Orla Mining Ltd.

TSX:OLA Stock Report

Market Cap: CA$6.9b

Orla Mining Management

Management criteria checks 4/4

Orla Mining's CEO is Jason Simpson, appointed in Nov 2018, has a tenure of 7.5 years. total yearly compensation is $2.13M, comprised of 21.4% salary and 78.6% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth CA$38.16M. The average tenure of the management team and the board of directors is 5.8 years and 7.2 years respectively.

Key information

Jason Simpson

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage21.39%
CEO tenure7.5yrs
CEO ownership0.6%
Management average tenure5.8yrs
Board average tenure7.2yrs

Recent management updates

Recent updates

Narrative Update May 05

OLA: Underground Progress And Permitting Momentum Will Drive Repricing Potential

Analysts have nudged their price targets on Orla Mining higher, with several firms lifting forecasts by CA$0.50 to CA$7 and citing updated valuation work that reflects modest tweaks to fair value, discount rate, revenue growth, profit margin assumptions, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable assigning higher price targets, suggesting they see room for the stock to better reflect their updated fair value work.
Narrative Update Apr 20

OLA: Underground Project Progress And Permit Achievements Are Expected To Drive Repricing

Analysts have raised their average price target on Orla Mining to CA$35. This reflects updated views on fair value, profit margins and expected P/E multiples after a series of recent target hikes and an upgrade to Outperform.
Narrative Update Apr 06

OLA: Future Underground Project Progress Is Expected To Support Repricing

Analysts have raised their blended price target on Orla Mining to CA$32.80 from CA$32.21, citing a broader range of recent upgrades and target increases from several Canadian banks and brokers. These moves support the revised assumptions on fair value, discount rate, growth, margins, and future P/E.
Narrative Update Mar 23

OLA: Future Underground Expansion Progress Is Expected To Drive Repricing

Analysts have raised their blended fair value estimate for Orla Mining from about CA$31.86 to roughly CA$32.21. They cite a series of recent CA$5 to CA$8 price target increases and new Outperform ratings across several firms as support for the higher target range.
Narrative Update Mar 08

OLA: Future Underground Expansion And Execution Progress Are Expected To Drive Repricing

Analysts have lifted their CA$ fair value estimate for Orla Mining from about CA$30.80 to roughly CA$31.86, as a series of target price increases and fresh Outperform ratings point to improved confidence in the stock. Analyst Commentary Bullish analysts have been active on Orla Mining, with several new and updated price targets that cluster above the current average fair value estimate of about C$31.86.
Narrative Update Feb 22

OLA: Future Production And New Dividend Are Expected To Drive Repricing

Analysts have lifted their CA$ fair value estimate for Orla Mining from about CA$29.90 to roughly CA$30.80, citing a series of recent price target increases from several Canadian banks and brokers, along with slightly improved margin expectations and a modestly lower discount rate. Analyst Commentary Recent Street research on Orla Mining has been uniformly positive on the headline price targets, with several firms lifting their target prices by between CA$5 and CA$8 and one new initiation at CA$27.
Narrative Update Feb 08

OLA: Future Production And New Dividend Framework Will Shape Share Momentum

Analysts have lifted their average price target on Orla Mining by roughly C$4 to about C$30, citing updated assumptions around higher modeled revenue growth, a much stronger profit margin profile, and a lower forward P/E multiple in recent research. Analyst Commentary Recent Street research on Orla Mining has centered on revised price targets and a fresh initiation, giving investors a clearer sense of how analysts are framing upside potential and key execution risks.
Narrative Update Jan 24

OLA: Future Production Growth And New Dividend Policy Will Shape Share Momentum

Analysts have lifted their price target on Orla Mining to C$26.02 from C$24.27, citing updated assumptions around revenue growth, profit margins and future P/E multiples following new coverage that includes a C$27 target. Analyst Commentary Recent research coverage frames Orla Mining around a C$27 price target, which helps illustrate how bullish and cautious analysts are thinking about the risk and return trade off.
Narrative Update Jan 08

OLA: Higher Gold Price Outlook Will Drive Future Share Price Momentum

Analysts have lifted their fair value estimate for Orla Mining to $24.27 from $23.91, in line with a series of higher Street price targets in the C$25 to C$28 range that are based on updated sector views and commodity price assumptions. Analyst Commentary Bullish Takeaways Bullish analysts have lifted price targets into the C$25 to C$28 range, which aligns with the higher fair value estimate of $24.27 and suggests confidence that current fundamentals support a higher valuation range.
Narrative Update Dec 14

OLA: Rising Gold And Exploration Success Will Drive Future Share Price Momentum

Analysts have modestly raised their fair value estimate for Orla Mining to approximately $23.91 from about $23.33, citing higher sector price targets and improved expectations for growth, margins, and future earnings multiples following a series of upward price target revisions across the Street. Analyst Commentary Recent Street research has highlighted a broadly constructive stance toward Orla Mining, reflected in a series of upward price target revisions and reaffirmed positive ratings.
Narrative Update Nov 29

OLA: Rising Gold Price Forecasts Will Drive Share Price Momentum

Orla Mining’s analyst price target has been raised slightly, with a new average fair value estimate of $23.33 per share. Analysts cite positive sector trends and increased commodity price forecasts.
Analysis Article Nov 27

Orla Mining Ltd.'s (TSE:OLA) Shares Leap 31% Yet They're Still Not Telling The Full Story

The Orla Mining Ltd. ( TSE:OLA ) share price has done very well over the last month, posting an excellent gain of 31...
Narrative Update Nov 14

OLA: Higher Gold And Silver Price Outlook Will Likely Drive Significant Price Upside

Analysts have raised their average price target for Orla Mining from approximately C$23.06 to C$23.31. They cite stronger projected profit margins, even though revenue growth is expected to moderate slightly and a higher discount rate has been applied.
Narrative Update Oct 31

OLA: Rising Gold And Silver Prices Will Drive Continued Outperformance

Orla Mining's analyst price target has increased from C$20.40 to C$23.06. Analysts cite improved revenue growth outlooks and higher gold and silver price expectations as key drivers for the upward revision.
Narrative Update Oct 17

Musselwhite Integration And Zone 22 Exploration Will Unlock Long-Term Value

Analysts have increased their price target for Orla Mining, raising it from C$22 to C$25. They cite higher gold and silver price forecasts as the primary driver for this upward revision.
Narrative Update Oct 03

Musselwhite Integration And Zone 22 Exploration Will Unlock Long-Term Value

Orla Mining’s analyst price target has increased from approximately $18.26 to $19.56 per share. Analysts cite higher anticipated profit margins and stronger revenue growth forecasts as key drivers behind the revision.
Analysis Article Sep 16

What Orla Mining Ltd.'s (TSE:OLA) 29% Share Price Gain Is Not Telling You

Orla Mining Ltd. ( TSE:OLA ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article May 21

Orla Mining's (TSE:OLA) Solid Earnings Are Supported By Other Strong Factors

Orla Mining Ltd.'s ( TSE:OLA ) earnings announcement last week was disappointing for investors, despite the decent...
Analysis Article May 15

Growth Investors: Industry Analysts Just Upgraded Their Orla Mining Ltd. (TSE:OLA) Revenue Forecasts By 30%

Celebrations may be in order for Orla Mining Ltd. ( TSE:OLA ) shareholders, with the analysts delivering a significant...
Analysis Article May 14

The Return Trends At Orla Mining (TSE:OLA) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
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New Narrative Mar 23

Acquisition Of Musselwhite Mine Will Increase Production Capacity

The transformational acquisition of the Musselwhite Mine is expected to significantly enhance production and future revenues.

CEO Compensation Analysis

How has Jason Simpson's remuneration changed compared to Orla Mining's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

US$107m

Sep 30 2025n/an/a

US$54m

Jun 30 2025n/an/a

US$26m

Mar 31 2025n/an/a

US$2m

Dec 31 2024US$2mUS$456k

US$89m

Sep 30 2024n/an/a

US$4m

Jun 30 2024n/an/a

-US$11m

Mar 31 2024n/an/a

-US$23m

Dec 31 2023US$2mUS$472k

-US$27m

Sep 30 2023n/an/a

US$50m

Jun 30 2023n/an/a

US$54m

Mar 31 2023n/an/a

US$40m

Dec 31 2022US$2mUS$388k

US$46m

Sep 30 2022n/an/a

US$22m

Jun 30 2022n/an/a

US$4m

Mar 31 2022n/an/a

US$3m

Dec 31 2021US$2mUS$376k

-US$26m

Sep 30 2021n/an/a

-US$29m

Jun 30 2021n/an/a

-US$27m

Mar 31 2021n/an/a

-US$28m

Dec 31 2020US$1mUS$364k

-US$28m

Sep 30 2020n/an/a

-US$25m

Jun 30 2020n/an/a

-US$23m

Mar 31 2020n/an/a

-US$25m

Dec 31 2019US$1mUS$347k

-US$22m

Compensation vs Market: Jason's total compensation ($USD2.13M) is below average for companies of similar size in the Canadian market ($USD4.08M).

Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.


CEO

Jason Simpson (50 yo)

7.5yrs
Tenure
US$2,129,513
Compensation

Mr. Jason Douglas Simpson, P.Eng., has been President, Chief Executive Officer & Director of Orla Mining Ltd. since November 12, 2018. Mr. Simpson served as Chief Operating Officer of Torex Gold Resources...


Leadership Team

NamePositionTenureCompensationOwnership
Jason Simpson
President7.5yrsUS$2.13m0.56%
CA$ 38.2m
Etienne Morin
Chief Financial Officer8.1yrsUS$1.06m0.065%
CA$ 4.4m
J. Cormier
Chief Operating Officer6.1yrsUS$1.11m0.023%
CA$ 1.6m
Sylvain Guerard
Senior Vice President of Exploration5.8yrsUS$769.07k0.0083%
CA$ 571.1k
Paul Mann
Vice President of Finance & Accounting4.1yrsno data0.060%
CA$ 4.1m
Andrew Bradbury
Vice President of Corporate Development & Investor Relations6.3yrsno data0.0070%
CA$ 482.7k
Brendan DePoe
Vice President of Legal & Corporate Secretary5.3yrsno datano data
Paul Schmidt
Vice President of Human Resources2.1yrsno data0.0054%
CA$ 369.5k
Silvana Costa
Chief Sustainability Officer1.3yrsno data0.00062%
CA$ 42.5k
5.8yrs
Average Tenure
60yo
Average Age

Experienced Management: OLA's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jason Simpson
President7.5yrsUS$2.13m0.56%
CA$ 38.2m
Charles Jeannes
Independent Non-Executive Chairman8.9yrsUS$222.58k0.61%
CA$ 41.6m
Robert Krcmarov
Independent Director2.5yrsUS$139.11k0.0021%
CA$ 144.0k
Jean Robitaille
Independent Non-Executive Director9.4yrsUS$153.02k0.29%
CA$ 19.8m
Tamara Brown
Independent Director3.9yrsUS$149.55k0.0013%
CA$ 87.1k
Elizabeth McGregor
Independent Non-Executive Director6.9yrsUS$153.02k0.0071%
CA$ 484.0k
David Stephens
Independent Non-Executive Director8.2yrsUS$149.55k0.019%
CA$ 1.3m
Joanna Pearson
Independent Non-Executive Directorless than a yearno datano data
7.2yrs
Average Tenure
51yo
Average Age

Experienced Board: OLA's board of directors are considered experienced (7.2 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 07:01
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Orla Mining Ltd. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrayATB Cormark
Richard GrayATB Cormark Historical (Cormark Securities)
Andrew MikitchookBMO Capital Markets Equity Research