Canada's Orla Mining Q1 revenue surges on Musselwhite acquisition

Orla Mining

11/05/2026 11:11

Overview

Canada gold miner's Q1 revenue surged yr/yr, driven by Musselwhite mine acquisition

Adjusted EPS for Q1 rose to $0.39 from $0.12 a year ago

Company declared a quarterly dividend of $0.015 per share

Outlook

Orla Mining maintains 2026 gold production guidance of 340,000–360,000 ounces

Company expects 2026 all-in sustaining cost at $1,550–$1,750/oz

Orla targets mid-2026 construction start for South Railroad Project, pending permitting

Result Drivers

MUSSELWHITE OUTPUT - Musselwhite mine drove Q1 results, exceeding production targets due to access to higher-grade ore earlier in the year through mine plan resequencing

DEVELOPMENT EXECUTION - Increased development rates and reliable equipment at Musselwhite supported strong operational performance

DIESEL COSTS - Higher energy prices modestly increased all-in sustaining costs, but fuel availability was not an issue

Company press release: ID:nCNW7yPmsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$378.88 mln
$380.74 mln (2 Analysts)
Q1 Adjusted Net Income
$134.7 mln
Q1 Net Income
$75.4 mln
Q1 Basic EPS
$0.22
Q1 Cash Flow from Operating Activities
$103.5 mln
Q1 Free Cash Flow
$62.9 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 55.9% above its May 8 closing price of C$20.53

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

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(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.)