06:42 AM EDT, 08/13/2024 (MT Newswires) -- Orla Mining ( ORLA ) late on Monday reported higher second-quarter adjusted earnings as revenue increased.

Second-quarter adjusted earnings came in at US$23 million, or US$0.07 per share, up from US$14 million, or US$0.05 per share. The result matched the S&P Capital IQ consensus normalized EPS estimate of US$0.07 for the quarter.

Revenue also rose to US$84.6 million from US$59.3 million.

The company sold 34,875 ounces of gold in the quarter, an increase from 29,773 ounces of gold. Orla produced 33,206 ounces of gold.

The company raised its full-year gold production guidance to a range of 120,000 to 130,000 ounces from its initial guidance range of 100,000 to 110,000 ounces.

Orla also lowered its all-in sustaining cost guidance for the full year to a range of $800 to $900 per ounce of gold sold from the original guidance of $875 to $975 per ounce.