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Orla Mining(ORLA) - 2023 Q1 - Earnings Call Transcript
2023-05-12 17:42
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 ...
Orla Mining(ORLA) - 2023 Q1 - Quarterly Report
2023-05-11 22:38
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 | | ...
Orla Mining(ORLA) - 2022 Q4 - Earnings Call Transcript
2023-03-17 15:04
Financial Data and Key Metrics Changes - The company reduced its net debt to $50 million and ended the year with a cash position of $96 million, generating $82 million of free cash flow during 2022 [4][40] - For Q4 2022, the company reported net income of $18.7 million or $0.06 per share, with adjusted earnings of $20.7 million or $0.07 per share [9] - The average cash cost for Q4 was $453 per ounce sold, while all-in sustaining costs were $634 per ounce [38] Business Line Data and Key Metrics Changes - The Camino Rojo mine achieved record quarterly gold production of 32,017 ounces in Q4, with an average stacking rate of 19,591 tonnes per day, exceeding nameplate capacity by 9% [35] - For the full year, the company produced almost 110,000 ounces of gold, at the high end of its increased guidance [35] Market Data and Key Metrics Changes - The company sold over 32,000 ounces at a net realized price of $1,743 per ounce, resulting in $57 million in revenue for the quarter [9] Company Strategy and Development Direction - The company plans to produce 100,000 to 110,000 ounces of gold in 2023, with all-in sustaining costs targeted between $750 to $850 per ounce [21] - A total of $35 million is allocated for exploration in 2023, emphasizing the importance of exploration for growth [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the financial position and the operational performance at Camino Rojo, which is seen as the foundation for future growth [28] - The company is focused on managing health and safety, environmental protection, and cost control while generating cash for future growth [28] Other Important Information - The company incurred $5.6 million in exploration and development costs during Q4, with total costs for the year at $18.9 million [18] - The company is expected to start paying taxes on a monthly basis starting in May 2023 [39] Q&A Session Summary - There were no questions during the Q&A session, and the management team encouraged analysts to reach out with any inquiries [51][52]
Orla Mining(ORLA) - 2022 Q3 - Earnings Call Transcript
2022-11-11 18:25
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 ...
Orla Mining(ORLA) - 2022 Q3 - Quarterly Report
2022-11-10 22:27
Presented in United States dollars ORLA MINING LTD. Condensed Interim Consolidated Balance Sheets (Unaudited – Thousands of United States dollars) | | | September 30 | | December 31 | | --- | --- | --- | --- | --- | | As at | | 2022 | | 2021 | | ASSETS | | | | | | Current assets | | | | | | Cash and cash equivalents | $ | 89,148 | $ | 20,516 | | Trade and other receivables | | 453 | | 306 | | Value added taxes recoverable (note 11) | | 5,244 | | 16,776 | | Inventory (note 10) | | 18,256 | | 9,657 | | Prepai ...
Orla Mining(ORLA) - 2022 Q2 - Earnings Call Transcript
2022-08-13 22:07
Orla Mining Ltd. (NYSE:ORLA) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Andrew Bradbury - VP, IR Jason Simpson - President & Chief Executive Officer Etienne Morin - Chief Financial Officer Andrew Cormier - Chief Operating Officer Conference Call Participants Bryce Adams - CIBC Capital Markets Operator Ladies and gentlemen, good morning, and welcome to the Orla Mining Conference Call for the Second Quarter 2022. My name is Sheryl, and I will be your conference operator t ...
Orla Mining(ORLA) - 2022 Q2 - Earnings Call Presentation
2022-08-12 16:33
| --- | --- | |-------|-------| | | | | | | | | | | | | | | | | | | | | Q2 | | | | | | | | | | | | | FORWARD LOOKING STATEMENTS ARE MADE IN THIS PRESENTATION This presentation contains forward-looking statements and information within the meaning of Canadian securities law and United States securities laws, rules and legislation, including the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). All statements, ot ...
Orla Mining(ORLA) - 2022 Q2 - Quarterly Report
2022-08-08 21:53
Exhibit 99.1 Condensed Interim Consolidated Financial Statements Three and six months ended June 30, 2022 and 2021 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 | | | 2022 | | 2021 | | ASSETS | | | | | | | Current assets | | | | | | | Cash and cash equivalents | | $ | 66,743 | $ | 20,516 | | Trade and other receivables | | | 608 ...
Orla Mining(ORLA) - 2022 Q1 - Earnings Call Presentation
2022-05-13 18:47
Camino Rojo Oxide Project Construction ORI A FIRST QUARTER 2022 UPDATE The Emerging Gold Company Cautionary Disclaimers FORWARD LOOKING STATEMENTS ARE MADE IN THIS PRESENTATION This presentation contains forward-looking statements and information within the meaning of Canadian securities law and United States securities laws, rules and legislation, including the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). ...
Orla Mining(ORLA) - 2022 Q1 - Earnings Call Transcript
2022-05-13 17:23
Orla Mining Ltd. (NYSE:ORLA) Q1 2022 Earnings Conference Call May 13, 2022 10:00 AM ET Company Participants Andrew Bradbury - Director, Investor Relations Etienne Morin - Chief Financial Officer Jason Simpson - President & Chief Executive Officer Andrew Cormier - Chief Operating Officer Conference Call Participants Ovais Habib - Scotiabank Operator Good morning, ladies and gentlemen, and welcome to the Orla MiningÂ's Conference Call for the First Quarter 2022. My name is Brent, and I will be your conference ...