Orla Mining Reports Record Gold Production, Shares Surge
Orla Mining Ltd. shares rose 14.53% to $16.87 after the company reported record quarterly gold production, reaching a 52-week high.
The surge in stock price is attributed to Orla's record quarterly gold production driven by strong performance from its Camino Rojo and Musselwhite operations, positioning the company to potentially exceed its annual guidance of 280,000 to 300,000 ounces. This positive news has significantly increased investor confidence in Orla's future cash flow and growth prospects, as reflected in the heightened trading volume on the announcement day.
The record production update reinforces Orla's operational momentum and, combined with ongoing project developments and a favorable gold price environment, is expected to continue attracting investor attention.
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- Surging Gold Prices: In February 2026, gold prices exceeded $5,000 per ounce, reflecting a 70% increase from the previous year, driven by strong market demand and central bank purchases of 850 tonnes, which are expected to boost profits for mining companies.
- Exploration Advancements: GoldHaven Resources confirmed gold mineralization at its Copeçal West Target in Brazil, with initial drilling returning 39 meters at 0.11 g/t gold, validating the area's mineralization potential and laying the groundwork for follow-up drilling.
- Copper Supply Deficit: S&P Global forecasts a 10 million metric tonne copper supply deficit by 2040, with demand projected to reach 42 million metric tonnes, indicating a supply-demand imbalance in the metals market that could further elevate gold prices, benefiting mining firms.
- Optimistic Industry Outlook: Companies like Orla Mining and Lundin Gold have issued strong production guidance, with Orla Mining expecting to produce 340,000 to 360,000 ounces in 2026, reflecting a positive trend across the industry that attracts investor interest.
- Gold Price Surge: In February 2026, gold prices exceeded $5,000 per ounce, reflecting a 70% increase from 2025, indicating strong market demand and investor confidence, which is expected to drive profit growth for related companies.
- Supply-Demand Imbalance: S&P Global forecasts a copper supply deficit of 10 million metric tonnes by 2040, with demand reaching 42 million metric tonnes, suggesting that accelerated infrastructure and defense spending will further elevate metal prices, impacting mining companies' strategic positioning.
- GoldHaven Progress: GoldHaven confirmed gold mineralization at its Copeçal West Target in Brazil with its first drilling, revealing 39 meters of gold-bearing rock, indicating significant potential value in the area and laying a foundation for future exploration and development.
- Industry Developments: Orla Mining achieved record quarterly production in Q4 2025, surpassing 300,000 ounces for the first time, showcasing its strong production capabilities and market competitiveness, which is expected to continue driving shareholder returns and company growth.
- Portfolio Adjustments: In Q4 2025, Prem Watsa added three stocks, with Under Armour Inc being the largest addition at 9,457,355 shares valued at $45.4 million, representing 2.18% of the portfolio, indicating confidence in the brand's future growth.
- Significant Stake Increase: Watsa increased his stake in Under Armour Inc by 35,647,123 shares, a 564.77% rise, bringing total holdings to 41,958,923 shares, reflecting strong optimism about the company and an expected 8.5% positive impact on the portfolio.
- Complete Exits: Watsa fully exited positions in Dollar Tree Inc and Franco-Nevada Corp, selling 44,380 shares and 16,800 shares respectively, resulting in -0.2% and -0.18% impacts on the portfolio, demonstrating a cautious outlook on these companies.
- Reduction Dynamics: He reduced his position in Orla Mining Ltd by 25,000,000 shares, leading to a 44% decrease in holdings and a -13.01% impact on the portfolio, indicating a pessimistic view on the stock's future performance.
- Gold Production Data: Global gold production reached 3,645 tonnes in 2024, nearing historic stability levels, although new discoveries remain at multi-decade lows, indicating a growing focus on producers.
- Profitability Surge: With gold prices testing $4,900 and average all-in sustaining costs at $1,600 per ounce, profits in the mining sector surged 91% over the past twelve months, setting the stage for a re-rating in 2026.
- Lake Victoria Gold Progress: Lake Victoria Gold completed critical geotechnical studies at its Imwelo Project in Tanzania, supporting the consolidation of multiple isolated pits into a single continuous open pit, optimizing mine design and advancing production planning.
- Kinross Gold Expansion Plans: Kinross Gold announced the advancement of three organic growth projects expected to contribute 300,000 ounces of gold production annually between 2029 and 2031, further extending the mine life of its Nevada assets.

- Dividend Initiation: Tutor Perini announced a $0.06 quarterly dividend starting November 18, 2025, with the first payment on December 23, 2025, marking a significant turnaround after three years of net losses, as the company expects to report a profit of $4.10 per share for 2025.
- Cash Flow Innovation: By Q3 2025, Tutor Perini achieved record year-to-date operating cash flow of $574.4 million, supported by a historic backlog of $21.6 billion, indicating robust business recovery and future growth potential.
- Share Repurchase Program: The company also announced a $200 million share repurchase program aimed at enhancing earnings per share by reducing the number of outstanding shares, thereby boosting investor confidence and driving stock price appreciation.
- Enhanced Industry Position: As one of the largest general contractors in the U.S., Tutor Perini's dividend policy not only attracts momentum investors but may also provide greater market share and capital inflow in the highly competitive construction industry.










