Orla Mining Ltd (OLA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Orla Mining's conference call for the fourth quarter 2025 results. My name is Regina, 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'd like to withdraw your question, press star one a second time. Please be advised that this call is being recorded. I would now like to turn the meeting over to Andrew Bradbury, Vice President, Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury. Thank you, Regina, and welcome to ORLA's fourth quarter 2025 results conference call. We will be making forward-looking statements during today's call, and I would direct you to the next few slides of the presentation, which contain important cautionary notes regarding these forward-looking statements. All dollar amounts discussed today will refer to U.S. dollars unless otherwise indicated. The Orla executive team is on the call this morning, and I'll now pass it to Jason Simpson, President and CEO. Thanks, Andrew. Good morning, everyone. The fourth quarter 2025 was an incredibly strong period to end a pivotal year for Orla. We more than doubled our annual gold production through the addition of our Muscle White mines. Alongside record gold prices, we generated significant cash flow, which positioned us to deliver the balance sheet, initiate a dividend, and continue investing in the growth of our business in Canada, United States, and Mexico. Our acquisition of Musselwhite meant the addition of a high quality team and an exceptional geologic asset that ...