ORLA Earnings Prediction
The chart below shows how ORLA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ORLA sees a +2.81% change in stock price 10 days leading up to the earnings, and a +7.36% change 10 days following the report. On the earnings day itself, the stock moves by -1.06%. This data can give you a slight idea of what to expect for the next quarter's release.
ORLA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
99.31M
64.70%
17.43%
Gross Margin
65.06%
11.81%
1.43%
Operating Margin
46.55%
39.83%
-8.20%
Net Margin
21.29%
138.95%
-25.79%
EPS
0.06
200.00%
-14.29%
No Data Available
ORLA Earnings Analysis
Orla Mining Ltd. Corporation (ORLA.A) Earnings Conference Call
Positive
Record Gold Production Achievement: 1. Record Gold Production: Orla Mining achieved a new quarterly record of nearly 43,000 ounces of gold produced in Q3 2024, contributing to an increased production guidance of 130,000 to 140,000 ounces for the year.
Record Revenue Achievement: 2. Strong Revenue Generation: The company reported record revenue of $99 million for the quarter, driven by the sale of 38,000 ounces of gold at a realized price of $2,477 per ounce.
Cost Management Success: 3. Low All-in Sustaining Costs: Orla's all-in sustaining costs for Q3 2024 were $720 per ounce, which is lower than previous guidance and reflects effective cost management alongside higher gold sales.
Debt-Free Achievement: 4. Debt-Free Status: Orla Mining paid off all outstanding debt in October 2024, achieving a debt-free status just 2.5 years after commercial production, while maintaining significant investments in growth.
Record Free Cash Flow: 5. Record Free Cash Flow: The company generated a record free cash flow of $45 million in Q3 2024, equating to $0.14 per share, showcasing strong cash generation capabilities.
Negative
Rising Sustaining Costs: 1. Increased All-in Sustaining Costs: The company is now guiding to the low end of the improved 2024 all-in sustaining cost guidance range of $800 to $900 per ounce of gold sold, indicating a rise in costs compared to previous expectations.
Cost Increase in Exploration: 2. Exploration and Project Costs Spike: Exploration and project costs reached $17.4 million for the quarter, with $13.7 million expensed, marking a significant financial burden during peak spending for the year.
Gold Grade Decline Expected: 3. Lower Average Gold Grade Expected: The average gold grade of ore processed during the third quarter was 0.93 grams per tonne, with expectations of a slight decrease in grades for the fourth quarter, which could impact future production levels.
Project Timeline Delays: 4. Delayed Permitting Timeline: The Notice of Intent for the South Railroad project is expected to be published in early 2025, with a targeted record of decision by mid-2026, indicating a prolonged timeline for project advancement.
Permit Approval Dependency: 5. High Dependency on Future Permitting: The company's future production plans are heavily reliant on the timely approval of permits, with any delays potentially impacting operational continuity and growth strategies.
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ORLA Earning Call Sentiment
Orla Mining Ltd. (ORLA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ORLA.A
-6.04%Positive
The earnings call shows strong financial performance with record revenue and cash flow, a debt-free status, and robust operational margins. Despite potential regulatory risks, the company is proactive in its permitting process. Analysts' questions in the Q&A were met with positive responses, indicating confidence in future operations. The absence of debt and high liquidity further bolster the company's financial health, supporting a positive stock price movement.
