Evgeny Gromov
We’re nearing the halfway mark for the Q1 Earnings Season and the results have been encouraging overall, even with the gold price averaging just ~$2,070/oz in Q1. This is because we’ve finally seen the strength in the gold price outpace the impact of inflationary pressures, allowing several producers (large and small) to enjoy all-in sustaining cost [AISC] margin expansion on a year-over-year basis. Unfortunately, Orla Mining (NYSE:ORLA) is one name that will struggle to enjoy the same AISC margin expansion, with the junior producer up against difficult comps from Q1 2023 even with the benefit of near-record production reported last month.
Railroad South Project – Orla Mining Website
In this update, we’ll dig into the Q1 results, recent developments, and how its valuation stacks up vs. other growth stories in the sector.
Q1 Production & Sales
Orla Mining released its preliminary Q1 results last month, reporting…
