Orla Mining gains after Q1 profit beat

Orla Mining

15/05/2024 15:27

** Shares of Canadian gold producer Orla Mining  OLA.TO  up
4.8% at C$5.46
    ** Co posts adj. EPS of 5 cents/shr vs est. of 4 cents/shr -
LSEG data 
    ** Q1 gold production rises to 33,223 ounces vs 25,910
ounces a year earlier 
    ** Brokerage TD Cowen says co's higher costs were more than
offset by lower interest expenses
    ** Co says it intends to increase 2024 exploration budget in
Nevada by $3 mln 
    ** Including session's gain, stock up ~26% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))