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Orla Mining Ltd. (T:OLA)

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
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