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 ...

Orla Mining Ltd. (ORLA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...

USA News Group News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, BC, Dec. 16, 2024 /PRNewswire/ -- USA News Group – The ongoing boom in Artificial Intelligence (AI) is lifting demand on several commodities, in particular copper. AI's infrastructure needs, especially data centers, are fueling a copper surge, to the benefit of mining companies. According to a "never-wrong" oil hedge fund manager from France, copper could hit $40,000 a tonne over "the next four years or so". With AI-focused tec ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements Three and nine months ended September 30, 2024 and 2023 Presented in United States dollars ORLA MINING LTD. Condensed Interim Consolidated Balance Sheets (Unaudited - thousands of United States dollars) | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|----------------------|-------|---------------------| | ASSETS | | September 30, 2024 | | December 31, 2023 | | Current assets | | | | | | C ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Orla Mining Ltd. (ORLA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a ch ...