Topic: How To Invest

Q: What do you think about Orla Mining going forward? Thanks for all your great advice.

Article Excerpt

A: Orla Mining Ltd., $5.42, symbol OLA on Toronto (Shares outstanding: 318.3 million; Market cap: $1.8 billion; www.orlamining.com), is a junior gold exploration, development and production company headquartered in Vancouver. The company’s two primary assets are: the Camino Rojo (100%) project in Zacatecas State, Mexico; and the South Railroad (100%) project in Nevada. Camino Rojo includes the Camino Rojo oxide gold mine. It achieved commercial production in April 2022 and produced 121,877 ounces of gold in 2023. It has room to expand reserves in the surrounding area. Orla’s South Railroad project consists of the Dark Star and Pinion deposits. The company is studying the feasibility of building a mine at South Railroad. The company recently enhanced its land position in Nevada with the acquisition of Contact Gold Corp. for $8.1 million U.S. Contact’s key asset is the Pony Creek property, a 4,500-hectare land exploration package located next to South Railroad. In the three months ended March 31, 2024, Orla’s revenue rose 31.6%, to $67.3 million…