Latest news with #ORLA
Business Insider
5 days ago
- Business
- Business Insider
Orla Mining says U.S. Interior BLM publishes NOI for South Railroad Project
Orla Mining (ORLA) announced that the U.S. Department of the Interior Bureau of Land Management has published the Notice of Intent for the South Railroad Project in the Federal Register. South Railroad is located in Nevada, USA and forms part of the Company's larger South Carlin Complex land package located on the prolific Carlin Trend. The publication of the NOI represents a major milestone in the federal permitting process, as it formally initiates the process to complete the National Environmental Policy Act review and preparation of an Environmental Impact Statement by the BLM. Following receipt of all required state and federal permits, anticipated within 12 months, onsite construction can begin. The Company will seek opportunities to accelerate timeline to construction, where possible. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The Irish Sun
07-08-2025
- Sport
- The Irish Sun
Ireland record shock victory over Women's Cricket World Cup bound Pakistan in first Test of series
The win marked a special landmark for the Ireland women's cricket team OUTRAGEOUS ORLA Ireland record shock victory over Women's Cricket World Cup bound Pakistan in first Test of series ORLA Prendergast shone as Ireland won the first Test in their T20 series against Pakistan in Dublin yesterday. Ireland reached 142 after being bowled out in the 20th over with Prendergast racking up 29 runs. Amy Hunter also caught the eye with 37 as Leah Paul scored 28. Advertisement 2 Ireland haven't lost in the World Cup qualifiers since mid-April when they narrowly lost to Bangladesh 2 The 23-year-old is Ireland's top run scorer in the past year with 602 But regular wickets kept Pakistan in it. Pakistan scored 131-9 from their 20 overs to fall short by 11 runs. And the key wicket takers for Ireland were Prendergast, Jane Maguire and Ava Canning. The victory also marked eight T20 international wins in a row for Ireland. But attention will quickly turn to the second clash of the three-match series tomorrow. Advertisement
Business Insider
18-07-2025
- Business
- Business Insider
Orla Mining files updated technical report on Camino Rojo
ORLA) announced that the company has filed an updated technical report, prepared in accordance with the disclosure standards under National Instrument 43-101 for its Camino Rojo deposit located in Zacatecas, Mexico. The updated technical report now includes the initial underground Mineral Resource estimate for the Camino Rojo deposit, incorporating mineralization hosted in the Camino Rojo Sulphides and extending into the underlying Zone 22, details of which were previously announced. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
07-06-2025
- Business
- Yahoo
Orla Mining price target raised to C$16 from C$15.50 at Scotiabank
Scotiabank analyst Ovais Habib raised the firm's price target on Orla Mining (ORLA) to C$16 from C$15.50 and keeps an Outperform rating on the shares. Scotia noted that Orla reported its first sulphide underground resource estimate for the Camino Rojo asset, with measured and indicated resources estimated at 50.1 Mt of ore at 2.45 g/t Au, 10.6 g/t Ag, and 0.35% Zn for a total of 4.2 Moz AuEq, which the firm sees as a 'positive' for Orla shares. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ORLA: Disclaimer & DisclosureReport an Issue Orla Mining Unveils Initial Underground Resource Estimate for Camino Rojo Orla Mining's Earnings Call: Record Gold Production and Positive Outlook Orla Mining Boosts 2025 Production with Musselwhite Acquisition OLA Earnings this Week: How Will it Perform? Orla Mining price target raised to C$19 from C$15.50 at Stifel
Yahoo
06-06-2025
- Business
- Yahoo
Orla Mining Ltd (ORLA) Q1 2025 Earnings Call Highlights: Record Gold Production and Strategic ...
Revenue: Approximately $141 million for the quarter. Gold Production: Nearly 30,000 ounces from Camino Rojo and 18,000 ounces from Musselwhite in March. Gold Sales: 46,000 ounces at a realized price of $2,915 per ounce. Cash Costs: $597 per ounce of gold sold. All-in Sustaining Costs: $845 per ounce of gold sold. Net Loss: $70 million or $0.22 per share. Adjusted Net Earnings: $38.6 million or $0.12 per share. Cash Flow from Operating Activities: $401 million or $1.24 per share. Capital Expenditures: $17.7 million, including $9.2 million non-sustaining and $8.5 million sustaining. Production Guidance for 2025: 280,000 to 300,000 ounces of gold. Cash Costs Guidance for Musselwhite: $1,000 to $1,200 per ounce. All-in Sustaining Costs Guidance for Musselwhite: $1,550 to $1,750 per ounce. Cash Balance: $184 million at the end of the first quarter. Net Debt: Approximately $266 million. Warning! GuruFocus has detected 4 Warning Sign with QSCGF. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Orla Mining Ltd (ORLA) recorded a record quarter of gold production, driven by the newly acquired Musselwhite Mine. The company updated its 2025 production guidance to 280,000 to 300,000 ounces of gold, reflecting the integration of Musselwhite. Cash costs and all-in sustaining costs for Camino Rojo remain competitive, with cash costs between $625 to $725 per ounce. Orla Mining Ltd (ORLA) is aggressively investing in exploration and development, with a total planned investment of $175 million for 2025. The company has committed $25 million towards exploration at Musselwhite to extend mine life and support future expansion. Orla Mining Ltd (ORLA) recorded a net loss of $70 million for the quarter, mainly due to financial instruments related to the Musselwhite acquisition. The integration of Musselwhite has led to complex financial reporting and transitional challenges. The company's outstanding debt balance increased to $450 million following the Musselwhite acquisition. Cash flow from operating activities is impacted by the gold prepay, reducing cash flow as gold ounces are delivered. Permitting for expansion in Mexico is ongoing, with potential delays if permits are not received as expected. Q: Can you provide details on the sustaining and non-sustaining CapEx for Musselwhite, and how it compares to the 43-101 mine plan capital costs? A: Jason Simpson, President and CEO, explained that the current guidance includes increased investment above the technical report, specifically in areas like lateral development, enhanced mobile fleet, and exploration. This represents an improvement over the reserve-only technical report, aiming to extend mine life and potentially expand production. Q: Will the exploration program at Musselwhite be similar in size next year, or was this year's program larger to kick things off? A: Jason Simpson indicated that while they are not providing guidance for next year, they expect a similar-sized exploration program. The objective is a 24-month plan to extend mine life and understand the geologic complex, setting up future conversations about potential capital investment and expansion. Q: Can you provide an update on the permitting process in Mexico for Camino Rojo? A: Jason Simpson stated that they are actively communicating with regulators at both state and federal levels in Mexico. They expect to receive permits on schedule, with a resolution anticipated in the next couple of months, following their submission on November 11 of the previous year. Q: How are the financial results impacted by the Musselwhite acquisition, and what are the key financial metrics for the quarter? A: Etienne Morin, CFO, noted that the quarter was transitional due to the mid-quarter closing of the Musselwhite acquisition. They sold 46,000 ounces of gold, generating $141 million in revenue. Cash costs were $597 per ounce, and all-in sustaining costs were $845 per ounce. The net loss was $70 million, mainly due to financial instruments related to the acquisition. Q: What are the plans for exploration and resource updates in Nevada and Canada? A: Sylvain Guerard, SVP of Exploration, mentioned that in Nevada, the focus is on increasing resources at Pinon and Dark Star, with drilling resuming in May. In Canada, $25 million is committed to exploration at Musselwhite to define additional mineralization and extend mine life beyond 2030. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
