due the material movement, which was detected early by site monitoring systems.
Vancouver-based Orla is assessing the impact of the incident on full-year production targets. Camino Rojo had been expected to churn out 110,000–120,000 oz. of gold this year after producing 55,100 oz. in the first six months of 2025, including 25,100 oz. in the second quarter.
The full-year production forecast could be revised depending on…
