05:17 PM EST, 01/21/2025 (MT Newswires) -- Orla Mining ( ORLA ) on Tuesday said shareholders voted to approve the $810-million acquisition of the Musselwhite gold mine in northwest Ontario from Newmont ( NEM ) .

.

The company said the vote on the purchase and a concurrent financing was nearly unanimous, with more than 99% of shares voted in favor.

Orla agreed to the acquisition in November, which includes the purchase price as well $40 million in gold-price linked contingent consideration. The mine produces more than 200,000 ounces of gold per year.

The transaction is expected to close in the first quarter 2025.

Orla shares closed up $0.15 to $8.55 on the Toronto Stock Exchange.