Form SD - Specialized disclosure report
25 Julho 2024 - 6:18PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
Orla Mining Ltd.
(Exact name of registrant as specified in its charter)
British Columbia, Canada | 001-39766 |
(State or other jurisdiction of incorporation) | (Commission File Number) |
1010-1075 West Georgia Street
Vancouver, British Columbia | V6E 3C9 |
(Address of principal executive offices) | (Zip code) |
Etienne Morin, 604-564-1852
(Name and telephone number, including area code, of person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed.
☐Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31,_________.
| ☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. |
SECTION 1 – CONFLICT MINERALS DISCLOSURE
Item 1.01 - Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 - Exhibit
Not applicable
SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
Orla Mining Ltd. (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://orlamining.com/investors/annual-filings/ or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198 . The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
SECTION 3 – EXHIBITS
Item 3.01. Exhibits
The following exhibit is filed as part of this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.
ORLA MINING LTD. | July 25, 2024 |
| |
| (Date) |
| | |
By: | /s/ Etienne Morin | |
Name: | Etienne Morin |
Title: | Chief Financial Officer |
Exhibit 2.01
UNCLASSIFIED - NON CLASSIFIÉ
Extractive Sector Transparency Measures Act - Annual Report | 
|
Reporting Entity Name | ORLA MINING LTD. | |
Reporting Year | From | 1/1/2023 | To: | 12/31/2023 | Date submitted | 5/1/2024 | |
Reporting Entity ESTMA Identification Number | E640923 |  Original Submission
 Amended Report
| | |
Other Subsidiaries Included (optional field) | | |
| |
Not Consolidated | | |
| |
Not Substituted | | |
| |
Attestation by Reporting Entity | | |
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | |
| |
| |
Full Name of Director or Officer of Reporting Entity | Etienne Morin | Date | 4/18/2024 | |
Position Title | Chief Financial Officer | | | |
UNCLASSIFIED - NON CLASSIFIÉ
Extractive Sector Transparency Measures Act - Annual Report |
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | | | |
Reporting Entity Name | ORLA MINING LTD. | Currency of the Report | CAD | | | |
Reporting Entity ESTMA
Identification Number | E640923 | | | | | |
Subsidiary Reporting
Entities (if necessary) | | | |
Payments by Payee |
| | | | | | | | | | | |
Country | Payee Name1 | Departments, Agency, etc… within Payee that
Received Payments | Taxes | Royalties | Fees | Production Entitlemengts | Bonuses | Dividends | Infrastructure
Improvement Payments | Total Amount paid to
Payee | Notes |
United States of America | Government of the United States of America | Bureau of Land Management | - | - | 853,849 | - | - | - | - | 853,849 | Annual fees for mining claims and Environmental Impact Statement processing cost recovery fee |
United States of America | State of Nevada | Nevada Department of Taxation, Division of Environmental Protection and Water Resources | 30,046 | - | 108,943 | - | - | - | - | 138,988 | Permit Fees and Modified Business Tax |
Panama | Government of Panama | National Treasury of Panama | 80,972 | - | 118,514 | - | - | - | - | 199,486 | Annual fees for mining concessions, licenses, and taxes |
Mexico | Government of Mexico | Mexican Social Security Institute | 1,062,472 | - | - | - | - | - | - | 1,062,472 | Social security and retirement taxes |
Mexico | Government of Mexico | Institute of National Workers Housing Fund | 299,345 | - | - | - | - | - | - | 299,345 | Payroll taxes related to housing |
Mexico | State of Zacatecas | Ministry of Finance | 614,466 | - | - | - | - | - | - | 614,466 | State taxes on payroll and Ecological taxes |
Mexico | Municipality of Mazapil | Municipality Treasury | 301,347 | - | - | - | - | - | - | 301,347 | Property taxes |
Mexico | Government of Mexico | Tax Administration Services (SAT) | 78,552,228 | 1,472,843 | 4,477,910 | - | - | - | - | 84,502,981 | Royalties on precious metals revenue; permit and concession fees; mining taxes; and corporate income taxes |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Additional Notes: | Payments in Mexico were made in MXN and converted to CAD using the average rate for the year ended December 31, 2023, where 1 CAD = 13.1493 MXN. Payments in Panama and the United States of America were made in USD and converted to CAD using the average exchange rate for the year ended December 31, 2023, where 1 CAD = 0.7410 USD. |
UNCLASSIFIED - NON CLASSIFIÉ
| | | | | | | | | | |
Extractive Sector Transparency Measures Act - Annual Report |
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | |
Reporting Entity Name | ORLA MINING LTD. | Currency of the Report | CAD |
Reporting Entity ESTMA
Identification Number | E640923 | | |
Subsidiary Reporting Entities (if
necessary) | | | |
Payments by Project |
Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 |
Panama | Cerro Quema | 80,971.66 | - | 118,514 | - | - | - | - | 199,486 | |
Mexico | Camino Rojo | 80,829,858 | 1,472,843 | 4,477,910 | - | - | - | - | 86,780,611 | |
United States of America | Souht Railroad | 30,046 | - | 768,822 | - | - | - | - | 798,867 | |
United States of America | Monitor Gold | - | - | 109,800 | - | - | - | - | 109,800 | |
United States of America | Lewis | - | - | 84,170 | - | - | - | - | 84,170 | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
Additional Notes3: | Payments in Mexico were made in MXN and converted to CAD using the average rate for the year ended December 31, 2023, where 1 CAD = 13.1493 MXN Payments in Panama and the United States of America were made in USD and converted to CAD using the average exchange rate for the year ended December 31, 2023, where 1 CAD = 0.7410 USD. |
v3.24.2
| X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
| Name: |
dei_AmendmentFlag |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
| Name: |
dei_DocumentPeriodEndDate |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:dateItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
| Name: |
dei_DocumentType |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:submissionTypeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityCentralIndexKey |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:centralIndexKeyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityRegistrantName |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe three character ISO 4217 code for the currency used for reporting purposes. Example: 'USD'.
| Name: |
dei_EntityReportingCurrencyISOCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:currencyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
v3.24.2
Payments, by Category - CAD ($)
|
Taxes |
Royalties |
Fees |
Total Payments |
| Total |
$ 80,940,876
|
$ 1,472,843
|
$ 5,559,216
|
$ 87,972,934
|
v3.24.2
Payments, by Project - 12 months ended Dec. 31, 2023 - CAD ($)
|
Taxes |
Royalties |
Fees |
Total Payments |
| Total |
$ 80,940,876
|
$ 1,472,843
|
$ 5,559,216
|
$ 87,972,934
|
| Cerro Quema |
|
|
|
|
| Total |
80,971.66
|
|
118,514
|
199,486
|
| Camino Rojo |
|
|
|
|
| Total |
80,829,858
|
$ 1,472,843
|
4,477,910
|
86,780,611
|
| Souht Railroad |
|
|
|
|
| Total |
$ 30,046
|
|
768,822
|
798,867
|
| Monitor Gold |
|
|
|
|
| Total |
|
|
109,800
|
109,800
|
| Lewis |
|
|
|
|
| Total |
|
|
$ 84,170
|
$ 84,170
|
| X |
- Details
| Name: |
rxp_ProjectAxis=orla_ProjectCerroQuemaMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_ProjectAxis=orla_ProjectCaminoRojoMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_ProjectAxis=orla_ProjectSouhtRailroadMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_ProjectAxis=orla_ProjectMonitorGoldMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_ProjectAxis=orla_ProjectLewisMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
v3.24.2
Payments, by Government - 12 months ended Dec. 31, 2023 - CAD ($)
|
Taxes |
Royalties |
Fees |
Total Payments |
| Total |
$ 80,940,876
|
$ 1,472,843
|
$ 5,559,216
|
$ 87,972,934
|
| MEXICO | Government of Mexico, Mexican Social Security Institute |
|
|
|
|
| Total |
1,062,472
|
|
|
1,062,472
|
| MEXICO | Government of Mexico, Institute of National Workers Housing Fund |
|
|
|
|
| Total |
299,345
|
|
|
299,345
|
| MEXICO | State of Zacatecas, Ministry of Finance |
|
|
|
|
| Total |
614,466
|
|
|
614,466
|
| MEXICO | Municipality of Mazapil, Municipality Treasury |
|
|
|
|
| Total |
301,347
|
|
|
301,347
|
| MEXICO | Government of Mexico, Tax Administration Services (SAT) |
|
|
|
|
| Total |
78,552,228
|
$ 1,472,843
|
4,477,910
|
84,502,981
|
| PANAMA | Government of Panama, National Treasury of Panama |
|
|
|
|
| Total |
80,972
|
|
118,514
|
199,486
|
| UNITED STATES | Government of the United States of America, Bureau of Land Management |
|
|
|
|
| Total |
|
|
853,849
|
853,849
|
| UNITED STATES | State of Nevada, Nevada Department of Taxation, Division of Environmental Protection and Water Resources |
|
|
|
|
| Total |
$ 30,046
|
|
$ 108,943
|
$ 138,988
|
| X |
- Details
| Name: |
rxp_CountryAxis=country_MX |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_GovernmentOfMexicoMexicanSocialSecurityInstituteMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_GovernmentOfMexicoInstituteOfNationalWorkersHousingFundMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_StateOfZacatecasMinistryOfFinanceMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_MunicipalityOfMazapilMunicipalityTreasuryMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_GovernmentOfMexicoTaxAdministrationServicesSatMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_CountryAxis=country_PA |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_GovernmentOfPanamaNationalTreasuryOfPanamaMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_CountryAxis=country_US |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_GovernmentOfUnitedStatesOfAmericaBureauOfLandManagementMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_GovernmentAxis=orla_StateOfNevadaNevadaDepartmentOfTaxationDivisionOfEnvironmentalProtectionAndWaterResourcesMember |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
v3.24.2
Payments, Details - 12 months ended Dec. 31, 2023 - CAD ($)
|
Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
| #: 1 |
|
|
|
|
|
|
|
$ 853,849
|
Fees
|
UNITED STATES
|
|
Government of the United States of America, Bureau of Land Management
|
Monitor Gold
|
| #: 2 |
|
|
|
|
|
|
|
30,046
|
Taxes
|
UNITED STATES
|
snj:US-NV
|
State of Nevada, Nevada Department of Taxation, Division of Environmental Protection and Water Resources
|
Souht Railroad
|
| #: 3 |
|
|
|
|
|
|
|
108,943
|
Fees
|
UNITED STATES
|
snj:US-NV
|
State of Nevada, Nevada Department of Taxation, Division of Environmental Protection and Water Resources
|
Lewis
|
| #: 4 |
|
|
|
|
|
|
|
80,972
|
Taxes
|
PANAMA
|
|
Government of Panama, National Treasury of Panama
|
Cerro Quema
|
| #: 5 |
|
|
|
|
|
|
|
118,514
|
Fees
|
PANAMA
|
|
Government of Panama, National Treasury of Panama
|
Cerro Quema
|
| #: 6 |
|
|
|
|
|
|
|
1,062,472
|
Taxes
|
MEXICO
|
|
Government of Mexico, Mexican Social Security Institute
|
Camino Rojo
|
| #: 7 |
|
|
|
|
|
|
|
299,345
|
Taxes
|
MEXICO
|
|
Government of Mexico, Institute of National Workers Housing Fund
|
Camino Rojo
|
| #: 8 |
|
|
|
|
|
|
|
614,466
|
Taxes
|
MEXICO
|
snj:MX-ZAC
|
State of Zacatecas, Ministry of Finance
|
Camino Rojo
|
| #: 9 |
|
|
|
|
|
|
|
301,347
|
Taxes
|
MEXICO
|
snj:MX-ZAC
|
Municipality of Mazapil, Municipality Treasury
|
Camino Rojo
|
| #: 10 |
|
|
|
|
|
|
|
78,552,228
|
Taxes
|
MEXICO
|
|
Government of Mexico, Tax Administration Services (SAT)
|
Camino Rojo
|
| #: 11 |
|
|
|
|
|
|
|
1,472,843
|
Royalties
|
MEXICO
|
|
Government of Mexico, Tax Administration Services (SAT)
|
Camino Rojo
|
| #: 12 |
|
|
|
|
|
|
|
$ 4,477,910
|
Fees
|
MEXICO
|
|
Government of Mexico, Tax Administration Services (SAT)
|
Camino Rojo
|
| X |
- Details
| Name: |
rxp_PmtAxis=1 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=2 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=3 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=4 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=5 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=6 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=7 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=8 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=9 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=10 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=11 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
| X |
- Details
| Name: |
rxp_PmtAxis=12 |
| Namespace Prefix: |
|
| Data Type: |
na |
| Balance Type: |
|
| Period Type: |
|
|
Orla Mining (AMEX:ORLA)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Orla Mining (AMEX:ORLA)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024
