The Company operates in Mexico and faces risks related to cartel activity and ongoing investigations at its Camino Rojo mine. It is cooperating with authorities including the Office of the Attorney General in Mexico, the Royal Canadian Mounted Police in Canada, and the United States Department of Justice. Changes to Mexican mining laws effective May 9, 2023, introduce new restrictions on mining concessions, water use, and financial guarantees for social impact assessments. The Company filed an Amparo legal challenge in the Second District Court of the State of Zacatecas, which was dismissed and is currently under appeal. The overall impact of these legal and regulatory changes on the Company remains uncertain.
Orla Mining Ltd's Comment on Supply Chain
The Company operates in Mexico and faces risks related to cartel activity and ongoing investigations at its Camino Rojo mine. It is cooperating with authorities including the Office of the Attorney General in Mexico, the Royal Canadian Mounted Police in Canada, and the United States Department of Justice. Changes to Mexican mining laws effective May 9, 2023, introduce new restrictions on mining concessions, water use, and financial guarantees for social impact assessments. The Company filed an Amparo legal challenge in the Second District Court of the State of Zacatecas, which was dismissed and is currently under appeal. The overall impact of these legal and regulatory changes on the Company remains uncertain.
Sources:
Orla Mining Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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