Orla Mining (ORLA) Soars 14% as Strong Q3 Production Raises Earnings Optimism

We recently published Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Orla Mining Ltd. (NYSEAmerican:ORLA) is one of the best performers on Tuesday.

Orla Mining extended its winning streak to a third straight day on Tuesday, surging 14.27 percent to finish at $13.13 apiece after reporting a strong operational performance in the third quarter, which solidified its growth outlook for the full-year period.

In an updated report, Orla Mining Ltd. (NYSEAmerican:ORLA) said it was able to produce 79,645 ounces of gold during the quarter, bringing its total production to 205,215 ounces in the first nine months of the year.

Total gold sold during the quarter stood at 78,857 ounces, bringing its nine-month record of gold sold to 204,124 ounces.

“With pit stabilization at Camino Rojo progressing well and integration at Musselwhite advancing smoothly, both operations are performing well. We are now on track to achieve the high end of our revised production guidance,” said Orla Mining Ltd. (NYSEAmerican:ORLA) President and CEO Jason Simpson.

Orla Mining (ORLA) Soars 14% as Strong Q3 Production Raises Earnings Optimism

The company is scheduled to release the results of its third quarter financial and operating highlights on November 11, a Tuesday, and will host a conference to elaborate on the results on November 12, a Wednesday.

While we acknowledge the risk and potential of ORLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.