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 |
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 Canada-based gold exploration company. The Company has three material gold projects: Camino Rojo, located in Zacatecas State, Mexico; South Railroad, located in Nevada, United States, and Cerro Quema, located in Los Santos Province, Panama. The Company is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine. The property is 100% owned by the Company and covers over 160,000 hectares (ha), which contains a large oxide and sulfide mineral resource. It also owns 100% of the South Railroad Project, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada. South Railroad Project has over 21,000 ha land package. The Company 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. The Cerro Quema project covers approximately 15,000 ha. |
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: | $1,576M as of Dec 31, 2023 |
Annual revenue (TTM): | $316.98M as of Dec 31, 2023 |
EBITDA (TTM): | $165.11M as of Dec 31, 2023 |
Net annual income (TTM): | -$36.64M as of Dec 31, 2023 |
Free cash flow (TTM): | $60.29M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 315,073,995 as of Jan 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |