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Orla Mining falls after Newmont sells stake

ReutersSep 19, 2025 2:01 PM

** Shares of Canadian gold producer Orla Mining OLA.TO fall 7.5% to C$14.21

** Gold miner Newmont NEM.N sells its entire stake in OLA for $439 million through the Toronto Stock Exchange as part of its divestiture program

** NEM disposes all of its 43 million shares in OLA at $10.14 per share

** Immediately prior to the sale, Newmont held a 13.3% stake in OLA and was its second-largest shareholder, per LSEG data

** Including session's move, stock up 91.7% YTD

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