SEC Filing Summary for Orla Mining Ltd. - Form 6-K

This report details the technical and economic assessment of Orla Mining Ltd.'s Camino Rojo Project in Zacatecas State, Mexico. It presents updated Mineral Resources and Mineral Reserves as of September 30, 2025, and includes the results of a Preliminary Economic Assessment (PEA) for a potential stand-alone underground development project. The PEA evaluates an 8,000 tonnes per day processing plant designed to produce gold, zinc, and pyrite concentrates. The report confirms that the project has the necessary permits for current operations and is in the process of obtaining additional approvals for the underground development. Environmental and social risks are managed through a dedicated register and engagement plan. The company has an established policy and programs for environmental, sustainability, health, and safety. The existing infrastructure is deemed suitable for current operations. Mining operations commenced in late 2021, with commercial production achieved in 2022. The current heap leach processing rate in 2024 averaged approximately 20,000 metric tonnes per day, exceeding the design capacity. The report also notes that while gold recoveries are in line with predictions, silver recoveries have been lower than expected, though improving. The PEA, while preliminary and including inferred resources, demonstrates robust economics with a projected NPV(5%) of $1.3 billion and an after-tax IRR of 30% at $3,100/oz gold. Recommendations include updating the geological model, continuing diamond drilling to define vein geometry and increase resource confidence, and further exploration drilling to expand the resource base.