Orla Mining Ltd (ORLA) News & EventsORLANews & EventsOrla Mining Ltd

Equinox Gold and Orla Mining Complete Business Combination

Equinox Gold (EQX) and Orla Mining (ORLA) are announced the successful completion of their previously announced business combination. The combined company is expected to produce approximately 1.1M ounces of gold annually. Upon closing of the transaction, Ross Beaty has stepped down as chairman of the board and has been appointed chairman emeritus and special advisor to the board. Chuck Jeannes has been appointed incoming chairman of the board. Equinox Gold intends to cause Orla to delist the Orla shares from the Toronto Stock Exchange and NYSE American Stock Exchange, apply to cease to be a reporting issuer, and otherwise terminate its public company reporting requirements as soon as possible.

Equinox Gold Shareholders Approve Merger with Orla Mining

Equinox Gold (EQX) announced that Equinox Gold shareholders have approved the share issuance resolution at a Special Meeting of Shareholders held this morning in connection with the proposed business combination with Orla Mining (ORLA). Orla securityholders also approved the arrangement at their meeting held earlier today, Equinox noted. "With approval by Equinox Gold shareholders and Orla securityholders in hand, Orla will seek a final order from the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on, or about July 28, 2026. In addition to court approvals, the Arrangement is subject to applicable regulatory approvals, including both Canadian and Mexican competition authorization, which have both been received, approval of the listing of the Equinox Gold common shares to be issued under the Arrangement on the Toronto Stock Exchange and NYSE American Exchange, and the satisfaction of certain other closing conditions customary for an Arrangement of this nature. If all conditions are satisfied or waived, the Arrangement is expected to close on July 31," the company stated.

Orla Mining Reports Q2 Gold Production of 88,265 Ounces

Orla Mining provided an operational update for the second quarter ended June 30. The company produced 88,265 ounces of gold in the second quarter and 169,471 ounces of gold in the first half of the year, driven by outperformance at Musselwhite. Orla remains on track to achieve 2026 production guidance of 340,000 to 360,000 ounces of gold and all-in sustaining cost guidance of $1,550 to $1,750 per ounce of gold sold.