11/13/2024

speaker
Rob
Conference Operator

Good morning, ladies and gentlemen, and welcome to Orla Mining's conference call for the third quarter 2024 results. My name is Rob and I will be your conference operator today. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. Please be advised that this call is being recorded. I would like to turn the meeting over to Andrew Bradbury, Vice President, Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury.

speaker
Andrew Bradbury
Vice President, Investor Relations and Corporate Development

Thank you, operator, and welcome to the third quarter 2024 results conference call. We will be making forward looking statements during today's call in the direction to the first and third slides of the presentation, which contains important questions regarding these forward looking statements. All dollar amounts discussed today will refer to U.S. dollars unless otherwise indicated. The OLA executive team is on the call this morning, and I'll now pass the call to Jason Simpson, President and CEO.

speaker
Jason Simpson
President and CEO

Thanks, Andrew. During the third quarter, Camino Rojo had record production at low costs. This record production and low costs in a record gold price environment drove strong margins and cash flow. As a result, we took the opportunity to pay off all our outstanding debt, taking us to a debt-free status, positioning us well for future investment in the business. Part of the growth investment we'll discuss today is the construction planning for the South Railroad project and exploration in Nevada on our South Carlin Complex. We have the executive team on the call to provide specific updates. As a result of the continued performance at Camino Rojo, we increased our production guidance for a second time this year and our tracking to 130 to 140,000 ounces produced at the low end of the all-in sustaining cost guidance of $800 to $900 per ounce. Our Chief Operating Officer, Andrew Cormier, will now discuss this operating performance.

Disclaimer

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Investor presentation