Orla Mining reports strong economics for Camino Rojo underground
- •Just read this article over my morning coffee and wanted to share it with you all.
- •Orla Mining just put out their PEA for the Camino Rojo underground, and it's looking pretty sweet.
- •That's seriously impressive, especially for an underground operation right below an existing pit.
Just read this article over my morning coffee and wanted to share it with you all. Orla Mining just put out their PEA for the Camino Rojo underground, and it's looking pretty sweet. You can check out the full article here: https://www.mining.com/orla-mining-reports-strong-economics-in-camino-rojo-underground-pea/
My first thought was, wow, an 80% IRR at $1700 gold? That's seriously impressive, especially for an underground operation right below an existing pit. Usually, undergrounds can be a bit more capital-intensive and have slightly lower margins, but the existing infrastructure and proven resource base seem to be giving them a massive leg up. I've been eyeing Orla for a while, mostly for their current producing open pit, which has been performing consistently. This underground development just adds a significant layer of future growth and longevity to the asset, which is great for long-term holders like myself. I've got a small position in my retirement portfolio, and seeing numbers like these definitely makes me feel more confident about it.
What do you guys think? Is this PEA strong enough to justify a bigger position or is it too early to get excited? Are any of you already invested in Orla, and if so, how are you feeling about this news? Always keen to hear different perspectives as I'm always trying to learn and adapt my strategies – especially with my kids' college funds looming!