Canada's Orla Mining beats Q4 adjusted EPS expectations on production growth

Overview

• Canada gold miner's Q4 revenue rose yr/yr, adjusted EPS beat analyst expectations

• Adjusted EPS for Q4 beat consensus, driven by Musselwhite mine integration and production growth

• Company paid inaugural quarterly dividend in February 2026, announced in late 2025

Outlook

• Orla sees 2026 gold production at 340,000–360,000 oz

• Company expects 2026 consolidated AISC of $1,550–$1,750/oz sold

• Orla targets mid-2026 construction start at South Railroad Project, pending permits

Result Drivers

• MUSSELWHITE INTEGRATION - Musselwhite mine contributed significantly to Q4 production and cash flow after its integration, supporting record gold output

• CAMINO ROJO RECOVERY - Camino Rojo operations recovered following a pit wall event, with mining ramping back up to full capacity and higher strip ratio impacting costs

• HIGHER GOLD PRICES - Higher average realized gold prices supported revenue growth in the quarter

Company press release: ID:nCNWXK7yZa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Orla Mining Ltd is C$32.00, about 73.3% above its March 19 closing price of C$18.46

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

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