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Stock impact report

Orla Mining Announces Strategic Expansion into Canada with Acquisition of the Musselwhite Gold Mine [Yahoo! Finance]

Orla Mining Ltd. Common Shares (ORLA) 
Company Research Source: Yahoo! Finance
Orla to Become a Premier, North America-Focused, Multi-Asset, Low Cost, Producing Gold Company. VANCOUVER, BC Nov. 18, 2024 /CNW/ - Orla Mining Ltd . (TSX: OLA) (NYSE: ORLA) (" Orla " or the " Company ") is pleased to announce it has entered into a definitive agreement (the " Agreement ") to acquire the Musselwhite Gold Mine (" Musselwhite ") in Ontario from Newmont Corporation (" Newmont ") for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million (the " Transaction The cash consideration will be financed through a combination of cash, existing undrawn debt capacity, new indebtedness, a gold pre-pay facility, and convertible notes led by Orla's existing cornerstone investors. There is no upfront equity dilution associated with the Transaction. The Transaction adds a second high quality, high margin producing asset to Orla's portfolio. The combination of the proven Musselwhite mine and Orla's low-cost Camino Rojo oxide operatio Show less Read more
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