Orla Mining Ltd. (NYSE:ORLA) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET

Company Participants

Andrew Bradbury - Vice President, Investor Relations and Corporate Development
Jason Simpson - President and Chief Executive Officer
Andrew Cormier - Chief Operating Officer
Etienne Morin - Chief Financial Officer
Sylvain Guerard - Senior Vice President, Exploration
Chafika Eddine - Chief Sustainability Officer

Conference Call Participants

Bryce Adams - CIBC Capital Markets
Andrew Mikitchook - BMO Capital Markets

Operator

Good morning, ladies and gentlemen, and welcome to Orla Mining's Conference Call for the First Quarter 2024 Results. My name is Ian and I will be your conference operator today. All lines have been placed on mute to prevent any background noise. After the speakers' 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, Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury.

Andrew Bradbury

Thank you, operator and welcome to Orla's first quarter 2024 results conference call. We will be making forward-looking statements during today's call, and I would direct you to the first and second slides of this presentation, which contains important cautionary notes regarding these forward-looking statements. All dollar amounts discussed today will refer to U.S. dollars, unless otherwise indicated.

The Orla executive team is on the call this morning, and I'll now pass the call to Jason Simpson, President and CEO.

Jason Simpson

Thanks, Andrew. Our first quarter highlights include continued strong performance at Camino Rojo on safety, environmental management, operations and costs. We have maintained consistent low cost gold production which coupled with an increase in gold price, has led to margin expansion and strong cash flow generation.

Exploration ramped up in Mexico in the first quarter and we look forward to providing updates on the exciting Camino Rojo extensions. We recently completed the acquisition of Contact Gold and we are integrating the Pony Creek property into our portfolio and expanding our exploration efforts in Nevada.

With respect to our interests in Panama through our Cerro Quema Project, we have suspended investment and are pursuing legal remedies with our preference being a constructive resolution with the Government of Panama that results in a positive outcome for all stakeholders. We have the entire executive team on the call to provide specific updates, so first I'll pass it over to Andrew Cormier, our Chief Operating Officer, for a first quarter operational update.