Orla Mining Ltd. (NYSE:ORLA) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET

Company Participants

Andrew Bradbury - Vice President-Investor Relations & Corporate Development

Jason Simpson - President & Chief Executive Officer

Andrew Cormier - Chief Operating Officer

Etienne Morin - Chief Financial Officer

Chafika Eddine - Chief Sustainability Officer

Conference Call Participants

Arun Lamba - TD Securities

Operator

Good morning, ladies and gentlemen. And welcome to the Orla Mining's Conference Call for the Second Quarter 2023 Results. My name is Cheryl, and I will be your conference operator today. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] Please be advised that this call is being recorded.

I would like to turn the meeting over to Andrew Bradbury, Vice President of Investor Relations & Corporate Development for Orla Mining. Please go ahead, Mr. Bradbury.

Andrew Bradbury

Thank you, operator, and welcome to Orla's second quarter 2023 results conference call. We will be making forward-looking statements during today's call and a direction to first and second slide of the presentation, which contains important cautionary notes regarding these forward-looking statements. All dollar amounts discussed today will occur to US dollars unless otherwise indicated. On the call this morning is Orla's executive team.

And I'll now pass the call over to Jason Simpson, President and Chief Executive Officer.

Jason Simpson

Thanks, Andrew. Our second quarter was highlighted by ensuring the safety for our people and surrounding environment, continued operational consistency at Camino Rojo and effective cost management across the business. This operational strength has led to more cash generation and I am pleased to report a net debt balance of only $20 million at quarter end.

Additionally, our extensive 2023 exploration program continues to generate positive results. We are committed to unlocking value through consistent operation, exploration and development.

At the halfway point of the year, we are on track to achieve gold production guidance. Please note that we are adjusting our cost guidance down as a result of re-sequencing the mine plan, which will reduce our strip ratio until the end of the year.

Andrew Cormier, our Chief Operating Officer, will provide a summary of the quarterly operating results; Etienne Morin, our Chief Financial Officer, will provide an update on the financial details; and Chafika Eddine, our Chief Sustainability Officer will provide some updates on our ESG efforts. Over to you, Andrew.