Orla Mining Ltd (TSX:OLA)

Q1 2026 Orla Mining Ltd Earnings Call Transcript

May 11, 2026 / 02:00 PM GMT

Release Date Price: C$20.25 (-1.36%)

Transcript

Key Points

Positve

Orla Mining Ltd (ORLA) produced over 81,000 ounces of gold in Q1 2026, setting a strong foundation for the year.
The company confirmed the extension of high-grade mineralization at Muscle White, reinforcing the potential for a material extension of the mine's life.
Orla Mining Ltd (ORLA) received a major regulatory milestone with the environmental permit for Camino Rojo, allowing further development.
The South Railroad project in Nevada is advancing with expected final permits mid-year, setting the stage for full construction.
Orla Mining Ltd (ORLA) maintains a strong cash position with $427 million, allowing self-funding of key projects and exploration initiatives.

Negative

The company faces cost inflation pressures, particularly in labor and diesel prices, which could impact operating costs.
Orla Mining Ltd (ORLA) has a significant amount of gold left to deliver under the gold prepay, which could affect cash flow.
There are execution risks associated with the underground exploration decline at Camino Rojo, which could impact timelines.
The company paid substantial tax-related payments in Q1, impacting cash flow, including a $118 million tax payment for 2025 income.
Orla Mining Ltd (ORLA) is addressing findings from the CUSMA Rapid Response Labor Mechanism, which could require additional resources and focus.

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

OLA.TO - Orla Mining Ltd
Q1 2026 Orla Mining Ltd Earnings Call
May 11, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to Orla Mining first quarter 2026 results. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again.

I will now hand the conference over to Andrew Bradbury, Vice President, Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury.

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Unidentified_2 [2]
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Thank you, Christine. Welcome to Orla's first-quarter 2026 results conference call. We will

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