- Orla Mining released a Pre-Feasibility Study for its Cerro Quema Project in Panama last week.
- The study envisions an open-pit heap-leach operation with an average production profile of ~81,000 ounces of gold per annum, with industry-leading costs below $650/oz.
- While not a large project, Cerro Quema has exceptional projected margins with modest capex, and gives Orla organic growth once Camino Rojo heads into production by Q1 2022.
- I continue to see Orla Mining as a solid buy-the-dip candidate given its position in the sweet spot of the Lassonde Curve, and I would view any pullbacks below US$3.65 as low-risk buying opportunities.
For further details see:
Orla Mining: Robust Economics From Updated Cerro Quema PFS