Orla Mining (NYSE: ORLA) files construction-ready report for South Railroad project
Rhea-AI Filing Summary
Orla Mining Ltd. has filed an updated independent technical report for its South Railroad Gold Project in Nevada, prepared under NI 43-101. The report now includes a construction-ready feasibility study with advanced engineering, expanded metallurgical testing, and a detailed execution plan.
Key design enhancements include a two-stage crushing circuit aimed at improving gold recoveries. Orla is moving into the execution phase, focusing on detailed engineering, construction readiness, and long-lead procurement, with full construction targeted to begin in mid-2026, pending receipt of final permits.
The Company expects to fund South Railroad’s development using operating cash flow and existing cash on hand. South Railroad is part of Orla’s South Carlin Complex and complements its two operating mines, Camino Rojo in Mexico and the Musselwhite Mine in Canada, all 100% owned by Orla.
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Insights
Orla advances South Railroad to a construction-ready stage with funding from internal resources.
Orla Mining has upgraded South Railroad in Nevada to a construction-ready, feasibility-stage project under NI 43-101, adding advanced engineering, expanded metallurgical testing, and an execution plan. This marks a transition from study work toward detailed engineering and eventual project build-out.
The company highlights a two-stage crushing circuit to improve recoveries, which can materially influence project economics, though specific cost and production figures are not included here. Orla plans to fund development through operating cash flow and cash on hand, suggesting reliance on existing financial capacity rather than new external equity.
Management guides to full construction starting in mid-2026, subject to final permitting. Progress will depend on securing those permits and maintaining sufficient operating cash flow from existing mines, Camino Rojo and Musselwhite, which together underpin the internal funding approach for this third, feasibility-stage asset.
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FAQ
What did Orla Mining (ORLA) announce about the South Railroad Gold Project?
Orla Mining announced it has filed an updated independent NI 43-101 technical report for the South Railroad Gold Project in Nevada. The report upgrades the project to a construction-ready feasibility study with advanced engineering, expanded metallurgical testing, and a comprehensive execution plan.
When does Orla Mining expect to start construction at South Railroad?
Orla Mining expects full construction at South Railroad to begin in mid-2026, subject to receiving final project permits. The company is currently focused on detailed engineering, construction readiness activities, and long-lead procurement as it transitions from study work into the execution phase.
How does Orla Mining plan to fund development of the South Railroad Project?
Orla Mining states that development of the South Railroad Project is expected to be funded through operating cash flow and cash on hand. This suggests reliance on cash generated by its existing operations, rather than specifying new external financing in this disclosure.
Where can investors find Orla Mining’s updated South Railroad technical report?
The updated South Railroad technical report is available on SEDAR+ and EDGAR under Orla Mining’s profile, and on the company’s website, www.orlamining.com. It is an NI 43-101 compliant report covering feasibility-level details for the Nevada gold project.
What are Orla Mining’s three material projects mentioned in this disclosure?
Orla Mining’s three material projects are: Camino Rojo, an operating open-pit gold and silver mine in Mexico; the Musselwhite underground gold mine in Northwestern Ontario, Canada; and South Railroad in Nevada, a feasibility-stage open-pit, heap leach gold project on the Carlin trend.
What key technical enhancement is highlighted for South Railroad in Orla’s update?
The update highlights a two-stage crushing circuit at South Railroad, designed for improved gold recoveries. This configuration, combined with expanded metallurgical testing and advanced engineering work, supports the project’s construction-ready feasibility status within Orla Mining’s South Carlin Complex.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
UNDER the Securities Exchange Act of 1934
For the month of March 2026
Commission File Number: 001-39766
ORLA MINING LTD.
(Translation of registrant's name into English)
Suite 2020 - 666 Burrard Street
Vancouver, BC
V6C 2X8
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ORLA MINING LTD.. | ||
| Date: March 2, 2026 | /s/ Etienne Morin | |
|
Name: Etienne Morin Title: Chief Financial Officer
| ||
EXHIBIT INDEX
| Exhibit | Description of Exhibit | |
| 99.1 | Press Release dated March 2, 2026 |
Exhibit 99.1
| News Release | |
Orla Mining Files Updated Technical Report for South Railroad Gold Project in Nevada
VANCOUVER, BC, March 2, 2026 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that the Company has filed an updated independent technical report for South Railroad (the "South Railroad Technical Report"), which was prepared in accordance with National Instrument ("NI") 43-101. The South Railroad Gold Project ("South Railroad" or the "Project") is located in Nevada, USA, and forms a part of the Company's larger South Carlin Complex ("South Carlin") land package on the prolific Carlin Trend. The South Railroad Technical Report now includes a construction-ready feasibility study backed by advanced engineering and expanded metallurgical testing. Key enhancements include a two-stage crushing circuit for improved recoveries and a comprehensive execution plan to support the project's transition into development.
The detailed technical report is now available on SEDAR+ and EDGAR under the Company's profile at www.sedarplus.ca and www.sec.gov, respectively. The technical report is now also available on Orla's website at www.orlamining.com.
Orla is currently transitioning to the execution phase, focusing on detailed engineering, construction readiness, and long-lead procurement. Full construction is expected to commence in mid-2026, pending the receipt of final project permits. The development is expected to be funded through operating cash flow and cash on hand. For further details, please refer to the summary highlights in the January 15, 2026, news release.
Qualified Persons Statement
The scientific and technical information in this news release was reviewed and approved by Mr. J. Andrew Cormier, P. Eng., Chief Operating Officer of the Company, who is the Qualified Person as defined under NI 43-101 standards.
About Orla Mining Ltd.
Orla's corporate strategy is to acquire, develop, and operate mineral properties where the Company's expertise can substantially increase stakeholder value. The Company has three material projects, consisting of two operating mines and one development project, all 100% owned by the Company: (1) Camino Rojo, in Zacatecas State, Mexico, an operating gold and silver open-pit and heap leach mine and the potential underground Project. The property covers over 139,000 hectares which contains a large oxide and sulphide Mineral Resource; (2) Musselwhite Mine, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced close to 6 million ounces of gold, with a long history of resource growth and conversion; and (3) South Railroad (South Carlin Complex), in Nevada, United States, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend. The technical reports for the Company's material projects are available on Orla's website at www.orlamining.com, and on SEDAR+ and EDGAR under the Company's profile at www.sedarplus.ca and www.sec.gov, respectively, other than the new technical report for Camino Rojo which will be available within 45 days of the Company's February 19, 2026 press release.
Forward-looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities legislation and within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, including, without limitation, statements regarding: the timing of construction and development at South Railroad; the results and benefits of the feasibility study; the Company's ability to finance development of South Railroad through operating cash flow and cash on hand; and the Company's goals and strategies. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold and silver; anticipated costs and the Company's ability to fund the development of the South Railroad Project and its other programs; the Company's ability to carry on exploration, development, and mining activities; the Company's ability to successfully integrate the Musselwhite Mine; tonnage of ore to be mined and processed; ore grades and recoveries; decommissioning and reclamation estimates; currency exchange rates remaining as estimated; prices for energy inputs, labour, materials, supplies and services remaining as estimated; the Company's ability to secure and to meet obligations under property agreements, including the layback agreement with Fresnillo plc; that all conditions of the Company's credit facility will be met; the timing and results of drilling programs; mineral reserve and mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company's mineral properties; that political and legal developments will be consistent with current expectations; the timely receipt of required approvals and permits, including those approvals and permits required for successful project permitting, construction, and operation of South Railroad; the timing of cash flows; the costs of operating and exploration expenditures; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; and that there will be no material adverse change or disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: uncertainty and variations in the estimation of mineral resources and mineral reserves; risks related to the Company's indebtedness and gold prepayment; risks related to exploration, development, and operation activities; foreign country and political risks, including risks relating to foreign operations; tailings risks; reclamation costs; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; loss of, delays in, or failure to get access from surface rights owners; uncertainties related to title to mineral properties; water rights; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; financing risks and access to additional capital; risks related to guidance estimates and uncertainties inherent in the preparation of feasibility studies; uncertainty in estimates of production, capital, and operating costs and potential production and cost overruns; the fluctuating price of gold and silver; risks related to the Cerro Quema Project; unknown labilities in connection with acquisitions; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; volatility in the market price of the Company's securities; assessments by taxation authorities in multiple jurisdictions; foreign currency fluctuations; the Company's limited operating history; litigation risks; the Company's ability to identify, complete, and successfully integrate acquisitions; intervention by non-governmental organizations; outside contractor risks; risks related to historical data; risks related to the Company's foreign subsidiaries; risks related to the Company's accounting policies and internal controls; the Company's ability to satisfy the requirements of Sarbanes–Oxley Act of 2002; enforcement of civil liabilities; the Company's status as a passive foreign investment company (PFIC) for U.S. federal income tax purposes; information and cyber security; gold industry concentration; shareholder activism; other risks associated with executing the Company's objectives and strategies; as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 18, 2025, which are available on www.sedarplus.ca and www.sec.gov. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
For further information, please contact:
Jason Simpson
President & Chief Executive Officer
Andrew Bradbury
Vice President, Investor Relations & Corporate Development
www.orlamining.com
info@orlamining.com
SOURCE Orla Mining Ltd.
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%CIK: 0001680056
CO: Orla Mining Ltd.
CNW 06:00e 02-MAR-26