Orla Mining Ltd. (T:OLA*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1075 West Georgia Street, Suite 1010
VANCOUVER BC V6E 3C9
Tel: N/A
Website: https://orlamining.com
IR: See website
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Key People
Jason M. Simpson
President, Chief Executive Officer, Director
Etienne Morin
Chief Financial Officer
Andrew Cormier
Chief Operating Officer
Sylvain Guerard
Senior Vice President - Exploration
Paul Mann
Vice President - Finance and Accounting
Andrew Bradbury
Vice President of Corporate Development and Investor Relations
Chafika Eddine
Chief Sustainability Officer
   
Business Overview
Orla Mining Ltd. is a gold exploration company. The Company has two material gold projects Camino Rojo, located in Zacatecas State, Mexico and South Railroad, located in Nevada, United States. Its Camino Rojo Oxide Gold Mine is a gold and silver open-pit and heap leach mine. The property is 100% owned covers over 130,000 hectares which contains a large oxide and sulfide mineral resource. It also developing South Railroad Project, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada. Its asset includes 100%-owned Pony Creek property, a 4,500-hectare exploration land package, located adjacent to Company's South Railroad property in the heart of the Carlin trend in Nevada. It also owns Green Springs property located in the southern end of the Cortez trend. It also owns 100% of Cerro Quema located in Panama, which includes a pre-feasibility-stage, open-pit, heap leach gold project, a copper-gold sulfide resource, and various exploration targets.
Financial Overview
For the fiscal year ended 31 December 2023, Orla Mining Ltd revenues increased 21% to $233.6M. Net loss totaled $27M vs. income of $45.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Exploration and evaluation expenses increase of 83% to $34.6M (expense), Depletion and depreciation increase of 92% to $28.6M (expense).
Employees: 327 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,634M as of Dec 31, 2023
Annual revenue (TTM): $319.27M as of Dec 31, 2023
EBITDA (TTM): $166.30M as of Dec 31, 2023
Net annual income (TTM): -$36.91M as of Dec 31, 2023
Free cash flow (TTM): $60.73M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 318,259,448 as of May 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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