Orla Mining(ORLA) Soars 9.16% On Gold Rally, Drilling Campaign

Orla Mining(ORLA) surged to a record high today, with an intraday gain of 9.16%.

Orla Mining Ltd. has experienced a remarkable 63% increase in 2023, attracting significant attention within the investment community. This surge is driven by a broader gold rally, as investors flock to gold as a safe haven asset.

The company's recent initiatives have also played a crucial role in its stock performance. Orla Mining launched a $25 million drilling campaign at its newly acquired Musselwhite Mine in Ontario. This campaign aims to expand the mine's reserves and resources, aligning with the company's strategy to extend the Musselwhite Mine trend.

Analyst sentiment towards Orla Mining has been overwhelmingly positive. On March 19th, Stifel Canada upgraded the company to a "strong-buy" rating, further bolstering investor confidence in the stock.