Core Viewpoint - Growth investors are increasingly interested in stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Orla Mining Ltd. (ORLA) is currently highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 76.9%, with projected EPS growth of 161% this year, significantly outperforming the industry average of 34.3% [5] Group 2: Financial Metrics - Orla Mining's year-over-year cash flow growth stands at 58.9%, well above the industry average of 10.7% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 49.7%, compared to the industry average of 15.5% [7] Group 3: Earnings Estimates - The current-year earnings estimates for Orla Mining have been revised upward, with the Zacks Consensus Estimate increasing by 41.8% over the past month [9] - The combination of a Growth Score of A and a Zacks Rank 2 indicates that Orla Mining is a strong candidate for growth investors [10][11]

Revenue and Earnings - Revenue for the three months ended March 31, 2025, was $140,670,000, a 109% increase compared to $67,278,000 in the same period of 2024[3] - Earnings from mining operations for Q1 2025 were $72,254,000, up from $38,702,000 in Q1 2024, representing an increase of 86.8%[3] - For the three months ended March 31, 2025, total revenue was $140.67 million, a significant increase of 109% compared to $67.28 million in the same period of 2024[31] - Gold revenue for the same period was $135.14 million, up from $65.97 million year-over-year, representing a growth of 105%[31] - Silver revenue increased to $5.53 million from $1.31 million, marking a growth of 323%[31] - The company reported a net loss of $69,832,000 for the three months ended March 31, 2025, compared to a profit of $17,485,000 in the same period of 2024[3] - Basic earnings per share for Q1 2025 was $(0.22), compared to $0.06 in Q1 2024, indicating a decline in profitability[3] - The company reported a loss of $69.8 million for the three months ended March 31, 2025, compared to a profit of $17.5 million in the same period of 2024, resulting in a basic loss per share of $(0.22)[100] Assets and Liabilities - Total assets increased significantly to $1,814,488,000 as of March 31, 2025, compared to $598,349,000 at the end of 2024, marking a 203% growth[2] - Current liabilities rose to $334,203,000 as of March 31, 2025, compared to $51,565,000 at the end of 2024, reflecting a significant increase[2] - Shareholders' equity decreased to $445,105,000 as of March 31, 2025, down from $507,445,000 at the end of 2024[2] - The company reported trade payables and accrued liabilities of $77.8 million as of March 31, 2025, compared to $22.6 million at December 31, 2024[63] - The total long-term debt as of March 31, 2025, was $416.3 million, including $148.8 million in revolving facility and $167.4 million in convertible notes[64] Cash Flow and Operating Activities - Cash provided by operating activities for Q1 2025 was $411,465,000, compared to $32,406,000 in Q1 2024, indicating a substantial increase[4] - The company reported changes in non-cash working capital of $10.235 million for the three months ended March 31, 2025, compared to $10.695 million in 2024[123] Acquisition and Investments - The company completed the acquisition of Musselwhite Mine Ltd. for $798,504,000 during the quarter[4] - The acquisition of Musselwhite Mine was completed for a total purchase consideration of $815.504 million, including an upfront payment of $798.504 million and contingent consideration of $17 million[47] - The company incurred acquisition-related costs of $10.2 million during Q1 2025, which were included in general and administrative expenses[47] - The company holds property, plant, and equipment valued at $1,330,709,000, with significant investments in Canada and Mexico[132] Expenses - For the three months ended March 31, 2025, total operating costs increased to $48.272 million from $18.109 million in the same period of 2024, representing a 167% increase[33] - Exploration and evaluation expenses rose to $8.879 million in Q1 2025, up from $4.744 million in Q1 2024, marking a 87% increase[35] - General and administrative expenses surged to $15.802 million in Q1 2025, compared to $3.869 million in Q1 2024, reflecting a 309% increase[36] - Interest and accretion expenses totaled $6.799 million for the three months ended March 31, 2025, compared to $2.075 million in the same period of 2024, indicating a 228% increase[37] Financial Instruments and Debt - The company issued $200 million of unsecured senior convertible notes on February 28, 2025, with a conversion price of C$7.90 per share[72] - The company is required to maintain a leverage ratio of less than or equal to 3.5 and an interest service coverage ratio greater than or equal to 4.0 as part of its debt covenants[76] - The company’s redemption right for the convertible notes is recognized as a derivative financial asset and measured at fair value through profit or loss[61] - The total financial liabilities amount to $542,445 thousand, with derivative liabilities at $125,000 thousand and convertible notes at $167,445 thousand[140] Tax and Legal Matters - Current income tax expense for Q1 2025 is $18,000 thousand, significantly higher than $5,894 thousand in Q1 2024[147] - The Mexican Special Mining Duty increased from 7.5% to 8.5% effective January 1, 2025, impacting tax expenses[147] - The company is involved in ongoing legal proceedings but does not anticipate any material impact on its financial position[144] Shareholder and Management Information - Key management personnel compensation increased to $3.362 million in Q1 2025 from $3.029 million in Q1 2024, driven by higher salaries and short-term incentives[119] - The company has 25,393,975 warrants outstanding as of March 31, 2025, with a weighted average exercise price of C$3.05[96] - The total number of Restricted Share Units (RSUs) outstanding increased to 1,092,986 in 2025 from 929,573 in 2024, with 383,066 RSUs awarded during the period[109] - The Performance Share Units (PSUs) outstanding rose to 683,513 in 2025 from 522,876 in 2024, with a total PSU liability of $3.6 million as of March 31, 2025[116][115] Market and Economic Conditions - The company is not economically dependent on any specific customers, with three customers contributing approximately 92% of total revenues[31] - The ecological tax in Zacatecas could significantly impact the economics of the Camino Rojo Project, with ongoing appeals filed by the company[143]

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 700 points on Monday. Shares of Orla Mining Ltd. ORLA fell sharply in today's pre-market trading following weak quarterly sales. Loading... Loading... ReShape Lifesciences Inc. RSLS shares dipped 22.7% to $5.15 in pre-market trading. ReShape Lifesciences filed for mixed shelf offering of up to $50 million. Global IBO Group Ltd GIBO declined 20.1% to $5.58 in pre-market trading after jumping 102% on Friday. Harmony Gold Minin ...

Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].

Financial Data and Key Metrics Changes - In Q4, the company sold 33,000 ounces of gold at a realized price of $2,669 per ounce, resulting in $93 million in revenue for the quarter [17] - The all-in sustaining costs for Q4 were $826 per ounce, lower due to higher gold sales and silver by-product credits [17] - For the full year, the all-in sustaining cost was $805 per ounce, making Camino Rojo one of the lowest cost gold mines globally [17] - Net earnings for Q4 were $26.1 million or $0.08 per share, with adjusted net earnings of $22 million or $0.07 per share [18] - Cash flow from operating activities before changes in noncash working capital was $46 million or $0.14 per share for the quarter [20] Business Line Data and Key Metrics Changes - During Q4, the company produced nearly 27,000 ounces of gold, achieving a record total of 137,000 ounces for the year, meeting the increased production guidance range of 130,000 to 140,000 ounces [13] - Preliminary gold production guidance for Camino Rojo in 2025 is set at 110,000 to 120,000 ounces [8] Market Data and Key Metrics Changes - The company announced the transformational acquisition of the Musselwhite Mine in Ontario, which is expected to more than double Orla's production profile [6][31] - The acquisition was funded through a combination of bank debt, senior unsecured convertible notes, and a prepaid facility, resulting in a current outstanding debt balance of $450 million [21][22] Company Strategy and Development Direction - The company plans to advance its exploration and development portfolio in Mexico, Nevada, and Canada, with a focus on the South Railroad project and the sulfide project at Camino Rojo [6][8] - An aggressive multi-year exploration program is planned for Musselwhite to enhance production rates and reduce operating costs [33] - The company aims to achieve a portfolio of three producing assets across Mexico, the United States, and Canada, targeting a production mark of 500,000 ounces [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the integration of Musselwhite and the expected permitting milestones in both Mexico and Nevada, with 2025 anticipated to be a catalyst-rich year [8][34] - The company is optimistic about the regulatory environment in Mexico, having had productive discussions with the new administration regarding permit applications [45] Other Important Information - The company has made significant strides in strengthening its ESG performance framework, receiving notable improvements in ESG ratings from Scotiabank and S&P Global [28] - The company fully repaid its outstanding balance on the revolving credit facility, achieving a debt-free status prior to the Musselwhite acquisition [21] Q&A Session Summary Question: Expectations for Musselwhite acquisition and cost savings - Management indicated that updated guidance will be provided in Q2, including expectations for all-in sustaining costs, and noted potential cost savings from previous investments made by Newmont [37][38] Question: Regulatory framework in Mexico regarding environmental permits - Management confirmed that the primary permit was resubmitted and expressed confidence in receiving the necessary permits this year following positive discussions with the new administration [43][45] Question: Progress on permitting for South Railroad - Management detailed the submission of supplemental environmental reports and the anticipated timeline for the notice of intent and record of decision, aiming for construction to begin in 2026 [46][48]

Production and Financial Performance - Fourth quarter gold production was 26,531 ounces, with total annual production for 2024 reaching 136,748 ounces, achieving the improved guidance range of 130,000 to 140,000 ounces[5]. - Net income for the fourth quarter was $26.1 million, or $0.08 per share, with adjusted earnings of $22.0 million, or $0.07 per share[5]. - Q4 2024 revenue reached $92,763 million, a 47.5% increase from $62,946 million in Q4 2023; year-to-date (YTD) revenue for 2024 was $343,918 million, up 47.2% from $233,643 million in YTD 2023[33]. - Gold sales in Q4 2024 were $88,856 million, compared to $61,780 million in Q4 2023, with ounces of gold sold increasing to 33,288 from 31,300 year-over-year[33]. - Adjusted earnings for Q4 2024 were $21,982 million, up 40% from $15,702 million in Q4 2023; YTD adjusted earnings were $81,070 million, a 69.8% increase from $47,751 million in YTD 2023[37]. - Free cash flow for Q4 2024 was $39,380 million, compared to a negative $8,159 million in Q4 2023; YTD free cash flow was $152,681 million, up from $23,568 million in YTD 2023[39]. Costs and Expenses - Fourth quarter all-in sustaining cost (AISC) was $826 per ounce, while full-year AISC was $805 per ounce, at the low end of the guidance range of $800 to $900 per ounce[5]. - Cash cost per ounce sold in Q4 2024 was $550, slightly higher than $536 in Q4 2023; YTD cash cost per ounce sold was $524, compared to $506 in YTD 2023[41]. - All-in sustaining cost per ounce sold in Q4 2024 was $826, up from $802 in Q4 2023; YTD all-in sustaining cost per ounce sold was $805, compared to $736 in YTD 2023[41]. - Exploration and evaluation expenses for Q4 2024 were $9,549 million, slightly higher than $9,316 million in Q4 2023; YTD exploration expenses were $34,595 million, compared to $34,616 million in YTD 2023[43]. Cash Flow and Financial Position - Cash flow from operating activities before changes in non-cash working capital during the fourth quarter was $46.0 million, with a cash balance of $161 million and no debt at year-end[5]. - The company ended 2024 with a net cash position of $160.8 million, significantly improved from $8.3 million in 2023[6]. - Net cash at the end of Q4 2024 was $160,849 million, significantly higher than $8,282 million at the end of Q4 2023[35]. Future Guidance and Investments - The acquisition of the Musselwhite Mine for $810 million plus $40 million in contingent consideration is expected to more than double Orla's gold production[5][9]. - The company plans to invest $30 million in exploration across Mexico and Nevada in 2025, with a focus on the Musselwhite Mine[14]. - Preliminary 2025 guidance includes gold production from Camino Rojo estimated at 110,000 to 120,000 ounces, with total cash costs projected between $625 and $725 per ounce sold[24]. Exploration Activities - Exploration activities in 2024 included 61,384 meters drilled, with significant results at the South Carlin Complex in Nevada[14][16]. Risks and Challenges - The company has outlined potential risks including fluctuations in gold prices, operational challenges, and regulatory compliance that may impact future performance[44]. - The company anticipates continued production growth and cost management improvements, with a focus on exploration and development expenditures in the upcoming periods[44].

Company Overview - Orla Mining Ltd. (ORLA) currently has a Momentum Style Score of B, indicating a positive outlook based on its recent performance metrics [2][11] - The company holds a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3][11] Performance Metrics - Over the past week, ORLA shares have increased by 17.02%, significantly outperforming the Zacks Mining - Gold industry, which rose by 4.55% during the same period [5] - In a longer timeframe, ORLA's monthly price change is 23.63%, compared to the industry's 8.8% [5] - Over the last quarter, ORLA shares have surged by 83.25%, and they have risen 106.29% over the past year, while the S&P 500 has only moved 1.24% and 22.19%, respectively [6] Trading Volume - The average 20-day trading volume for ORLA is 621,356 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for ORLA has increased, while none have decreased, leading to a consensus estimate rise from $0.20 to $0.23 [9] - For the next fiscal year, three estimates have moved upwards with no downward revisions, indicating a positive earnings outlook [9] Conclusion - Given the strong performance metrics and positive earnings outlook, ORLA is positioned as a solid momentum pick for investors looking for potential growth opportunities [11]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Orla Mining Ltd. (ORLA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Orla Mining Ltd. is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the ave ...