Orla Mining Ltd. is an exploration and development company primarily focused on mineral properties. The firm actively seeks out and advances deposits ...
Orla Mining Ltd. (NYSE Arca: ORLA) is an exploration and development company with a focus on securing and advancing mineral properties—especially for precious metals such as gold and silver, alongside base metals like zinc, lead, and copper. The company was incorporated in 2007 (originally as Red Mile Minerals Corp.) and ...Orla Mining Ltd. (NYSE Arca: ORLA) is an exploration and development company with a focus on securing and advancing mineral properties—especially for precious metals such as gold and silver, alongside base metals like zinc, lead, and copper. The company was incorporated in 2007 (originally as Red Mile Minerals Corp.) and later adopted the name Orla Mining Ltd. in June 2015. Its corporate headquarters are in Vancouver, British Columbia, and it is led by CEO Jason Douglas Simpson.
From a business perspective, Orla’s strategy centers on acquiring, exploring, developing, and (where economically viable) operating mineral properties. In the provided materials, Orla is described as holding wholly owned key assets including the Camino Rojo project in Zacatecas, Mexico and the Cerro Quema project on Panama’s Azuero Peninsula. The company also operates within the broader mining industry context where long-life, scalable resource projects and phased development are important for balancing exploration upside with execution risk.
In terms of “products” and services, the core output is mined metals (primarily gold, with co-products such as silver depending on project geology and processing economics). Orla’s operational work typically involves geological exploration, resource delineation, permitting, construction and development of mine infrastructure, and then production activities. Supporting these stages are technical and commercial functions such as drilling programs, metallurgy/processing optimization, mine planning, procurement of mining and processing equipment, and contracted or in-house services required to extract and process ore.
Cost and BOM considerations in mining generally include sustaining capital and development capital (e.g., shafts, tunnels, surface facilities, processing plants, and tailings/water systems), as well as operating costs (labor, fuel/energy, explosives, maintenance parts, and processing reagents). While specific line-item costs are not provided in the input, the company’s financial profile and valuation multiples in the reference snapshot indicate an active operating/near-term production profile with ongoing cash generation metrics (e.g., positive free cash flow measures in the data snapshot), which is typical for firms transitioning from development to production or ramping up operations.
On financial/market aspects, the reference data shows a market capitalization around $3.5B USD and valuation multiples (e.g., EV/sales and EV/EBITDA ranges) that reflect investor expectations about growth potential and the quality of its resource base and development pipeline. The company’s dividend information appears minimal in the snapshot, which is consistent with many growth-oriented mining explorers that prioritize reinvestment and development.
Key people include CEO Jason Douglas Simpson. With workforce estimates indicating roughly around 1,000+ employees (example data points show 684 employees in 2023 and about 1,135 by 2026), Orla has the staffing capacity consistent with running technical exploration programs and executing or supporting development and operations.
Overall, Orla’s “wishes” or near-term priorities—typical for a company of its type—would include advancing project development, improving resource confidence, maintaining safe and efficient operations, meeting permitting and construction milestones, and continuing to create value by moving high-quality mineral assets through feasibility, development, and into steady production.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.1B
+212.7%
-2.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$108.7M
+22.1%
-7.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+48.7%
-23.0%
+0.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+43.5%
-6.8%
+1.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+10.1%
-60.9%
-4.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$669.2M
+360.9%
-54.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+62.2%
+47.4%
-53.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
55.8%
+12899.0%
-23.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.08x
-72.8%
-2.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone. Thank you for joining us, and welcome to Orla Mining First Quarter 2026 results. I will now hand the conference over to Andrew Bradbury, Vice President, Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury.
Andrew Bradbury: Thank you, Christine, and welcome to Orla's First Quarter 2026 Results Conference Call. We will be making forward-looking statements during today's call, and I'm going to direct you to Slides 2, 3 and 4 of the presentation, which contain 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 it to Jason Simpson, President and CEO.
Jason Simpson: Thanks, Andrew. Good morning, everyone. As we turn to Slide 5, the first quarter 2026 has set a strong foundation for the year. We advanced several strategic operational and exploration initiatives across our portfolio, firmly positioning the company for immediate delivery and long-term value creation. Operationally, it was a strong quarter. We produced over 81,000 ounces of gold. Both assets are delivering steady, reliable performance, keeping us firmly on track to meet our full year guidance of 340,000 to 360,000 ounces. At Musselwhite, we are effectively balancing active ore processing with forward-looking development. We made significant progress on the 1080 exploration drift and are continuing to meet and increase production targets. On the exploration front, the results coming out of Musselwhite are exceptional. We have now confirmed the extension of high-grade mineralization for more than 2 kilometers down plunge, which reinforces our belief of a material extension of the mine's life. In addition to the success of our mine extension surface drilling, underground drilling continues to deliver strong results that support growth in reserves and resources. While near-mine surface drilling at Camp Bay is intersecting broad zones of shallow mineralization. Beyond the drilling success, we are also looking at the bigger picture, advancing a regional targeting program across our massive 65,000 hectare land package to unlock the next generation of opportunities. At Camino Rojo, we reached a major regulatory milestone with the receipt of the environmental permit from Mexican authorities, allowing us to remain -- mine the remaining oxide open pit and layback area while beginning construction of an underground exploration decline. This is a critical step in optimizing the current operation and moving forward with the next step of development for the Camino Rojo underground project. Beyond our operations, we are making large strides in advancing our next 2 growth opportunities. We are marching toward field mobilization at South Railroad in Nevada with our team growing fast. We expect to receive final permits midyear, allowing us to move into full construction. In Mexico, …