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

Orla Mining

19/03/2026 22:04

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$378.5 mln
$344.73 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$0.42
$0.38 (7 Analysts)
Q4 Adjusted Net Income
$143.1 mln
Q4 Net Income
$79.20 mln
Q4 Basic EPS
$0.23
Q4 Cash Flow from Operating Activities
$165.40 mln
Q4 Free Cash Flow
$133.40 mln


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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)