Andrew Mikitchook's questions to Orla Mining Ltd (ORLA) leadership • Q1 2024
Question
Andrew Mikitchook of BMO Capital Markets sought clarification on the current permitting environment in Mexico, requested more specific timing on key milestones for the Nevada permitting process, and asked about the financial impact of the revised mine stripping plan at Camino Rojo on annual guidance.
Answer
President and CEO Jason Simpson confirmed there has been no change in the Mexican permitting environment ahead of the election. For Nevada, he detailed that Orla is progressing through the NEPA process, with a Notice of Intent targeted for late 2024/early 2025 to stay on track for 2027 production. Simpson also clarified that the revised stripping plan at Camino Rojo was anticipated in the annual guidance and therefore should not materially impact the company's all-in sustaining cost (AISC) forecast for the year.