13 Companies that Just Started Paying Dividends

7. Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Number of Hedge Fund Holders: 33

Dividend Initiation Announcement: December 3, 2025

On January 26, BMO Capital raised its price target on Orla Mining Ltd. (NYSEAMERICAN:ORLA) to C$30 from C$22 and kept an Outperform rating on the stock. The move reflected growing confidence in the company’s operating performance and outlook. That same day, Scotiabank also lifted its price target on Orla Mining, raising it to C$26.50 from C$21, while maintaining an Outperform rating.

Earlier, on January 20, Orla announced it had exceeded its revised annual production guidance. The company produced 300,620 ounces of gold in 2025, well above the revised range of 265,000 to 285,000 ounces. Orla said it expects full-year 2025 all-in sustaining costs to land within its updated guidance of $1,350 to $1,550 per ounce.

The balance sheet also drew attention. As of December 31, 2025, Orla reported cash of $420.8 million and debt of $385.9 million, leaving the company with a net cash position of $35.8 million. That level of flexibility matters, especially as the company continues to invest in growth.

In early December, Orla shared an update on exploration results at the Musselwhite Mine. Drilling confirmed that high-grade gold mineralization extends roughly two kilometers beyond current underground operations. The company reported significant gold mineralization intersected two kilometres down plunge of current operations, including 5.0 metres at 5.57 g/t Au, including 1.0 metre at 8.79 g/t Au (25-NSD03-002W).

Orla Mining Ltd. (NYSEAMERICAN:ORLA) is a Canada-based company focused on acquiring, developing, and operating mineral properties. Its portfolio includes three material projects, made up of two operating mines and one development-stage project, all of which are 100% owned.