Q3 2024 Orla Mining Ltd Earnings Call Transcript

Nov 13, 2024 / 03:00 PM GMT

Transcript

Key Points

Positve

Orla Mining Ltd (ORLA) achieved a new quarterly record by producing nearly 43,000 ounces of gold.
The company increased its full-year production guidance to 130,000 to 140,000 ounces of gold, indicating strong operational performance.
Orla Mining Ltd (ORLA) reported record revenue of $99 million for the quarter, driven by higher gold sales and prices.
The company became debt-free only 2.5 years after achieving commercial production, enhancing its financial stability.
Orla Mining Ltd (ORLA) has a strong cash position with approximately $145 million in cash and a $150 million revolving credit facility, providing nearly $300 million in total liquidity.

Negative

The average gold grade of ore processed during the third quarter was 0.9 grams per ton, and grades are expected to decrease slightly in the fourth quarter.
The strip ratio increased in the second half of the year, which may impact mining costs.
Permitting processes for expansion projects are ongoing, with potential delays in receiving approvals.
Exploration and project costs were high at $17.4 million for the quarter, representing peak spending for the year.
The company needs to manage the recovery profile changes as it mines deeper into the oxide pit, which could affect future production.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OLA.TO - Orla Mining Ltd
Q3 2024 Orla Mining Ltd Earnings Call
Nov 13, 2024 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Committed to the health and safety of the team.

During the quarter, we mined over 1.9 million tons of ore at a strip ratio of 1.46.

The increased script ratio in the second half is in line with the mind sequence planned for the year.

The average gold grade of ore processed during the third quarter was 0.9 grade grams per ton.

We expect that in the fourth quarter grades will come down slightly while remaining in line with the plan.

We also achieved an average stacking rate of 18,434 tons of ore per day.

The recovery improvement program continues to show positive results and we have demonstrated that we can maintain the crushing and stacking rates.

We are pleased with positive

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