Orla Mining (OLA) Registration Filing summary

Company overview and business model

• Operates as a Canadian mining company with listings on TSX and NYSE American, focusing on acquiring, exploring, developing, and operating mineral properties to increase stakeholder value.

• Holds three material gold projects: Camino Rojo (Mexico), South Railroad (Nevada, US), and Musselwhite (Ontario, Canada).

• Camino Rojo is an open pit, heap leach gold mine in commercial production since April 2022, with ongoing exploration and expansion activities.

• Recent developments include the acquisition of Musselwhite Mine, new resource estimates, and ongoing exploration and permitting milestones.

Financial performance and metrics

• Financial statements are prepared in accordance with IFRS and reported in US dollars; Musselwhite mine financials are in US GAAP.

• As of September 15, 2025, 337,297,236 common shares and $200 million in senior unsecured convertible notes are outstanding.

• Camino Rojo's operating phase includes sustaining capital costs of $34.4 million and total operating costs of $460.8 million over the LOM.

• Gold recoveries at Camino Rojo average 63% since operations began, with modeled recoveries aligning with actual production.

Use of proceeds and capital allocation

• Net proceeds from any offering will be allocated at management's discretion and described in the relevant prospectus supplement.

• Management has broad discretion over the use and timing of proceeds, which may be reallocated as deemed necessary.