Orla Mining Ltd. (NYSE:ORLA) Q2 2024 Earnings Conference Call August 13, 2024 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
Sylvain Guerard - Senior Vice President, Exploration
Chafika Eddine - Chief Sustainability Officer

Conference Call Participants

John Sclodnick - Desjardins
Bryce Adams - CIBC Capital Markets

Operator

Good morning, ladies and gentlemen and welcome to Orla Mining's Conference Call for the Second Quarter 2024 Results. My name is Kayla 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 of Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury.

Andrew Bradbury

Thank you, operator and welcome to Orla's Second 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 the presentation which contains important cautionary notes regarding these forward-looking statements. All dollar amounts discussed today will refer to US dollars unless otherwise indicated.

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

Jason Simpson

Thanks, Andrew. During the second quarter, Camino Rojo continued to produce higher-than-planned ounces at low costs, all the while maintaining the health and safety of our workforce and consider it of our local environment. Our low-cost production combined with higher gold prices is driving increased margins and cash flow, which is being used to pay down debt and invest in our growth. Some of that growth includes the Camino Rojo sulfide extensions with recent drilling showing impressive high grades and strong initial metallurgical results. We have the executive team on the call to provide specific updates in various areas.

The year-to-date outperformance at Camino Rojo enables us to increase our full year production guidance to 120,000 to 130,000 ounces and decreasing our all-in sustaining cost guidance to $800 to $900 per ounce gold sold. I am very proud of our team's efforts in delivering the consistent execution quarter-over-quarter.

Now, over to Andrew Cormier, our Chief Operating Officer to discuss more on this operating performance.