- Aola Mining Press Release (NYSE: ORLA): Second-quarter non-GAAP earnings per share were $0.07.
- Revenue was $84.6 million (year-over-year growth of 42.7%).
- Second quarter gold production was 33,206 ounces and gold sales were 34,875 ounces (pre-release).
- The all-in sustaining cost (“AISC”) of gold sold in the second quarter of 2024 was US$782 per ounce, compared with last year’s The AISC per ounce of gold sold to date is $843.
- Second quarter cash flow from operating activities before non-cash working capital changes was $53.2 million.
- Exploration and project expenses for the quarter were US$9.7 million, of which US$3.1 million was capitalized and US$6.6 million was expensed.
- As of June 30, 2024, Orla’s cash balance was $154.3 million, an increase of $36.2 million from the previous quarter. Net cash ended the quarter at $76 million.
- prospect: The company raised its full-year gold production guidance to 120,000 to 130,000 ounces from an initial range of 110,000 to 120,000 ounces.
- AISC’s full-year 2024 gold sales guidance has been raised to $800-$900 per ounce from the original range of $875-$975 per ounce.
