Orla Mining (TSE:OLA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$84.6m (up 43% from 2Q 2023).
- Net income: US$24.3m (up 89% from 2Q 2023).
- Profit margin: 29% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.076 (up from US$0.041 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orla Mining Earnings Insights
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are up 7.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example – Orla Mining has 1 warning sign we think you should be aware of.
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