Orla Mining
ORLAMarket price data through July 30, 2026.
Performance
Aug 2021 – Jul 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -37%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$15
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- January 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 6 months
- How long Benson has been tracking this pick.
About Orla Mining
Orla Mining is a Canadian gold producer that went from a single mine operation to a diversified mid-tier player in under two years. Think of them as a gold miner that just leveled up from starter to serious contender. They run three mines across North America: Musselwhite in Ontario, Camino Rojo in Mexico, and South Railroad coming online in Nevada by 2028. They hit a record 300,000 ounces in 2025 and are targeting over 500,000 ounces by 2029.
The case for and against
Both sides of the story, in plain English.
- Tripled Revenue Overnight
Orla's revenue exploded over 200 percent year over year after acquiring the Musselwhite mine in Canada for just 540 dollars per ounce, a fraction of today's gold price above 4,800 dollars. They now produce from two Tier-1 jurisdictions with a third mine in Nevada on the way. Their balance sheet is rock solid with over 420 million dollars in liquidity, and they just started paying their first ever dividend.
- Built to Scale
Orla has a clear roadmap to become a 500,000 ounce producer by 2029. South Railroad in Nevada starts construction in 2026 and begins producing by 2028. At current gold prices, the company could generate over 1 billion dollars in annual free cash flow at peak production. Management has beaten their own targets three years running, which is almost unheard of in mining.
- Mining Surprises Happen
Gold mining comes with real operational risk. In mid-2025, a pit wall collapsed at Camino Rojo in Mexico, temporarily hurting production and forcing a 5 percent guidance cut. They bounced back, but these setbacks are part of the business. Their all-in costs also jumped from around 800 dollars per ounce to over 1,550 dollars after adding the higher-cost Musselwhite mine.
- Tied to Gold Prices
Orla's profits live and die with gold prices. If gold drops significantly from current highs near 4,800 dollars per ounce, margins shrink fast. They also locked in a prepay deal requiring delivery of about 4,000 ounces monthly at just 2,834 dollars per ounce until early 2028, so they miss some upside from higher prices on those ounces.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-07-30. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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