08:26 AM EDT, 10/15/2024 (MT Newswires) -- Orla Mining ( ORLA ) at last look traded up 2.2% to a 52-week high in U.S. premarket trading after saying it had paid back in full its US$58.4 million revolving credit facility.

Orla now has US$120 million cash on hand and a US$150 million credit facility that will remain in place until August 2027.

"Paying down the remaining outstanding balance on our credit facility, only in our third year of operations, is a testament to the robust cash generation from our Camino Rojo Mine said Chief Executive Etienne Morin. "Our continued financial discipline coupled with the increasing gold price has strengthened our financial position and accelerated this repayment."

Orla was last seen up US$0.10, to US$4.65 in U.S. premarket trade.