Who Owns Orla Mining Company?

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Who Owns Orla Mining Company?

Orla Mining Ltd. is a Canadian gold producer founded in 2007. Its strategy focuses on acquiring, exploring, and operating mineral properties, primarily for gold and silver. The company's portfolio includes significant assets in Mexico, Canada, Panama, and the United States.

Who Owns Orla Mining Company?

Understanding Orla Mining's ownership is key to grasping its strategic direction and governance. The company's journey, from its inception as Red Mile Minerals Corp. to its current multi-asset status, highlights significant shifts in its stakeholder landscape.

As of July 2025, Orla Mining Ltd. holds a market capitalization between $3.48 billion and $4.11 billion. Its operations span the Camino Rojo Oxide Gold Mine in Mexico, the recently acquired Musselwhite Gold Mine in Canada, and projects in Panama and the United States. This expansion reflects a dynamic approach to growth, which can be further analyzed through an Orla Mining Porter's Five Forces Analysis.

Who Founded Orla Mining?

Orla Mining Ltd. was incorporated in 2007, initially operating under the name Red Mile Minerals Corp. before officially changing it in June 2015. While precise details on initial funding and exact equity splits among founders are not publicly detailed, the company's early focus was on mineral exploration. Key figures like Jason Simpson, who became President and CEO in November 2018, and Andrew Bradbury, Vice President of Corporate Development and Investor Relations, have been instrumental in guiding its strategic direction and growth.

Year Incorporated 2007
Previous Name Red Mile Minerals Corp.
Name Change Date June 2015
Key Executive (CEO) Jason Simpson (since Nov 2018)
Key Executive (Corp. Dev.) Andrew Bradbury
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Founding Vision

The company's foundational vision was to become a leading gold producer in the Americas. This vision centered on acquiring and developing quality gold projects.

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Early Focus

From its inception, the company prioritized mineral exploration as a core activity. This strategic emphasis laid the groundwork for future project development.

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Core Values

A commitment to building and operating gold mines safely, sustainably, and responsibly was established early on. This ethos aims to create value for all stakeholders involved.

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Key Acquisition

A significant early strategic move was the acquisition of the Camino Rojo project in 2017. This acquisition marked a pivotal step in the company's development trajectory.

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Public Trading Status

Orla Mining is a publicly traded company, meaning its stock is available for purchase on exchanges. This accessibility allows a broad range of investors to participate in its growth.

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Historical Ownership Details

Specific details regarding early vesting schedules, buy-sell agreements, or initial ownership disputes are not widely publicized. Information on early ownership structures remains limited in public records.

The company's journey from its incorporation in 2007 as Red Mile Minerals Corp. to its current status as Orla Mining Ltd. reflects a strategic evolution focused on gold asset development. While detailed early ownership structures and founder equity splits are not readily available, the company's trajectory has been shaped by a clear vision and key leadership appointments. Understanding the Competitors Landscape of Orla Mining can provide further context to its market positioning and strategic decisions made during its formative years.

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Orla Mining's Early Development

The early years of Orla Mining were characterized by a strategic focus on mineral exploration and the acquisition of promising gold projects. This period laid the foundation for its current operational status and future growth ambitions.

  • Incorporated in 2007 as Red Mile Minerals Corp.
  • Changed name to Orla Mining Ltd. in June 2015.
  • Acquired the Camino Rojo project in 2017.
  • Key executives include Jason Simpson (CEO) and Andrew Bradbury (VP Corporate Development).

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How Has Orla Mining’s Ownership Changed Over Time?

Orla Mining Ltd.'s ownership structure has evolved significantly, particularly following its public listing on the AMEX market in December 2020. The company's market capitalization has shown robust growth, reaching $4.11 billion as of July 22, 2025, reflecting a 192.16% increase over the preceding year to $3.65 billion by July 11, 2025. A key recent event impacting its structure was the acquisition of the Musselwhite Mine, which transformed Orla into a diversified intermediate gold producer.

Shareholder Shares Held Percentage Ownership Approximate Value (USD)
Fairfax Financial Holdings Ltd. 56.82 million 17.55% $652.26 million
Fmr LLC 33.79 million 10.44% N/A
Newmont Corporation 43.24 million 13.30% N/A
Agnico Eagle Mines Limited 27.60 million 8.49% N/A
First Eagle Investment Management LLC 8.04 million 2.48% N/A
Franklin Resources Inc. 6.96 million 2.15% N/A
Van Eck Associates Corp 6.22 million 1.92% N/A
Merk Investments LLC 6.20 million 1.92% N/A
Connor Clark & Lunn Investment Management Ltd. 3.84 million 1.19% N/A
Amundi 3.71 million 1.15% N/A

As of 2025, Orla Mining Ltd. is a publicly traded entity, with its shares listed on both the Toronto Stock Exchange (TSX: OLA) and NYSE American (NYSE: ORLA). The company's ownership is balanced between institutional and retail investors, with institutional shareholders holding 49.67% and retail investors holding 50.33%. Orla Mining insiders do not hold any company shares as of 2025. The acquisition of the Musselwhite Mine from Newmont Corporation for $810 million in upfront cash, along with up to $40 million in contingent consideration, completed on February 28, 2025, was a significant strategic move. This transaction was financed through a mix of debt, gold prepayment, new convertible notes, and existing cash, aiming to avoid immediate equity dilution and bolster Orla's position as a geographically diversified intermediate gold producer. Understanding these major shareholders is crucial for assessing the company's direction, as detailed in the Marketing Strategy of Orla Mining.

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Key Orla Mining Stakeholders

Fairfax Financial Holdings Ltd. is the largest individual shareholder in Orla Mining, holding a significant stake that underscores professional confidence in the company's operations and growth potential.

  • Fairfax Financial Holdings Ltd. owns 17.55% of Orla Mining.
  • Institutional investors collectively own 49.67% of the company.
  • Retail investors hold the remaining 50.33% of Orla Mining shares.
  • The Musselwhite Mine acquisition in February 2025 significantly altered the company's asset base and strategic outlook.

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Who Sits on Orla Mining’s Board?

Orla Mining Ltd. is guided by a Board of Directors with an average tenure of 6.1 years as of July 2025. This board comprises both executive and independent non-executive directors, ensuring a blend of operational insight and objective oversight. The company is committed to strong corporate governance, evident in its transparent financial reporting and shareholder communications.

Director Name Position
Charles Jeannes Non-Executive Chairman
Jason Simpson President, CEO & Director
Jean Robitaille Director
David Stephens Director
Elizabeth McGregor Director
Tamara Brown Director
Ana Sofía Ríos Director
Rob Krcmarov Director
Scott Langley Director

The voting structure for Orla Mining Ltd. is based on its unlimited number of Common Shares, with each share granting one vote. As of May 11, 2023, there were 312,832,449 Common Shares outstanding. It's important to note that holders of Common Shares do not have cumulative voting rights. This means that a simple majority of votes cast can determine the election of all directors, a key aspect for understanding Orla Mining ownership and voting power.

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Shareholder Approval and Governance

Significant corporate actions, such as the acquisition of the Musselwhite Mine and a related private placement, required shareholder approval. These resolutions were supported by independent proxy advisory firms and Orla's Board of Directors, with the exception of Scott Langley. The special meeting for these considerations took place on January 21, 2025. Understanding these processes is crucial for those interested in Orla Mining shareholders and the company's strategic direction, which is further detailed in their Growth Strategy of Orla Mining.

  • Shareholder approval is vital for major transactions.
  • Independent proxy advisory firms provide recommendations.
  • Board endorsement, with noted exceptions, influences shareholder decisions.
  • Regular disclosure of financial reports and shareholder materials is a practice.

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What Recent Changes Have Shaped Orla Mining’s Ownership Landscape?

Recent developments for Orla Mining have significantly reshaped its ownership landscape, most notably through the acquisition of the Musselwhite Gold Mine. This strategic move, finalized in early 2025, has positioned the company for substantial growth in gold production, influencing its investor profile and market standing.

Development Date Details
Acquisition of Musselwhite Gold Mine Announced Nov 18, 2024; Closed Feb 28, 2025 Upfront cash of $810 million, potential $40 million contingent consideration. Expected to more than double annual gold production.
Q1 2025 Financials Reported May 2025 Record quarterly gold production of 47,759 ounces. Net loss of $69.8 million due to acquisition-related adjustments.
2025 Exploration Budget Announced 2025 Estimated $55 million allocated for exploration across its portfolio.

Ownership trends for Orla Mining indicate a growing influence of institutional investors, who held approximately 49.67% of the company's shares as of July 2025. Key institutional shareholders include Fairfax Financial Holdings Ltd., Fmr LLC, and First Eagle Investment Management LLC, demonstrating sustained confidence in the company's strategic direction and growth prospects. While there are no reported insider holdings as of 2025, the management team's average tenure of 4.9 years and the board's average tenure of 6.1 years suggest a stable leadership structure, crucial for executing long-term growth plans.

Icon Institutional Investor Influence

Institutional shareholders represent a significant portion of Orla Mining's ownership. As of July 2025, their stake stood at 49.67%.

Icon Leadership Stability

The company benefits from experienced leadership, with an average management tenure of 4.9 years and board tenure of 6.1 years.

Icon Strategic Acquisition Impact

The acquisition of the Musselwhite Gold Mine is expected to more than double Orla Mining's annual gold production. This move is a key driver in the company's evolving profile and its Mission, Vision & Core Values of Orla Mining.

Icon Financial Performance Snapshot

Despite a net loss in Q1 2025 due to acquisition accounting, Orla Mining maintained its 2025 production guidance of 280,000 to 300,000 ounces.

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