Orla Mining Boosts 2023 Gold Production Guidance — Commodity Comment

• Orla Mining raises its production guidance for 2023 due to better-than-expected performance at the Camino Rojo mining operation in Mexico.
• During the third quarter of 2023, the Camino Rojo Oxide Mine produced and sold 32,425 and 31,060 ounces of gold, respectively.
• Year to date, Camino Rojo has been performing better than planned.
• Orla Mining increases its full-year gold production guidance to 110,000 to 120,000 ounces from the initial guidance of 100,000 to 110,000 ounces.

Orla Mining has announced an increase in its production guidance for 2023. The company’s Camino Rojo mining operation in Mexico has been performing better than expected, leading to higher gold production. During the third quarter of 2023, the Camino Rojo Oxide Mine produced and sold 32,425 and 31,060 ounces of gold, respectively. Year to date, the mine has been exceeding its production targets. As a result, Orla Mining has raised its full-year gold production guidance to a range of 110,000 to 120,000 ounces, up from the initial guidance of 100,000 to 110,000 ounces.