Orla Mining (ORLA) said Monday it produced 47,759 ounces of gold from its Camino Rojo and Musselwhite mines during Q1, with sales totaling 46,356 ounces.
The company said its Camino Rojo mine in Mexico produced 29,973 ounces of gold in Q1, while its recently acquired Musselwhite mine in Canada produced 17,786 ounces of gold in March.
Camino Rojo is on track to hit its goal of producing 110,000 to 120,000 ounces of gold for the year, the company said.
As of March 31, Orla said it had $184.2 million in cash and $450 million in debt.
Shares of the company were up 2.4% in recent trading.
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