13:58:06 EST Mon 23 Feb 2026
Enter Symbol
or Name
USA
CA



Orla Mining Ltd
Symbol OLA
Shares Issued 344,467,162
Close 2026-02-20 C$ 25.60
Market Cap C$ 8,818,359,347
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Globe says feds quietly set record straight on Orla

2026-02-23 08:10 ET - In the News

The Globe and Mail reports in its Saturday edition that a federal government publication in December incorrectly said an Ontario regional tribal council was weighing the purchase of the Musselwhite gold mine in Northern Ontario, causing confusion for investors and consternation for owner Orla Mining. The Globe's Niall McGee writes that after The Globe pointed out the error last month, the government quietly updated the publication, but has not issued a clarifying public news release. In an on-line backgrounder information package published alongside the December news release, the Federal Economic Development Agency for Northern Ontario (FedNor) said that it was providing $400,000 to Shibogama First Nations Council. The backgrounder said Shibogama was receiving the funds for the completion of a two-phase business analysis process, "part of the due diligence being done regarding the potential purchase of Musselwhite Mine." The announcement garnered media attention with the federal minister responsible for FedNor, Patty Hajdu, holding a media event and the CBC publishing a story which mentioned Shibogama potentially buying Musselwhite. The mine started production in 1997 and has produced around six million ounces of gold.

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