12 Cheap Gold Stocks to Buy Now

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9. Orla Mining Ltd. (NYSE:ORLA)

Forward Price-to-Earnings Multiple: 10.33

Number of Hedge Fund Holders: 33

Orla Mining Ltd. (NYSE:ORLA) is one of the 12 cheap gold stocks to buy now.

As of December 12, 2025, Orla Mining Ltd. (NYSE:ORLA)’s share price was trading near its all-time high, closing at $13.08. With shares up 141% YTD and 23% over the past month, the stock reached its all-time high of $14.36 on December 1, 2025.

This strong momentum reflects improving operational performance, driven by significant progress in pit stabilization at Camino Rojo and by the company’s March 2025 acquisition of the Musselwhite Gold Mine, which is beginning to deliver results. Having already mined 325,923 tons of ore and processed 329,634 tons from Musselwhite during the third quarter, Orla Mining Ltd. (NYSE:ORLA) remains confident it will achieve 2025 consolidated production guidance of 265,000 to 285,000 ounces of gold.

On the back of this strong momentum, Orla Mining Ltd. (NYSE:ORLA) announced on December 3, 2025, that its board had declared the company’s inaugural quarterly cash dividend of $0.015 per share, payable on February 10, 2026. This inauguration reflects management’s confidence in the company’s financial position and its ability to balance shareholder returns with planned capital spending, including the development of the South Carlin Complex in Nevada.

Meanwhile, on December 2, 2025, Orla Mining Ltd. (NYSE:ORLA) reported results from its 2025 exploration program at the South Carlin Complex in Nevada. The company’s 18,000-metre drilling campaign confirmed significant oxide mineralization beyond existing pit designs and advanced several satellite targets, boosting the project’s long-term growth potential. With reserves and resources of 1.604 Moz and 1.753 Moz, respectively, and a projected eight-year mine life per the 2022 Feasibility Study, the South Carlin Complex is advancing well toward permitting, construction, and planned production later in the decade.

Orla Mining Ltd. (NYSE:ORLA), a North America-focused gold producer and developer, has its operating assets in Mexico and Canada. It also explores silver, zinc, lead, and copper deposits.

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