Orla Mining (OLA) AI Stock Analysis

• Market Cap: C$4.38B
• Dividend Yield: N/A
• Average Volume (3M): 2.10M
• Price to Earnings (P/E): 138.1
• Beta (1Y): 1.17
• Revenue Growth: 151.45%
• EPS Growth: 1224.07%
• Country: CA
• Employees: 354
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.30
• Shares Outstanding: 325,810,820
• 10 Day Avg. Volume: 1,803,770
• 30 Day Avg. Volume: 2,096,129
• PEG Ratio: -0.05
• Price to Book (P/B): 3.47
• Price to Sales (P/S): 5.38
• P/FCF Ratio: 12.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$25.50
• Price Target Upside: 41.27% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$18.50 ▲(2.49% Upside)

Orla Mining's overall stock score is driven by strong earnings call highlights and positive corporate events, indicating growth potential. However, high P/E ratio and cash flow challenges weigh down the score.

Positive Factors

Strong Revenue Growth

The robust revenue growth indicates successful expansion and market penetration, enhancing long-term financial stability and potential for future profitability.

Project Advancements

Advancements in the South Railroad project demonstrate progress in strategic initiatives, potentially leading to increased production capacity and revenue diversification.

Record Free Cash Flow

Record free cash flow reflects efficient operations and strong cash generation, providing financial flexibility for future investments and debt reduction.

Negative Factors

Declining Profit Margins

The decline in profit margins suggests increased operational costs or inefficiencies, which could impact long-term profitability if not addressed.

Increased Leverage

Increased leverage may strain financial resources and limit operational flexibility, posing risks to financial health if revenue growth does not offset debt levels.

Operational Challenges

Operational disruptions like the pit wall event can lead to increased costs and production delays, affecting short-term output and potentially impacting long-term project timelines.

Orla Mining Business Overview & Revenue Model

Company Description

Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 163,129 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,800 hectares located in the Azuero Peninsula, Panama. The company was formerly known as Red Mile Minerals Corp. and changed its name to Orla Mining Ltd. in June 2015. Orla Mining Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Orla Mining generates revenue primarily through the exploration and development of its mineral projects, with a focus on gold and precious metals. The company's revenue model is largely dependent on the successful advancement of its projects to the production stage, where it can sell the extracted minerals in global markets. Key revenue streams include the sale of gold, silver, and other precious metals once production commences. Additionally, the company may benefit from strategic partnerships with other mining companies or financial institutions that can provide funding, technical expertise, or access to markets, which can enhance its operational capabilities and revenue potential. Market conditions, including gold prices and demand for precious metals, also significantly influence its earnings.

Orla Mining Financial Statement Overview

Summary

Orla Mining shows strong revenue growth and a stable capital structure but faces challenges in profitability and cash flow management. Increased leverage and declining profit margins pose risks if not managed effectively.

Income Statement

Orla Mining's income statement shows a strong revenue growth rate of 42.94% TTM, indicating robust expansion. However, the net profit margin has significantly decreased to 4.29% TTM from 25.87% in the previous year, suggesting increased costs or operational challenges. The gross profit margin remains healthy at 54.96% TTM, but the decline in EBIT and EBITDA margins indicates potential profitability pressures.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.80 TTM, which is manageable but higher than previous years, indicating increased leverage. Return on equity has decreased to 5.30% TTM, down from 17.54% last year, suggesting reduced efficiency in generating returns. The equity ratio remains stable, indicating a solid capital structure.

Cash Flow

Cash flow analysis reveals a concerning negative free cash flow growth rate of -10.1% TTM, highlighting cash generation challenges. The operating cash flow to net income ratio is strong at 1.58 TTM, indicating good cash conversion, but the negative free cash flow to net income ratio of -0.42 TTM suggests cash flow issues that need addressing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	773.10M	327.41M	237.43M	187.48M	4.05M	0.00
Gross Profit	365.04M	173.39M	107.58M	104.92M	-12.54M	-111.37K
EBITDA	325.54M	213.48M	49.37M	99.47M	-24.08M	-25.97M
Net Income	53.39M	84.71M	-27.45M	44.41M	-25.84M	-29.10M
Balance Sheet
Total Assets	1.97B	598.35M	535.78M	613.82M	364.89M	239.19M
Cash, Cash Equivalents and Short-Term Investments	326.92M	160.85M	96.63M	96.28M	20.52M	72.18M
Total Debt	380.56M	2.18M	91.26M	126.77M	162.75M	70.41M
Total Liabilities	1.40B	90.90M	135.24M	216.83M	180.48M	78.61M
Stockholders Equity	573.48M	507.44M	400.54M	396.98M	184.42M	160.58M
Cash Flow
Free Cash Flow	-203.04M	145.19M	44.44M	77.33M	-120.98M	-49.43M
Operating Cash Flow	674.44M	174.62M	65.30M	95.31M	-24.74M	-18.13M
Investing Cash Flow	-881.83M	-21.94M	-41.73M	-13.36M	-113.27M	-36.90M
Financing Cash Flow	354.99M	-86.56M	-23.13M	-5.38M	85.95M	100.59M

Orla Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OLA, the sentiment is Positive. The current price of 18.05 is above the 20-day moving average (MA) of 17.94, above the 50-day MA of 16.45, and above the 200-day MA of 14.75, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 27.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OLA.

Orla Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELD	79 Outperform	$9.33B	19.03	9.54%	―	44.88%	38.67%
NGD	78 Outperform	$8.53B	27.06	22.29%	―	48.70%	1718.41%
TXG	74 Outperform	$5.99B	12.99	17.29%	―	5.33%	143.67%
EQX	73 Outperform	C$15.57B	296.34	1.41%	―	90.17%	-91.76%
OLA	69 Neutral	C$4.38B	138.06	9.79%	―	151.45%	1224.07%
ARTG	62 Neutral	$7.54B	87.32	28.16%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Orla Mining Corporate Events

Orla Mining Announces Inaugural Dividend and New Dividend Policy

Orla Mining Ltd. has announced its inaugural quarterly dividend of US$0.015 per share, marking a significant milestone in its growth strategy. This decision highlights the company’s financial strength and commitment to shareholder returns while balancing strategic growth investments, including the development of the South Railroad Gold Project. The dividend policy reflects the company’s confidence in its long-term growth and operational expansion across North America.

Orla Mining Unveils High-Grade Gold Discovery at South Carlin Complex

Orla Mining has announced significant findings from its 2025 exploration program at the South Carlin Complex, revealing high-grade oxide gold beyond current pit designs. This discovery supports the company’s growth trajectory as it prepares for construction in 2026 and production by 2028. The exploration results highlight the potential for open pit expansion at the Pinion and Dark Star deposits, with significant oxide mineralization found beyond current feasibility pit shells. Additionally, new satellite targets, such as the Spike and Firebox, show promising results, reinforcing the district-scale potential of the South Carlin Complex. These developments are expected to enhance Orla’s resource base and strengthen its position in the mining industry.

Orla Mining Achieves Record Cash Flow in Q3 2025

Orla Mining reported strong financial results for the third quarter of 2025, generating a record $93 million in free cash flow. The company produced 79,645 ounces of gold and sold 78,857 ounces, achieving $275 million in revenue. Despite a pit wall event at Camino Rojo, Orla remains on track with its revised production and cost guidance. The company’s financial position is robust, with $326.9 million in cash and $356.9 million in liquidity, positioning it well for future growth and capital initiatives.

Orla Mining and Partners Launch C$6.6 Million Fund for First Nations Education and Development

Orla Mining, in collaboration with First Nation LP and Newmont, has announced a C$6.6 million fund dedicated to education, training, and skills development for 24 First Nations in Northwestern Ontario. This initiative, administered by Opiikapawiin Services LP, aims to support long-term skills development, cultural learning, and career opportunities over a decade. The fund underscores the commitment to fostering community growth and sustainability, building on a longstanding partnership with the Musselwhite mine. This initiative also reflects a broader effort to support Indigenous-led development and improve quality of life in the region.

Orla Mining on Track with Revised Gold Production Targets

Orla Mining Ltd. reported strong gold production from its Musselwhite mine in the third quarter of 2025, with the company on track to meet its revised annual production guidance of 265,000 to 285,000 ounces of gold. Despite a previous material movement incident at Camino Rojo, operations have stabilized, and the company adjusted its production guidance accordingly. The integration at Musselwhite and pit stabilization at Camino Rojo are progressing well, positioning Orla to achieve the high end of its revised production targets. The company maintains a net debt position of $93.1 million as of September 30, 2025.

Orla Mining Unveils Significant Gold Trend Extension at Musselwhite Mine

Orla Mining Ltd. has announced a significant exploration success at the Musselwhite Mine in northwestern Ontario, with the discovery of a potential two-kilometre extension of the mine’s main gold trend. This discovery, confirmed through high-grade drilling, suggests substantial potential to extend the mine’s life and increase production, reinforcing Musselwhite’s status as one of Canada’s longest-operating gold mines. The exploration program, which began after Orla’s acquisition of the mine from Newmont Corporation, is approximately 65% complete and aims to expand resources and identify new satellite deposits, potentially enhancing the company’s production capabilities and market positioning.

Orla Mining Announces Board Resignation Following Newmont’s Share Sale

Orla Mining announced the resignation of Scott Langley from its Board of Directors, following Newmont Corporation’s sale of its shares in Orla. The company expressed gratitude for Langley’s contributions and the relationship with Newmont, and it welcomes a new group of investors as it continues to grow its business.

Orla Mining Advances Sustainability Efforts with 2024 Report

Orla Mining has released its 2024 Sustainability Report, showcasing its commitment to responsible mining and transparent ESG performance. The report highlights significant achievements, including industry-leading emissions intensity at Camino Rojo, increased local hiring, and new environmental management standards. These efforts align with Orla’s strategy to integrate sustainability into its operations, enhancing its industry positioning and stakeholder value.