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Orla Mining Ltd. shares have reached an all-time high, touching $11.95 in a remarkable show of investor confidence. The $3.83 billion market cap company has demonstrated impressive momentum, with InvestingPro data showing revenue growth of 67% in the latest twelve months. This milestone underscores a period of significant growth for the mining company, which has seen its stock value surge by an impressive 175.66% over the past year. The ascent to this record price level reflects a bullish outlook on the company’s operations and potential, with analysts recently revising earnings estimates upward and expecting continued sales growth. The 52-week high serves as a testament to the company’s strong performance and the positive sentiment that has enveloped its market prospects. According to InvestingPro, which offers 18 additional investment insights for this stock, Orla currently trades near its Fair Value.
In other recent news, Orla Mining Ltd. reported its first-quarter financial results, revealing a net loss of $69.8 million, or $0.22 per share, compared to a net income of $17.5 million, or $0.06 per share, in the same period last year. The company’s adjusted earnings were $38.6 million, or $0.12 per share, missing analyst expectations of $0.15 per share. Revenue for the quarter increased to $140.7 million from $67.3 million a year ago, yet it fell short of the $152 million forecasted by analysts. Orla Mining produced 47,759 ounces of gold, with significant contributions from its Camino Rojo mine in Mexico and the recently acquired Musselwhite mine in Canada. The average realized price for gold sold was $2,915 per ounce. The company has updated its production guidance for 2025 to 280,000-300,000 ounces of gold, with all-in sustaining costs projected at $1,300-$1,500 per ounce sold. Orla Mining plans to invest $115 million in exploration and capital projects at the Musselwhite mine to drive future growth. The company’s recent acquisition of the Musselwhite mine marks a significant expansion of its operations in Canada.
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