Orla Mining Ltd. (NYSE:ORLA) Q3 2024 Earnings Conference Call November 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

Anita Soni - CIBC
Andrew Mikitchook - BMO Capital Markets

Operator

Good morning, ladies and gentlemen and welcome to Orla Mining's Conference Call for the Third Quarter 2024 Results. My name is Rob 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 Third 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 third slides of the 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 pass the call to Jason Simpson, President and CEO.

Jason Simpson

Thanks, Andrew. During the third quarter, Camino Rojo had record production at low costs. This record production and low costs in a record gold price environment drove strong margins and cash flow. As a result, we took the opportunity to pay off all our outstanding debt taking us to a debt free status, positioning us well for future investment in the business.

Part of the growth investment we'll discuss today is the construction planning for the South Railroad project and exploration in Nevada on our South Carlin complex. We have the executive team on the call to provide specific updates.

As a result of the continued performance at Camino Rojo, we increased our production guidance for a second time this year and are tracking to 130,000 ounces to 140,000 ounces produced at the low end of the all-in sustaining cost guidance of $800 to $900 per ounce.

Our Chief Operating Officer, Andrew Cormier will now discuss this operating performance. Thank you, Jason.