06:44:37 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Orla Mining Ltd
Symbol OLA
Shares Issued 313,458,327
Close 2023-08-29 C$ 6.40
Market Cap C$ 2,006,133,293
Recent Sedar Documents

Globe says Orla Mining maintained at "buy"

2023-08-30 07:47 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 30, edition that Stifel analyst Stephen Soock has reaffirmed his "buy" recommendation and $7.50 share target for Orla Mining. The Globe's David Leeder writes that analysts on average target the shares at $7.29. The Globe says Mr. Soock calls Orla a "production growth story." Mr. Soock says in a note: "We believe the company executed the Camino Rojo oxide project construction very well and will continue to build mines, building on its established track record. The company plans to use the cash generated by Camino Rojo to fund construction of the Cerro Quema oxide project and the South Railroad oxide project. This will give Orla a diversified production asset base minting more than 250koz/yr. We see this followed by construction of the polymetallic Camino Rojo Sulphides scoped as an underground scenario targeting the highest-grade portions of the deposit. We think this asset alone can produce more than 250koz AuEq/yr for almost two decades. We see the high-margin, low-capex oxide mines providing a non-dilutive cash source to fund organic production growth." The Globe reported on June 2 that Mr. Soock rated Orla Mining "buy" when it was worth $6.24.

© 2024 Canjex Publishing Ltd. All rights reserved.