03:43:20 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Orla Mining Ltd
Symbol OLA
Shares Issued 224,507,883
Close 2020-05-19 C$ 3.93
Market Cap C$ 882,315,980
Recent Sedar Documents

Globe says Orla Mining sees insider buying action

2020-05-19 08:37 ET - In the News

The Globe and Mail reports in its Saturday, May 16, edition that Orla Mining ($3.77) is seeing some insider buying action. The Globe's guest columnist Ted Dixon writes in the Who Is Buying and Selling column that based on a 2019 feasibility study, Orla's Camino Rojo project in Mexico is expected to produce 97,000 ounces of gold annually plus silver over a 6.8-year mine life. It may be a small project, but the firm has big players behind it, notes Mr. Dixon. Chief operating officer Andrew Cormier has 27 years of mining experience at firms such as Barrick Gold. He bought 75,200 shares in April. Also buying that month was mining legend Pierre Lassonde. The Globe reported on Sept. 10, 2019, that Desjardins Securities analyst Raj Ray had reiterated his "buy" call when the shares were trading at $1.59. The Globe reported on Oct. 23, 2019, that CIBC World Markets analyst Bryce Adams had boosted Orla Mining to "outperformer" from "neutral." The shares could then be had for $1.51. The Globe reported on March 12, 2020, that Desjardins Securities analyst David Stewart began coverage on Orla Mining with a "buy" rating and $3.20 share target. The shares were then going for $2.04.

© 2024 Canjex Publishing Ltd. All rights reserved.