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An announcement from Orla Mining ( (TSE:OLA) ) is now available.
Orla Mining reported first-quarter 2026 gold output of 81,206 ounces and sales of 81,540 ounces, keeping the company on track to meet its annual production guidance of 340,000 to 360,000 ounces. The miner ended the quarter with a net cash position of $96 million, underpinned by strong contributions from both Musselwhite in Canada and Camino Rojo in Mexico.
At Musselwhite, high-grade ore and nearly 96% recoveries drove production of 62,985 ounces, while extensive underground development and drilling continued to target reserve and resource growth. Camino Rojo delivered 18,221 ounces and secured a key Mexican environmental permit, giving Orla all necessary approvals to mine the remainder of the oxide open pit, including the layback, and reinforcing 2026 as a milestone-rich year for the portfolio.
The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.
Spark’s Take on OLA Stock
According to Spark, TipRanks’ AI Analyst, OLA is a Outperform.
The score is led by strong financial performance (rapid revenue growth, sustained profitability since 2024, and very strong recent cash generation) and a supportive earnings update (record free cash flow and project progress). These positives are tempered by weak technical momentum (below key moving averages with negative MACD) and mixed valuation (high yield but a mid-to-higher P/E).
To see Spark’s full report on OLA stock, click here.
More about Orla Mining
Orla Mining is a precious metals producer focused on acquiring, developing, and operating 100%-owned gold and silver assets in the Americas. Its key operations include the Camino Rojo open-pit and heap leach mine in Mexico, which also hosts a potential underground project, and the Musselwhite underground gold mine in Canada, alongside a development-stage project.
Average Trading Volume: 1,097,442
Technical Sentiment Signal: Buy
Current Market Cap: C$8.64B
For a thorough assessment of OLA stock, go to TipRanks’ Stock Analysis page.