- Orla Mining has begun construction of its Camino Rojo Project in Mexico, with a goal of producing its first gold by year-end.
- Assuming Camino Rojo meets estimates laid out in the most recent technical report, the operation is expected to produce over ~100,000 gold-equivalent ounces per year at industry-leading costs.
- However, while the graduation to producer status typically leads to outsized share-price returns, Orla Mining's current valuation suggests that some of this upside might already be baked in.
- Therefore, while Orla is one of the lowest-cost developers and a name to keep an eye on given its organic growth potential, I would view any rallies back above $5.00 as selling opportunities.
For further details see:
Orla Mining: Making The Leap From Developer To Producer