Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, lead, zinc, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 163,129 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,800 hectares located in the Azuero Peninsula, Panama. The company was formerly known as Red Mile Minerals Corp. and changed its name to Orla Mining Ltd. in June 2015. Orla Mining Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.
IPO Year: 2020
Exchange: AMEX
Website: orlamining.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/23/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 12/15/2023 | Outperform | RBC Capital Mkts | |
| 6/2/2023 | $7.25 | Buy | Stifel |
More than Doubles Orla's Annual Gold Production to Over 300 koz with Near-Term Growth to 500 koz; Orla to Become a Premier, North America-Focused, Multi-Asset, Low Cost, Producing Gold Company. VANCOUVER, BC, Nov. 18, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to announce it has entered into a definitive agreement (the "Agreement") to acquire the Musselwhite Gold Mine ("Musselwhite") in Ontario from Newmont Corporation ("Newmont") for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million (the "Transaction")1.
Company Striding Towards Record Year of Production and Cash Flow VANCOUVER, BC, Nov. 12, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") today announces the results for the third quarter ended September 30, 2024. (All amounts expressed in U.S. dollars unless otherwise stated) Third Quarter 2024 HighlightsThird quarter gold production was 43,788 ounces and gold sold was 38,265 ounces. As a result of the continued outperformance at Camino Rojo, the Company increased its full year gold production guidance to 130,000 to 140,000 ounces. (pre-released).
37.6 m @ 1.15 g/t Au (Ox) and 44.7 m @ 0.77 g/t Au (Ox)45.7 m at 0.67 g/t Au (Ox), incl. 12.2 m at 1.24 g/t Au (Ox)13.7 m at 1.82 g/t Au (Ox) VANCOUVER, BC, Oct. 31, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an update on its exploration at the South Railroad Project ("South Railroad" or the "Project"). Highlights: Significant gold intercepts indicate strong potential to expand oxide gold mineralization beyond the projected open pit boundaries and extend the projected mine life at the Pinion and Dark Star deposits. Higher grade sulphide gold mineralization is also being encountered.The ongoing drilling program focuses on defining new o
Camino Rojo Delivers Record Quarterly Gold Production of 43,788 oz Leading to Increased Production Guidance VANCOUVER, BC, Oct. 10, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an operational update for the third quarter ended September 30, 2024, and provide an update to annual production guidance. (All amounts expressed in millions of US dollars, as at September 30, 2024 and are unaudited) Third Quarter 2024 Camino Rojo Oxide Mine Operational Update The Camino Rojo Oxide Mine produced 43,788 ounces and sold 38,265 ounces
Robust Margin Expansion Driving Record Free Cash Flow VANCOUVER, BC, Aug. 12, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") today announces the results for the second quarter ended June 30, 2024. (All amounts expressed in U.S. dollars unless otherwise stated) Second Quarter 2024 Highlights Second quarter gold production was 33,206 ounces and gold sold was 34,875 ounces (pre-released). Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 120,000 to 130,00
Camino Rojo Delivers Another Strong Quarter of Gold Production VANCOUVER, BC, July 10, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an interim operational update for the second quarter ended June 30, 2024. (All amounts expressed in millions of US dollars, as at June 30, 2024 and are unaudited unless otherwise stated) Second Quarter 2024 Camino Rojo Oxide Mine Operational Update The Camino Rojo Oxide Mine produced 33,206 ounces and sold 34,875 ounces of gold during the second quarter 2024. Camino Rojo Mining and Processing
VANCOUVER, BC, June 26, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an update on its exploration activities at Camino Rojo Sulphide Extension from the first half of 2024. Highlight results: 4.57 g/t Au, 19.4 g/t Ag, 2.56% Zn, (6.16 g/t AuEq) over 15m, incl. 51.1 g/t Au, 8.08% Zn over 0.8m6.72 g/t Au, 7.7 g/t Ag, 0.79% Zn (7.24 g/t AuEq) over 6.6m, incl. 78.6 g/t Au, 8.24% Zn over 0.5m3.49 g/t Au, 7.60 g/t Ag, 1.06% Zn (4.12 AuEq) over 9.8m, incl. 16.6 g/t Au, 5.63% Zn over 1.5m 86% gold recovery rate via bottle roll tests2024 Camino Rojo Extension Exploration Results (Mexico): This press release provides results from 19 drill holes and
VANCOUVER, BC, May 14, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") today announces the results for the first quarter ended March 31, 2024. (All amounts expressed in U.S. dollars unless otherwise stated) First Quarter 2024 HighlightsFirst quarter gold production was 33,223 ounces and gold sold was 32,046 ounces (pre-released).All-in sustaining costs ("AISC")1 was $909 per ounce of gold sold during the first quarter 2024.Adjusted earnings1 for the first quarter were $16.8 million or $0.05 per share.Net income for the first quarter was $17.5 mill
VANCOUVER, BC, April 10, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an interim operational update for the first quarter ended March 31, 2024 and an update on its activities in Panama. (All amounts expressed in millions of US dollars, as at March 31, 2024 and are unaudited unless otherwise stated) First Quarter 2024 Camino Rojo Oxide Mine Operational UpdateThe Camino Rojo Oxide Mine produced 33,223 ounces and sold 32,046 ounces of gold during the first quarter 2024. Camino Rojo Mining and Processing Totals Q1 2024 Ore Mined tonnes 1,943,865 Waste Mined tonnes 872,571 Total Mined tonnes 2,816,435 Strip Ratio w:o 0.45 Ore Stacked tonnes
51.8m @ 3.24 g/t Au (Sulphide)42.7m @ 3.96 g/t Au, incl. 3.10m @ 21.1g/t (Sulphide) VANCOUVER, BC, April 4, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an update on its exploration at the South Railroad Project ("South Railroad" or the "Project") including 2023 activities and 2024 work plans. This news release presents the second of two updates and highlights Orla's regional drilling activities at the Project. Highlights:Confirmation of strong Carlin-Type mineralization at North Bullion sulphide deposit.Infill and metallurgical drilling at Jasperoid Wash near-surface oxide deposit.Mineralization extensions at North Bullion and Jasperoid
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More than Doubles Orla's Annual Gold Production to Over 300 koz with Near-Term Growth to 500 koz; Orla to Become a Premier, North America-Focused, Multi-Asset, Low Cost, Producing Gold Company. VANCOUVER, BC, Nov. 18, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to announce it has entered into a definitive agreement (the "Agreement") to acquire the Musselwhite Gold Mine ("Musselwhite") in Ontario from Newmont Corporation ("Newmont") for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million (the "Transaction")1.
Company Striding Towards Record Year of Production and Cash Flow VANCOUVER, BC, Nov. 12, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") today announces the results for the third quarter ended September 30, 2024. (All amounts expressed in U.S. dollars unless otherwise stated) Third Quarter 2024 HighlightsThird quarter gold production was 43,788 ounces and gold sold was 38,265 ounces. As a result of the continued outperformance at Camino Rojo, the Company increased its full year gold production guidance to 130,000 to 140,000 ounces. (pre-released).
37.6 m @ 1.15 g/t Au (Ox) and 44.7 m @ 0.77 g/t Au (Ox)45.7 m at 0.67 g/t Au (Ox), incl. 12.2 m at 1.24 g/t Au (Ox)13.7 m at 1.82 g/t Au (Ox) VANCOUVER, BC, Oct. 31, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an update on its exploration at the South Railroad Project ("South Railroad" or the "Project"). Highlights: Significant gold intercepts indicate strong potential to expand oxide gold mineralization beyond the projected open pit boundaries and extend the projected mine life at the Pinion and Dark Star deposits. Higher grade sulphide gold mineralization is also being encountered.The ongoing drilling program focuses on defining new o
VANCOUVER, BC, Oct. 15, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the "Credit Facility") totalling $58.4 million. With this repayment, the Company is now debt free with cash on hand of approximately $120 million. The Credit Facility of $150.0 million will remain in place and be available to the Company until its expiry on August 28, 2027. (All amounts expressed are in millions of US dollars and are unaudited).
Camino Rojo Delivers Record Quarterly Gold Production of 43,788 oz Leading to Increased Production Guidance VANCOUVER, BC, Oct. 10, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an operational update for the third quarter ended September 30, 2024, and provide an update to annual production guidance. (All amounts expressed in millions of US dollars, as at September 30, 2024 and are unaudited) Third Quarter 2024 Camino Rojo Oxide Mine Operational Update The Camino Rojo Oxide Mine produced 43,788 ounces and sold 38,265 ounces
VANCOUVER, BC, Aug. 26, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to announce the release of its 2023 Sustainability Report, continuing to highlight the Company's commitment to environmental, social, and governance ("ESG") initiatives. Orla operates the Camino Rojo mine in Zacatecas, Mexico and is developing the South Railroad project in Nevada, US, with active exploration programs at both sites. In a commitment to sustainability and in an effort to minimize consumption, the 2023 report is being presented online and is available here: Orla Mining: Sustainability Report 2023. The Company's "Towards 2030 Sustainability Strategy" is designed to del
Robust Margin Expansion Driving Record Free Cash Flow VANCOUVER, BC, Aug. 12, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") today announces the results for the second quarter ended June 30, 2024. (All amounts expressed in U.S. dollars unless otherwise stated) Second Quarter 2024 Highlights Second quarter gold production was 33,206 ounces and gold sold was 34,875 ounces (pre-released). Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 120,000 to 130,00
Camino Rojo Delivers Another Strong Quarter of Gold Production VANCOUVER, BC, July 10, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an interim operational update for the second quarter ended June 30, 2024. (All amounts expressed in millions of US dollars, as at June 30, 2024 and are unaudited unless otherwise stated) Second Quarter 2024 Camino Rojo Oxide Mine Operational Update The Camino Rojo Oxide Mine produced 33,206 ounces and sold 34,875 ounces of gold during the second quarter 2024. Camino Rojo Mining and Processing
VANCOUVER, BC, July 3, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") announces that, further to its April 10, 2024, news release, the Company has filed a Request for Arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement (the "FTA"). The Request for Arbitration asserts that measures taken by Panama in respect of the Cerro Quema Project constitute violations of Panama's legal obligations under the FTA and customary international law. A Notice of Intent to Arbitrate was filed with the Government of Panama under
VANCOUVER, BC, June 26, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to provide an update on its exploration activities at Camino Rojo Sulphide Extension from the first half of 2024. Highlight results: 4.57 g/t Au, 19.4 g/t Ag, 2.56% Zn, (6.16 g/t AuEq) over 15m, incl. 51.1 g/t Au, 8.08% Zn over 0.8m6.72 g/t Au, 7.7 g/t Ag, 0.79% Zn (7.24 g/t AuEq) over 6.6m, incl. 78.6 g/t Au, 8.24% Zn over 0.5m3.49 g/t Au, 7.60 g/t Ag, 1.06% Zn (4.12 AuEq) over 9.8m, incl. 16.6 g/t Au, 5.63% Zn over 1.5m 86% gold recovery rate via bottle roll tests2024 Camino Rojo Extension Exploration Results (Mexico): This press release provides results from 19 drill holes and
VANCOUVER, BC, June 20, 2024 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to report the voting results for the election of its Board of Directors, which took place at the Company's Annual General and Special Meeting of Shareholders ("AGM") held today. All nominees, as set forth in the Company's Management Information Circular dated May 14, 2024, were elected as directors of Orla at the AGM. Detailed results of the votes are set out below: Nominee Votes For % For Votes Against % Against Charles Jeannes 224,153,774 98.32 % 3,827,313 1.68 % Jason Simpson 227,913,401 99.97 % 67,686 0.03 % Jean Robitaille 212,682,458 93.29 % 15,298,628 6.71 % Tim Haldane 22
VANCOUVER, BC, June 21, 2023 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to report the voting results for the election of its Board of Directors, which took place at the Company's Annual General and Special Meeting of Shareholders ("AGM") held today. All nominees, as set forth in the Company's Management Information Circular dated May 11, 2023 ("Circular"), were elected as directors of Orla at the AGM. Detailed results of the votes are set out below: Nominee Votes For % For Votes Against % Against Charles Jeannes 234,288,614 99.15 % 2,007,046 0.85 % Jason Simpson 236,235,996 99.97 % 59,664 0.03 % Jean Robitaille 222,749,093 94.27 % 13,546,567 5.73 % Ti
VANCOUVER, BC, June 23, 2022 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to report the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special Meeting of Shareholders ("AGM") held today. All nominees, as set forth in the Company's Management Information Circular dated May 12, 2022 ("Circular"), were elected as directors of Orla at the AGM. Detailed results of the votes are set out below: Nominee Votes For % For Votes Withheld % Withheld Charles Jeannes 140,692,198 82.78 % 29,261,278 17.22 % Jason Simpson 155,130,277 91.28 % 14,823,199 8.72 % Jean Robitaille 141,055,551 83.00 % 28,897,925 17.00 % T
VANCOUVER, BC, May 14, 2021 /CNW/ - Orla Mining Ltd. (TSX:OLA) (NYSE:ORLA) ("Orla" or the "Company") is pleased to report the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special Meeting of Shareholders ("AGM") held today. All nominees, as set forth in the Company's Management Information Circular dated April 6, 2021 ("Circular"), were elected as directors of Orla at the AGM. Detailed results of the votes are set out below: Nominee Votes For % For Votes Withheld % Withheld Charles Jeannes 159,235,659 90.75% 16,236,686 9.25% Richard Hall 174,827,645 99.63% 644,701 0.37% Jason Simpson 171,337,399 97.64% 4,134,946 2.36% Jean Robitaille
Scotiabank downgraded Orla Mining from Sector Outperform to Sector Perform
RBC Capital Mkts initiated coverage of Orla Mining with a rating of Outperform
Stifel resumed coverage of Orla Mining with a rating of Buy and set a new price target of $7.25
Orla Mining (AMEX:ORLA) has outperformed the market over the past 5 years by 19.14% on an annualized basis producing an average annual return of 32.49%. Currently, Orla Mining has a market capitalization of $1.30 billion. Buying $100 In ORLA: If an investor had bought $100 of ORLA stock 5 years ago, it would be worth $408.23 today based on a price of $4.09 for ORLA at the time of writing. Orla Mining's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and r
Scotiabank analyst Ovais Habib downgrades Orla Mining (TSX:OLA) from Sector Outperform to Sector Perform and maintains C$5.75 price target.
Stifel analyst Stephen Soock maintains Orla Mining (AMEX:ORLA) with a Buy and raises the price target from $6 to $6.25.
Orla Mining (AMEX:ORLA) reported quarterly Adj earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 25 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $67.30 million which beat the analyst consensus estimate of $63.38 million by 6.19 percent. This is a 31.62 percent increase over sales of $51.13 million the same period last year.
Orla Mining (AMEX:ORLA) has outperformed the market over the past 5 years by 27.69% on an annualized basis producing an average annual return of 39.24%. Currently, Orla Mining has a market capitalization of $1.27 billion. Buying $1000 In ORLA: If an investor had bought $1000 of ORLA stock 5 years ago, it would be worth $5,233.69 today based on a price of $4.02 for ORLA at the time of writing. Orla Mining's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine a
The S&P 500 Probably Isn't Going To Crash 50% Anytime Soon Raising the possibility of a 50% market crash always grabs attention, as does promoting the benefit of holding gold in a portfolio, as the title of Wealthion's recent Zero Hedge post does ("Will the S&P 500 Crash By 50%? How Gold Could Protect Your Portfolio"). I was all set to argue against the idea of a 50% market crash this year, but then I watched Wealthion's interview with market technician Chris Vermeulen, and it turns out he's not calling for that. I've set the video below to start at Vermeulen's global market prediction toward the end of the interview. , It turns out Vermeulen isn't calling for a 50% drop in the market th
Orla Mining (AMEX:ORLA) reported quarterly adjsuted earnings of $0.05 per share which beat the analyst consensus estimate of $0.01 by 400 percent. This is a 28.57 percent decrease over earnings of $0.07 per share from the same period last year. The company reported $62.90 million in sales this quarter. This is a 10.82 percent increase over sales of $56.76 million the same period last year.