Example ...Orla Mining.. T.OLA
315 m shares trading at $4.15 with a market cap of $1.3 billion and target of $5.25 equal to a market cap target of $1.8 billion.
And producing 120,000 ounces per year with a balance sheet much like GAU..
By comparision at similar price to Production , GAU would be about $ 9 per share on 167,000 ounces in 2024 and and $15 per share at 2025-30 production of 240,000 ounces..
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INCREASES 2023 ANNUAL GOLD PRODUCTION GUIDANCE
Orla Mining Ltd. has provided an interim operational update for the third quarter ended Sept. 30, 2023.
During the third quarter of 2023, the Camino Rojo oxide mine produced and sold 32,425 and 31,060 ounces of gold, respectively.
Year to date, Camino Rojo has been performing better than planned, and as a result, the company is increasing full-year gold production guidance to 110,000 to 120,000 ounces, from its initial guidance of 100,000 to 110,000 ounces.
As at Sept. 30, 2023, Orla had a cash position of $132.7-million (U.S.) and $36.7-million (U.S.) undrawn on its revolving credit facility, for total liquidity of $169.4-million (U.S.). Subsequent to quarter-end, Orla repaid $25-million (U.S.) toward its revolving credit facility, reducing the balance outstanding under the facility to $88.4-million (U.S.).
Third quarter 2023 conference call