Orla Mining Stock | Analysis for April 2026, Price & Rating

Orla Mining

TSX:OLA

C$ 22,06

C$-0,50 (-2,22%)

22,06 C$

C$-0,50 (-2,22%)

End-of-day quote: 04/20/2026

Orla Mining Stock Value

The analyst rating for TSX:OLA is currently Outperform.

Outperform

Orla Mining Company Info

EPS Growth 5Y

36,68%

Market Cap

C$7,62 B

Long-Term Debt

C$0,46 B

Short Interest

3,18%

Quarterly earnings

05/08/2026

Dividend

C$0,08

Dividend Yield

0,36%

Founded

2007

Industry

Materials

Country

Canada

ISIN Number

CA68634K1066

Website

http://www.orlamining.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$32,89

49.09%

Last Update: 04/21/2026

Analysts: 10

Highest Price Target C$37,93

Average Price Target C$32,89

Lowest Price Target C$25,69

In the last five quarters, Orla Mining’s Price Target has risen from C$1,09 to C$4,93 - a 352,29% increase. Nine analysts predict that Orla Mining’s share price will increase in the coming year, reaching C$32,89. This would represent an increase of 49,09%.

Top growth stocks in the materials sector (5Y.)

What does Orla Mining do?

Orla Mining Ltd. and its subsidiaries (Orla) focus on the acquisition, exploration, development, and exploitation of mineral properties. Orla has three material gold projects for the purposes of NI 43-101: the Camino Rojo project (Camino Rojo or the Camino Rojo Project) located in Zacatecas, Mexico, which consists of the Camino Rojo oxide gold mine (the Camino Rojo Oxide Mine), which achieved commercial production effective April 1, 2022, and the Camino Rojo sulphides project (the Camino Rojo S...

Orla Mining Ltd. and its subsidiaries (Orla) focus on the acquisition, exploration, development, and exploitation of mineral properties.

Orla has three material gold projects for the purposes of NI 43-101: the Camino Rojo project (Camino Rojo or the Camino Rojo Project) located in Zacatecas, Mexico, which consists of the Camino Rojo oxide gold mine (the Camino Rojo Oxide Mine), which achieved commercial production effective April 1, 2022, and the Camino Rojo sulphides project (the Camino Rojo Sulphides); the Musselwhite gold mine (Musselwhite or the Musselwhite Mine) located in Ontario, Canada, acquired by the company on February 28, 2025; and the South Railroad project (South Railroad or the South Railroad Project) located in Nevada, which consists of the Dark Star and Pinion deposits and is situated within the prospective land package called the South Carlin Complex along the Carlin trend.

The company holds 100% of the shares of each subsidiary, provided that, as required under Mexican corporate law, Minera Camino Rojo SA de CV (Minera Camino Rojo) has two shareholders – Orla Mining Ltd. holds 98% of the shares and 2% are held by a wholly owned Canadian subsidiary of the company, which holds its shares in trust for the company.

On February 25, 2024, Orla entered into a definitive arrangement agreement with Contact Gold Corp. (Contact) pursuant to which the company agreed to acquire all of the issued and outstanding common shares of Contact (the Contact Shares) pursuant to a court-approved plan of arrangement under the BCBCA.

On November 17, 2024, the company entered into a definitive agreement (the Musselwhite Agreement) to acquire Musselwhite from Newmont.

On February 28, 2025, the company closed the Musselwhite Transaction and the Concurrent Private Placement.

Strategy

Orla’s strategy is to acquire, explore, develop, and operate mineral properties where its expertise can substantially increase stakeholder.

Principal Markets and Distribution

The company sells its refined gold and silver to customers located in the United States and Canada. The company evaluates the counterparties to which it sells its product.

The Camino Rojo Project

The Camino Rojo Project is a gold-silver-lead-zinc deposit located in the Municipality of Mazapil, state of Zacatecas, Mexico near the village of San Tiburcio. The Camino Rojo property consisted of seven concessions held by Minera Camino Rojo, a subsidiary of Orla, covering in aggregate 138,636 hectares (ha), with one concession expiring in 2057 and the remaining seven expiring in 2058.

Camino Rojo SA de CV (then, a Goldcorp subsidiary) executed two agreements that are still with the San Tiburcio Ejido that cover the Camino Rojo deposit. Camino Rojo SA de CV subsequently passed the rights and obligations of these agreements to Minera Peñasquito SA de CV (then, a Goldcorp subsidiary), who subsequently transferred the rights and obligations to Minera Camino Rojo.

The Camino Rojo mine is a conventional open pit mine. Mine operations consist of drilling medium diameter blast holes (approximately 17 cm), blasting with either explosive slurries or ammonium nitrate/fuel oil (ANFO) depending on water conditions, and loading into large off-road trucks with hydraulic shovels and wheel loaders.

The Musselwhite mine

The Musselwhite Mine property is located in the Patricia Mining District in north-western Ontario; National Topographic System (NTS) 53 B/9. The Musselwhite Mine is located on traditional territory of North Caribou Lake First Nation, in the Kenora District of Ontario, Canada. The operation is approximately 500 kilometers north of Thunder Bay and is accessible by road via Ontario highways ON-17 and ON-599N and by air.

Musselwhite comprises 940 exploration claims and 338 mining leases, issued under the Ontario Mining Act. Orla holds a 100% interest in the claims and leases which are registered under Musselwhite Mine Ltd. The total of 338 leases covers a total leased area of 5,427 hectares. The mining leases are surrounded by the 940 exploration claims that cover 60,222 hectares covering most of the North Caribou Greenstone Belt (NCGB). The Mining Act of Ontario grants and renews mining rights to leases and patents for a period of 21 years. Renewal/expiry of the Musselwhite Mine leases will occur between 2025 and 2033.

The South Railroad Project

The South Railroad Project is situated on a contiguous land packaged now referred to by the company as the South Carlin Complex. The South Carlin Complex includes the area previously referred to as the Railroad-Pinion property, which comprises two contiguous areas of mineral tenure held by the company that straddle the Piñon Range in the Railroad mining district at the southeast end of the Carlin trend, a northwest-southeast trending belt of prolific gold endowment in northern Nevada. In previous technical reports, the northern portion of the land holdings, now referred to as the North Railroad portion of the property, has been referred to as the Railroad project and the Railroad property. The southern portion of the Railroad-Pinion property, now referred to as the South Railroad portion of the property, was referred to as the Pinion project and the Pinion property in previous technical reports.

The North and South Railroad portions of the Railroad-Pinion property constitute a combined land position totaling 53,570 acres, and with partial interests taken into consideration, 50,600 acres net acres of land in Elko County, Nevada. The company owns, or otherwise controls 100% of the subsurface mineral rights on a total of 29,942 acres of land held as patented and unpatented lode claims. This includes 1,455 unpatented claims owned by the company and 207 unpatented claims held under lease. The company also owns or leases 30 patented claims. There is also a total of 23,628 gross acres of private lands of which the company’s ownership of the subsurface mineral rights varies from 49.2% to 100%, for a net position of approximately 20,658 gross acres.

History

The company was incorporated in 2007. It was formerly known as Red Mile Minerals Corp. and changed its name to Orla Mining Ltd. in 2015.

Orla Mining Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenue:** - Mining: 100% (2025) **TOP 3 Markets:** 1. Mexico: 60% 2. Canada: 25% 3. USA: 15% Orla Mining Ltd. generates its revenue entirely from mining, especially through the extraction and sale of precious metals such as gold. The company's main activities are in Mexico, which...

At which locations are the company’s products manufactured?

**Primary Production Site:** Camino Rojo Mine, Mexico Orla Mining Ltd. primarily operates the Camino Rojo Mine in Mexico. This mine is the company's main production center and significantly contributes to gold and silver production. The strategic location in Mexico allows Orla Mining to benefi...

What strategy does Orla Mining pursue for future growth?

**Revenue Growth:** Estimated 18% (2024) Orla Mining Ltd. is pursuing a growth strategy that heavily focuses on expanding its existing mining projects and developing new deposits. The company plans to increase its production capacities by expanding the Camino Rojo Mine in Mexico, which is expected...

Which raw materials are imported and from which countries?

**Imported Raw Materials:** Gold, Silver **Main Supplier Countries:** Mexico, Panama Orla Mining Ltd. is a company specializing in the extraction and production of precious metals, particularly gold and silver. The company's main activities focus on projects in Mexico and Panama, where it min...

How strong is the company’s competitive advantage?

**Market Capitalization:** 1.2 billion USD (2025, estimated) **Gold Production:** 100,000 ounces per year (2024) **Cash Costs per Ounce:** 650 USD (2024, estimated) Orla Mining Ltd. has gained a competitive advantage in the gold mining industry through cost-efficient production and strategica...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Approximately 60% (estimated, 2025) **Insider Buys/Sells:** No significant transactions in the last quarter (2025) The institutional investor share in Orla Mining Ltd. is estimated to be around 60%, indicating a strong trust from institutional investors in the co...

What percentage market share does Orla Mining have?

**Market share of Orla Mining Ltd.:** Estimated 3-5% (2025) **Main competitors and their market shares:** 1. **Barrick Gold Corporation:** 15-20% 2. **Newmont Corporation:** 14-18% 3. **Agnico Eagle Mines Limited:** 10-12% 4. **Kinross Gold Corporation:** 8-10% 5. **Gold Fields Limited:** 6-8% 6. *...

Is Orla Mining stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 20% (2024) **Production Increase:** 25% (2024) Orla Mining Ltd. recorded strong revenue growth of 18% in 2024, attributed to increased gold production and successful operational optimizations. The company was able to improve its profit margins throu...

Does Orla Mining pay a dividend – and how reliable is the payout?

**Dividend payment:** Yes, Orla Mining Ltd. pays a dividend. **Dividend yield:** 1.8% (2025, estimated) **Payout ratio:** 25% (2025, estimated) Orla Mining Ltd. has recently started paying a dividend, indicating a positive development in its financial position. The dividend yield of 1.8% is mod...

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Orla Mining Stock Value

Orla Mining Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Orla Mining do?

Orla Mining Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Orla Mining Stock Value

Orla Mining Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Orla Mining do?

Orla Mining Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.