Orla Mining (ORLA) Hits Q1 Production Target, and Full-Year Guidance Is Intact

Orla Mining Ltd. (NYSEAMERICAN:ORLA) is one of the best TSX stocks to buy according to hedge funds. On April 13, Orla Mining Ltd. (NYSEAMERICAN:ORLA) said it produced a combined 81,206 ounces of gold across its two operating mines for the first quarter of 2026. The mines are the Musselwhite Mine in Northwestern Ontario, Canada, and the Camino Rojo Mine in Zacatecas, Mexico. This production, the company said, puts it on track to hit its full-year guidance of between 340,000 and 360,000 ounces.

Specifically, the Musselwhite carried the bulk of the output, Orla said. It contributed 62,985 ounces after processing 332,822 tons of ore at a grade of 6.29 g/t gold and achieving a strong recovery rate of nearly 96%. Orla added that beyond production, Musselwhite also advanced its long-term growth agenda during the quarter by completing 3,437 meters of lateral underground development. This includes work on a dedicated exploration drift being used to set up diamond drilling in the PQ Extensions area.

For Camino Rojo, Orla said the mine added 18,221 ounces for the quarter. The mine stacked 1.83 million tons of ore at 0.59 g/t gold through its open-pit heap leach process at a daily rate of roughly 20,300 tons. Still at this mine, Orla said it received the final environmental permit from Mexico’s environmental authority SEMARNAT in March this year. This means the company now has all the approvals it needs to mine the full remaining oxide open-pit, including the previously restricted layback area.

Orla Mining Ltd. (NYSEAMERICAN:ORLA) is a mining company focused on the acquisition, development, and operation of gold projects in the Americas. Its flagship asset is the Camino Rojo oxide gold mine in Zacatecas, Mexico, which produces gold through open-pit, heap leach operations.

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