Quarterly ResultMay 11, 2026, 06:57 AM
Orla Mining Q1 Revenue $378.9M, Net Income $75.4M; EPS $0.22
AI Summary
Orla Mining Ltd. reported strong first-quarter 2026 financial results, with revenue significantly increasing to $378.9 million and net income reaching $75.4 million, a substantial improvement from a loss in the prior year. The company achieved gold production of 81,206 ounces and an all-in sustaining cost of $1,668 per ounce. Key operational advancements included significant exploration success at Musselwhite Mine and the receipt of an environmental permit for Camino Rojo's open pit expansion.
Key Highlights
- Q1 2026 Revenue increased to $378.9 million from $140.7 million in Q1 2025.
- Q1 2026 Net Income was $75.4 million, compared to a net loss of $69.8 million in Q1 2025.
- Basic Earnings Per Share (EPS) for Q1 2026 was $0.22, up from $(0.22) in Q1 2025.
- Gold production for Q1 2026 totaled 81,206 ounces, with 81,540 ounces sold.
- All-in Sustaining Cost (AISC) for Q1 2026 was $1,668 per ounce of gold sold.
- Received environmental permit for Camino Rojo open pit expansion.
- Exploration at Musselwhite confirmed high-grade mineralization extension.
- Paid $20 million contingent consideration for Musselwhite Mine acquisition.