A May 2024 view of work at the Camino Rojo site in Mexico. Credit: Orla Mining.
Orla Mining (TSX: OLA; NYSE: ORLA) said it will produce about 5% less gold than planned this year at higher costs after deferring some production following last month’s pit-wall failure at the Camino Rojo oxide mine in central Mexico.
Consolidated gold output is now expected to hit 265,000-285,000 oz. this year at an all-in sustaining cost (AISC) of $1,350-$1,550 per oz., Vancouver-based Orla said Tuesday in a statement. It had previously forecast total 2025 production of 280,000-300,000 oz. at an AISC of $1,300-$1,500.
Heavy rains triggered the July 23 pit‑wall slide along the temporary north wall of Camino Rojo’s open pit. About 390,000 tonnes of material – representing about seven days’ worth of mining – fell into the pit, Orla has said. No one was injured in the incident, no equipment was damaged, no ore was…
