Orla Mining Unveils Initial Underground Resource Estimate for Camino Rojo

An update from Orla Mining ( (TSE:OLA) ) is now available.

Orla Mining has announced the first underground Mineral Resource estimate for its Camino Rojo deposit in Mexico, marking a significant milestone in the project’s development. The estimate includes 3.95 million ounces of measured and indicated gold resources and 0.40 million ounces of inferred gold resources. This development paves the way for future exploration and potential construction, with ongoing drilling and metallurgical work supporting the project’s advancement. The announcement underscores Orla Mining’s strategic focus on expanding its resource base and enhancing its long-term production potential at Camino Rojo.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$7.50 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 TSE:OLA Stock

According to Spark, TipRanks’ AI Analyst, TSE:OLA is a Outperform.

Orla Mining exhibits strong financial health with robust revenue growth and strategic acquisitions, including the recent Musselwhite Mine acquisition. The financial performance is a major strength, supported by solid balance sheets and cash flow. However, technical analysis shows bearish trends, and the valuation presents challenges with a negative P/E ratio and no dividend yield. Despite these hurdles, positive earnings call sentiment and strategic guidance bolster the outlook, making Orla Mining an attractive investment in the gold sector.

To see Spark’s full report on TSE:OLA stock, click here.

More about Orla Mining

Orla Mining Ltd. is a mining company focused on the exploration and development of mineral resources. The company primarily operates in the gold mining industry, with its key project being the Camino Rojo deposit located in Zacatecas, Mexico. Orla Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange.

Average Trading Volume: 667,550

Technical Sentiment Signal: Buy

Current Market Cap: C$4.99B

Find detailed analytics on OLA stock on TipRanks’ Stock Analysis page.