Orla Mining Ltd

OLA

Equity

ISIN CA68634K1066 / Valor 34907758

Toronto Stock Exchange (2024-12-24)

CAD 7.92-0.50%

Orla Mining Ltd
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About company

Orla Mining Ltd is a mining company with a focus on investor relations, corporate development, and strategic management. The company has experienced executives with backgrounds in the natural resources sector, including geology, exploration, and corporate leadership roles. Orla Mining aims to expand and diversify its production and asset base, with a particular focus on gold mining operations. The company's team has a track record of successful commercial transactions and value-adding orebody discoveries, positioning Orla Mining as a key player in the mining industry.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Orla Mining Ltd. reported revenue of $84.6 million for the second quarter of 2024, reflecting a significant increase driven by higher gold sales and improved gold prices. Year-to-date revenue stands at $151.8 million, showcasing the company's strong performance in the first half of the year.

Gold Production and Sales

In the second quarter of 2024, Orla Mining Ltd. produced 33,206 ounces of gold and sold 34,875 ounces. The company has increased its full-year gold production guidance to a range of 120,000 to 130,000 ounces, up from the initial guidance of 110,000 to 120,000 ounces, due to better-than-expected performance at the Camino Rojo mine.

Cost Management

Orla Mining Ltd. reported an all-in sustaining cost (AISC) of $782 per ounce of gold sold in the second quarter of 2024. The year-to-date AISC is $843 per ounce, and the company has improved its full-year AISC guidance to a range of $800 to $900 per ounce, down from the original guidance of $875 to $975 per ounce.

Net Income and Earnings

For the second quarter of 2024, Orla Mining Ltd. achieved a net income of $24.3 million, or $0.08 per share. Adjusted earnings for the quarter were $23.0 million, or $0.07 per share, indicating strong profitability and efficient cost management.

Cash Flow and Financial Position

Orla Mining Ltd. generated $53.2 million in cash flow from operating activities before changes in non-cash working capital during the second quarter of 2024. The company's cash balance as of June 30, 2024, was $154.3 million, an increase of $36.2 million over the previous quarter, highlighting robust cash flow generation and a strengthened financial position.

Summarized from source with an LLMView Source

Key figures

76.0%1Y

61.3%3Y

304%5Y

Performance

45.7%1Y

51.6%3Y

56.8%5Y

Volatility