ORLA - Orla Mining reports Q4 earnings; raises FY23 outlook
2023-03-17 01:07:06 ET
- Orla Mining press release ( NYSE: ORLA ): Q4 Non-GAAP EPS of $0.07.
- Revenue of $56.8M (+1288.8% Y/Y) beats by $9.8M .
- Gold production during the fourth quarter was 32,017 ounces and total gold production for 2022 was 109,596 ounces, achieving high end of the increased annual production guidance range of 100,000 to 110,000 ounces.
- All-in sustaining costs of $634 per ounce of gold sold during the fourth quarter 2022.
- Cash flow from operating activities before changes in non-cash working capital during the fourth quarter were $55.1 million.
- Free cash flow during the fourth quarter totalled $11.6 million.
- 2023 Guidance : Gold Production of 100,000 - 110,000 oz; All-in Sustaining Costs $750 - $850 oz Au sold.
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Orla Mining reports Q4 earnings; raises FY23 outlook