Orla Mining Updates on Exploration Results at Musselwhite Mine, Analysts Remain Bullish Indicating Upside of Over 21%

Orla Mining Ltd. (NYSE:ORLA) is one of the 9 Best Junior Gold Mining Stocks to Buy Now.

As of January 5, Orla Mining Ltd. (NYSE:ORLA) shares have soared over 36% over the past six months. Out of 10 analysts covering ORLA, 8 rank the stock as a Buy with an average price target of $16.87, indicating an upside of 21.93% as of January 5.

On December 18, Orla Mining updated on exploration results at Musselwhite Mine. The company achieved successful exploration results at the mine, confirming the extension of high-grade gold mineralization two kilometers below the ongoing operational site. By the end of 2025, the company had expanded its planned drill meters from 11,000 to over 12,500 meters.

Following the acquisition of the Musselwhite Gold Mine in March 2025, Orla Mining Ltd. (NYSE:ORLA) has achieved successful results at the mine. During Q3 2025, Musselwhite produced approximately 57,586 ounces of gold with a gold recovery rate of 95.3%. The company remains optimistic about the Musselwhite Gold Mine and is carrying strong momentum in 2026. Orla’s Senior Vice President of Exploration, Sylvain Guerard, said,

Since our October 2025 update, the Musselwhite exploration program has continued delivering a steady stream of high-grade intercepts across all priority zones. These results strengthen confidence in resource growth and the outlook for extended mine life. We will carry the momentum with all priority exploration programs initiated in 2025 continuing through 2026.

In addition, on December 16, Orla Mining Ltd. announced that Ms. Joanna Pearson has joined its Board of Directors as an Independent Non-Executive Director. Pearson brings 25 years of international experience in strategic financial transformation, risk management, and financial reporting in the mining sector. Pearson served as CFO of Endeavour Mining plc (OTC:EDVMF) from 2020 to 2023, and prior to her role at Endeavour, she was an Audit Partner with Deloitte for 12 years, mainly serving in the mining and emerging markets.

Orla Mining Ltd. (NYSE:ORLA) is a Canada-based development-stage mining company that explores, develops, and exploits mineral properties. The company primarily explores for gold, silver, and other metals.

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