The Globe and Mail reports in its Thursday edition that Stifel analyst Ingrid Rico continues to rate Orla Mining "buy," with a $15.50 share target. The Globe's David Leeder writes that analysts on average target the shares at $10.93. Ms. Rico says in a note: "Following its recent acquisition of the Musslewhite mine, we see Orla Mining reinforcing its strategy of growth as it strengthens its diversified, mid-tier gold miner position with current operations taking the company to a more than 300koz/yr run-rate (vs 137koz in 2024a), supported by well-established production in Canada, and its high-margin Camino Rojo mine in Mexico. With combined cash flow generation, we see Orla showing a clearer path for its next near-term growth development in Nevada, that we project takes OLA to 500koz/yr in 2028e. Orla's has an enviable list of top shareholders that are supportive of the company's vision, and importantly, are visible financial backers of the growth strategy, which benefits Orla's cost capital relative to its mid-tier peers. We see OLA on its way towards multiple expansion reflecting the 'Canadian mine premium,' setting strong foundations as mid-tier, derisking of growth pipeline and daylighting exploration upside."
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