ORLA•ORLA•Orla Mining’s merger with Equinox Gold aims to form a producer targeting 1.1 million ounces of output and $3.4 billion in EBITDA by 2026. The company restarted its Camino Rojo mine after a six-day union blockade and reaffirmed 2026 guidance of 110,000–120,000 ounces with all safety controls intact.
Orla Mining has agreed on terms to merge with Equinox Gold, aiming to create a North American senior gold producer. The combined entity targets annual output of 1.1 million ounces by 2026 and projected EBITDA of $3.4 billion. This merger is designed to leverage complementary assets and scale operations across multiple jurisdictions, potentially lowering unit costs and enhancing shareholder value through expanded reserves and increased cash flow.
Operations at the Camino Rojo open-pit heap leach mine resumed after a six-day work stoppage and blockade initiated by unionized workers over productivity bonus and profit-sharing negotiations. Meetings held on June 3 with union leaders and the Mexican Federal Labour Conciliation Authority resulted in a directive to lift the blockade. Orla maintained safety and environmental controls during the disruption and will continue dialogue on the bonus once full operations are restored.
Orla Mining reaffirmed its 2026 gold production guidance for Camino Rojo at 110,000–120,000 ounces, up from 96,764 ounces produced in 2025. The site holds proven and probable reserves of 900,000 ounces and measured and indicated resources of five million ounces across a 138,636-hectare land package. The guidance assumes no further disruptions and reflects ongoing operational stability at the asset.
