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    John Sclodnick • Desjardins Securities

    John Sclodnick's questions to Orla Mining Ltd (ORLA) leadership

    John Sclodnick's questions to Orla Mining Ltd (ORLA) leadership • Q2 2024

    Question

    John Sclodnick of Desjardins Securities Inc. inquired about the recovery improvement program, asking about the timing of the finer crush size and its impact on processing costs. He also requested guidance on expected gold grades and the strip ratio for the second half of 2024.

    Answer

    President and CEO Jason Simpson explained that the reduced crush size program began in August 2023 and has successfully increased recovery by 3-5% while maintaining throughput and keeping costs within budget. He confirmed that second-half gold grades are expected to align with the annual plan, while the strip ratio will increase to approximately 1.5 to catch up on planned waste stripping for the year.

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    John Sclodnick's questions to Centerra Gold Inc (CGAU) leadership

    John Sclodnick's questions to Centerra Gold Inc (CGAU) leadership • Q2 2024

    Question

    John Sclodnick requested an update on the Goldfield project, asking about drilling progress, column leach test results, and whether the company might use a higher gold price for its upcoming resource estimate. He also had a modeling question about the depreciation expense trend.

    Answer

    Paul Tomory, President and CEO, reported that column leach tests at Goldfield are going 'extremely well' for the run-of-mine oxide focus and that the company is considering using a higher gold price for the resource estimate. Paul Chawrun, COO, addressed the depreciation question, stating it is trending towards the lower end of guidance, partly due to increased reserves at Mount Milligan.

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