Orla Mining (OLA) 2024 Precious Metals Summit Beaver Creek summary

Growth Strategy and Strategic Vision

• Growth driven by a proven strategy, deep asset base, and reputable partners, focusing on low-complexity oxide projects and expanding into sulfide resources in Mexico, Nevada, and Panama.

• Supported by long-term shareholders and institutions, including Fairfax, Newmont, Pierre Lassonde, and Agnico Eagle, providing technical, financial, and strategic support.

• Consistent gold production and cash generation, with recent acquisitions expanding exploration potential and land packages.

• Mission centers on transforming resources into net positive benefits for all stakeholders, emphasizing ESG principles and transparent reporting.

• Track record of successful project delivery, value creation since 2016, and a 500% return over six years.

Asset Portfolio and Operational Highlights

• Camino Rojo (Mexico): 10-year mine life, 2024 production guidance of 120–130 koz at $800–900/oz AISC, with 9.1 Moz M&I resources.

• South Railroad (Nevada): 8+ year mine life, 152 koz annual production (years 1–4), $1,021/oz LOM AISC, in permitting with production targeted for 2027.

• Cerro Quema (Panama): ~80 koz annual production, $626/oz LOM AISC, with copper-gold sulphide potential and ongoing exploration.

• High-margin Camino Rojo oxide mine in Mexico generates over $100 million annually for reinvestment.

• District consolidation in Nevada with the acquisition of Pony Creek, enhancing strategic footprint and resource growth opportunities.

Financial and Investment Overview

• Over $154 million in cash as of Q2 2024, with $78 million debt and $76 million net cash position.

• Debt being reduced each quarter, with a revolver available for future needs.

• Produced 121,877 oz gold at $736/oz AISC in 2023, repaid ~$60 million in debt, and invested $47 million in exploration and project development.

• Record Q2 free cash flow of $44.1 million, strong operating and net profit margins, and continued capital discipline.

• Annual investment of nearly $50 million in growth projects and exploration, with $14 million allocated to Nevada and $23 million to Mexico in 2024.