'This predictable cycle of investors returning' — Orla spends $850 million on Ontario gold mine
Orla chief executive Jason Simpson said he thinks investors are still overlooking the gold mining industry in favour of the returns being generated by Big Tech and other sectors, but he thinks gold miners are on the precipice of an inflow of investment given current gold prices.
Orla Mining Shares Rise After Agreeing to Acquire Gold Mine in Ontario
Shares of Orla Mining jumped after it said it will buy a gold mine in Ontario from Newmont for up to $850 million, setting the stage for nearly double the gold output. Shares recently traded 9.9% higher at 6.10 Canadian dollars ($4.33). The stock is up almost 40% this year.
Newmont agrees to sell Musselwhite mine in Ontario for up to $850M to Orla Mining, as part of its asset divestment strategy.
Canada’s Orla Mining (TSX: OLA) is buying Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for $850 million, enabling ...
Orla Mining has finalised a definitive agreement to acquire the Musselwhite Gold Mine in Ontario from Newmont for $810m ...
Orla Mining will buy the Musselwhite Gold Mine in Ontario from Newmont in a deal valued at $850 million that will help more than double its production of the precious metal, the Canadian miner said on ...
Newmont Corp. is selling an Ontario, Canada gold mining operation to Vancouver-based Orla Mining Ltd. for up to $850 million.
Orla Mining said Monday that it has agreed to acquire a gold mine in Ontario from Newmont for up to $850 million, setting the stage for nearly double the gold output. The Vancouver, British ...
Musselwhite Mine in northwestern Ontario finally has a new owner. Denver-based Newmont is selling Musselwhite to Vancouver’s ...
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