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Q3 ORI A Performing Advancing Annual production guidance increased Strong operating margins 7 Net income Q3-2023 $12.8 $1.0 -$3.4 -$4.0 -$1.5 -$1.6 $2.4 -$0.4 $5.4 Revenues Cost of sales Exploration Refinancing credit facility Tax expense FX Other Q2 2023 Q3 2023 | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------|---------|---------|---------|----------|---------|---------|---------| | Balance sheet strength and ...

Revenue and Earnings - Revenue for Q3 2023 was $60,294,000, a 23% increase from $49,030,000 in Q3 2022[3] - Year-to-date revenue for the nine months ended September 30, 2023, reached $170,697,000, up 25% from $136,472,000 in the same period of 2022[3] - Earnings from mining operations for Q3 2023 were $35,202,000, compared to $29,557,000 in Q3 2022, reflecting an increase of 19%[3] - The company reported a net income of $5,370,000 for Q3 2023, down from $8,895,000 in Q3 2022, representing a decrease of 40%[3] - The company reported an income of $31,432 for the period, compared to a loss of $27,080 in the same period of 2022[88] - The company reported an income of $31,432 million for the nine months ended September 30, 2023, compared to $27,080 million for the same period in 2022[17] Assets and Liabilities - Total assets as of September 30, 2023, were $647,734,000, an increase from $613,816,000 as of December 31, 2022[2] - Cash and cash equivalents increased to $132,757,000 as of September 30, 2023, compared to $96,278,000 at the end of 2022, marking a 38% increase[2] - Current liabilities decreased to $59,725,000 from $97,777,000 at the end of 2022, a reduction of 39%[2] - Shareholders' equity increased to $456,710,000 as of September 30, 2023, up from $396,984,000 at the end of 2022, reflecting a growth of 15%[2] - The balance at September 30, 2023, was $473.518 million, an increase from $445.316 million at January 1, 2023[5] - Total debt as of September 30, 2023, was $136,150,000, an increase from $145,795,000 at December 31, 2022[38] Cash Flow and Operating Activities - The company reported cash provided by operating activities of $25,019,000 for Q3 2023, compared to $23,046,000 in Q3 2022, an increase of 9%[4] - The company had drawn $113.4 million from the $150 million 2023 Revolving Facility as of September 30, 2023[95] - The fair value of the 2023 Revolving Facility was estimated at $113.4 million with a discount rate of 7.9%[100] Expenses - Mining and processing costs for Q3 2023 were $15.859 million, an increase of 35% from $11.774 million in Q3 2022[18] - Depletion and depreciation expenses for Q3 2023 totaled $7.574 million, compared to $6.283 million in Q3 2022, reflecting a 21% increase[20] - Exploration and evaluation expenses for Q3 2023 were $11.233 million, up from $8.327 million in Q3 2022, indicating a 35% increase[22] - General and administrative expenses for Q3 2023 amounted to $3.123 million, compared to $2.342 million in Q3 2022, a 33% increase[23] - Interest and accretion expenses for Q3 2023 were $3.483 million, an increase from $2.578 million in Q3 2022, representing a 35% rise[24] - The total cost of sales for the nine months ended September 30, 2023, was $65,777, compared to $46,797 in 2022, reflecting an increase of 40%[87] Shareholder Information - The weighted average number of common shares outstanding increased to 313.8 million in Q3 2023 from 282.5 million in Q3 2022[3] - The weighted average number of common shares outstanding for the nine months ended September 30, 2023 was 310,462,000[59] - Share-based payments expense for the nine months ended September 30, 2023 totaled $2,569,000, compared to $1,921,000 in the same period of 2022[62] Taxation - Current income tax expense for the three months ended September 30, 2023, was $8,471,000, compared to $9,200,000 for the same period in 2022, reflecting a decrease of 8%[109] - The total tax expense for the nine months ended September 30, 2023, was $27,806,000, compared to $25,993,000 for the same period in 2022, indicating an increase of 7%[109] Strategic Developments - The National Assembly of Panama passed Bill 1110, which includes a moratorium on metal mining concessions, potentially impacting the company's future strategy in Panama[114] - The company is in compliance with all covenants related to its credit facility as of September 30, 2023[96] Other Financial Information - The company does not currently pay regular dividends and is focused on maintaining a flexible capital structure[91] - The company recognized interest expense of $868,000 for the nine months ended September 30, 2023[48] - The company incurred transaction costs of C$156,000 ($117,000) related to the issuance of 3,987,241 common shares at a price of C$6.27 per share[54]

QUALIFIED PERSON STATEMENT Advancing | --- | --- | --- | --- | --- | --- | --- | |-----------------|-----------------------------------------------------------------|------------------|---------------------------------|--------|-----------|-----------| | 29 koz | 0.77 g/t | 19.7 ktpd | | | Q2-2023 | YTD-2023 | | | | | Mining | | | | | GOLD PRODUCTION | AU GRADE STACKED | AVG STACKING TPT | Total Ore Mined | tonnes | 1,787,125 | 3,735,668 | | | | | Ore – processed | tonnes | 1,729,374 | 3,375,968 | | | Conti ...

Orla Mining Ltd. (NYSE:ORLA) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Andrew Bradbury - Vice President-Investor Relations & Corporate Development Jason Simpson - President & Chief Executive Officer Andrew Cormier - Chief Operating Officer Etienne Morin - Chief Financial Officer Chafika Eddine - Chief Sustainability Officer Conference Call Participants Arun Lamba - TD Securities Operator Good morning, ladies and gentlemen. And welcome to the Orla Mining's Conference C ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements Three and six months ended June 30, 2023 and 2022 Presented in United States dollars ORLA MINING LTD. Condensed Interim Consolidated Balance Sheets (Unaudited - thousands of United States dollars) | | | | June 30, | | December 31, | | --- | --- | --- | --- | --- | --- | | As at | | | 2023 | | 2022 | | ASSETS | | | | | | | Current assets | | | | | | | Cash and cash equivalents | | $ | 114,530 | $ | 96,278 | | Trade and other receivables | | | 3 ...

Orla Mining Ltd. (NYSE:ORLA) Q1 2023 Earnings Conference Call May 12, 2023 10:00 AM ET Company Participants Andrew Bradbury - VP of IR Jason Simpson - President and CEO Andrew Cormier - COO Etienne Morin - CFO Conference Call Participants Arun Lamba - TD Securities Andrew Mikitchook - BMO Operator Good morning ladies and gentlemen. And welcome to Orla Mining's Conference Call for the First Quarter 2023 results. My name is Emma and I will be your conference operator today. [Operator Instructions]. Please be ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements Three months ended March 31, 2023 and 2022 Presented in United States dollars ORLA MINING LTD. Condensed Interim Consolidated Balance Sheets (Unaudited - thousands of United States dollars) | | | | March 31, | | December 31, | | --- | --- | --- | --- | --- | --- | | As at | | | 2023 | | 2022 | | ASSETS | | | | | | | Current assets | | | | | | | Cash and cash equivalents | | $ | 83,809 | $ | 96,278 | | Trade and other receivables | | | 357 | | ...

Company Participants Operator I would like to turn the meeting over to Andrew Bradbury, Vice President of Investor Relations and Corporate Development for Orla Mining. Please go ahead, Mr. Bradbury. Thank you, operator, and welcome to Orla's fourth quarter and year end 2022 results conference call. We will be making forward-looking statements during today's call, and I would direct you to the first and second slides of the presentation which contains important cautionary notes regarding these forward-lookin ...

Orla Mining Ltd. (NYSE:ORLA) Q3 2022 Earnings Conference Call November 11, 2022 10:00 AM ET Company Participants Andrew Bradbury - Vice President of Investor Relations Jason Simpson - President & Chief Executive Officer Andrew Cormier - Chief Operating Officer Etienne Morin - Chief Financial Officer Conference Call Participants Kulvir Gill - TD Securities Operator Good morning, ladies and gentlemen, and welcome to Orla Mining's Conference Call for the Third Quarter 2022. My name is Rob and I will be your co ...