Hi there,
Orla Mining is a exploration and development company, It has two 100% owned projects the Camino Rojo Oxide gold project in Mexico and Cerro Quema gold project in Panama. It has a strong leadership team which is backed by several notable industry names.
The reason why the company's stock is gaining attention this year (outside of the price of gold) is because it expects to begin construction on its Camino Rojo project. This is a low cost mine with AISCs of ~US$576/oz. If all goes well, it expects to achieve first production in 2021. The project is estimated to produce an average of 97,000 oz of gold per year.
Analysts really like the company with all 8 covering the company rating it a buy. That being said, the company is closed to being fully priced based on analysts one-year estimates of $5.78 per share.
What I like about a company like this, is that it is nearing producer status and has the financing secured to move the project forwrad. However, it will all be about execution from here on out. Any slip up can send its share price crashing. If it delivers on budget and meets expected timelines, than it will be an attractive junior producer with those low costs.
Mat