ORLA - Orla Mining: Consistently Overdelivering But Not Enough Margin Of Safety
2024-02-07 02:16:33 ET
Summary
- Orla Mining reported record quarterly production in Q4 and has beaten its annual guidance midpoint for two consecutive years.
- ORLA met its goal of becoming net cash positive by year-end, has another year of aggressive exploration on deck, and drilling at Camino Rojo continues to exceed my expectations.
- In this update, we'll dig into Orla's Q4/FY2023 results and recent developments and see where the stock's updated low-risk buy zone lies.
2023 was a year to forget for several producers with continued margin compression because of inflationary pressures and missed guidance for several mid-cap and large-cap miners. However, Orla Mining ( ORLA ) has continued to stand out in rare air among its peer group, putting up record quarterly production in Q4 and an incredible two consecutive 15%+ beats on its annual guidance midpoint. These results are nothing short of phenomenal in a sector where delivering above guidance is rare, especially factoring in the magnitude of the beats relative to the initial outlook....
Orla Mining: Consistently Overdelivering But Not Enough Margin Of Safety