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We’re just a couple of weeks away from the much-awaited start of the Q2 Earnings Season for the Gold Juniors Index (GDXJ), and several names have run up sharply ahead of these results. This is because producers will enjoy their highest realized gold price on average in the upcoming Q2 results, with gold averaging $2,340/oz in the quarter, a ~19% increase year-over-year. One of the more recent names to report its results was Orla Mining Ltd. (NYSE:ORLA), a junior producer in Mexico that’s done a phenomenal job to date at its Camino Rojo Oxides Mine in Zacatecas, Mexico.
In this update, we’ll dig into the preliminary Q2 results, recent developments, and whether the stock has moved into a low-risk buy zone yet.
Camino Rojo Gold Pour – Company Website
All figures are in United States Dollars unless otherwise noted. G/T = grams per tonne (of gold or silver). GEOs = gold-equivalent ounces. AISC refers to all-in sustaining…
