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Orla Mining (NYSE:ORLA) +2.2% in Wednesday’s trading after reporting Q2 gold production at its Camino Rojo oxide mine in Mexico increased 11% Y/Y to 33,206 oz, well above analyst expectations of 29.5K oz according to FactSet.
The company said it mined 1.9M metric tons of ore in the period and 3.85M tons of ore during the first six months of this year.
Orla Mining (ORLA) said it had cash of $154.3M and total debt of $78.4M as of June 30, resulting in a net cash position of $75.9M.