The Mexican federal environmental department has approved Toronto-listed Orla Mining’s environmental impact statement, or MIA, which is required for the development of the Camino Rojo oxide gold project.
The receipt of the MIA also satisfies one of the key conditions precedent to the drawdown of the remaining $100-million available on the $125-million project finance facility.
CEO Jason Simpson says construction can now get under way, keeping the company on schedule to produce its first gold in 2021.