- Orla Mining released its preliminary Q1 results this month, reporting quarterly production of ~23,000 ounces, just after announcing commercial production on April 1st, which was on schedule.
- Based on Orla's current cost guidance, which may be a little ambitious, the company hopes to produce ~95,000 ounces at $650/oz, making it one of the top-3 lowest-cost producers sector-wide.
- From a valuation standpoint, Orla may appear expensive, but with a ~$1.0 billion plus valuation Sulphide Project in the wings, this is a great story.
- After a 60% rally, Orla is no longer near a low-risk buy zone, but given the company's solid execution despite supply/pandemic headwinds and attractive margin profile, this is a name to keep a close eye on going forward.
For further details see:
Orla Mining: Firing On All Cylinders