05:23 PM EDT, 09/23/2025 (MT Newswires) -- Orla Mining ( ORLA ) after trade Tuesday said that Scott Langley has stepped down from its board of directors, effective immediately.
Langley had been nominated by Newmont ( NEM ) , but Newmont's ( NEM ) investor rights agreement with Orla ended after it sold its shares in the company. Orla's board does not plan to make any additional changes at this time, the company added.
"With Newmont's ( NEM ) disposition of their holding in Orla, we welcome a new and broader group of investors as we grow our business," Orla chair Orla Chuck Jeannes said.
Newmont ( NEM ) said on Sept. 19 that it completed the sale of its 13.3% stake in Orla for US$439 million in proceeds. It divested 43 million shares through TSX facilities at $10.14 each.
Orla shares closed unchanged at $15.00 on the Toronto Stock Exchange.