Red-hot Mid-cap Miner Does Better Than Gold
This gold miner has outpaced gold this year, supported by record production, a transformational mine acquisition and its first dividend payout.
Key Takeaways
Orla’s US-listed shares have climbed more than 231% over the past year, outpacing gold’s roughly 96% rise over the same period.
Analysts expect gold prices to remain elevated in 2026, supported by geopolitical tensions and continued central bank buying, with Deutsche Bank forecasting prices as high as $6,000 per ounce by year-end.
The upcoming mine in Nevada is expected to drive growth, but final permits are still pending and production remains nearly two years away.
Good as Gold
Orla Mining is a mid-cap gold miner with a primary listing in Toronto [OLA:TO] and a secondary listing on the NYSE [ORLA].
2025 marked a major turning point for Orla. The acquisition of the Musselwhite gold mine in Canada diversified it away from its flagship Camino Rojo mine in Mexico and lifted annual gold production above 300,000 ounces for the first time.
The year also saw Orla declare its first-ever cash dividend, as the speculative junior miner became a more established producer.
Orla’s US-listed shares have climbed more than 231% over the past year, as of January 28, far outpacing gold’s roughly 96% rise over the same period.
Positive outlook for gold has whetted investor appetite for miners like Orla, which are seen as a leveraged play on the precious metal.
Orla is now looking to capitalize on elevated gold prices to advance its South Railroad project in Nevada, which is positioned as the company’s next major growth engine.
Investor attention is now focused on whether Orla can deliver the South Railroad project on time and within budget, at a time when the stock is trading at higher valuation levels.
