$ORLA

Equinox Gold to See Mixed Valuation Implications From Orla Mining Acquisition, RBC Says

Equinox Gold's (EQX) planned acquisition of Orla Mining (ORLA) has mixed valuation implications, including an estimated 5% dilution to net asset value per unit, RBC Capital Markets said in a Monday note.The complementary free cash flow profile is the deal's "most positive valuation" item, with Orla providing near-term free cash flow and Equinox Gold's pipeline driving upside on the longer term, RBC said.The deal is also projected to be accretive to certain metrics such as production per share and cash flow per share over 2027 through 2030, the brokerage added.Equinox Gold and Orla Mining's pro forma valuation at current spot prices is "fair" compared with peers, but high torque to gold could be a risk to this valuation, the investment firm noted.RBC cut its price target on Equinox Gold to $14 from $17, with an outperform rating.Price: $10.64, Change: $-0.15, Percent Change: -1.40%

Orla Reports Work Stoppage at Camino Rojo Mine Over Labor Disputes

Orla Mining (ORLA) said Monday an "illegal" work stoppage and blockade by its unionized workers is underway at the Camino Rojo Mine in Zacatecas, Mexico."Operations at the mine have been temporarily halted," the firm said, adding that the stoppage has not followed the procedures under Mexican law, including the filing of a strike notice.The stoppage and blockade stemmed from disputes over bonus and profit-sharing payments, Orla said, adding that it is in talks with the union and authorities, with a meeting set for June 2.The company said it will provide an update after assessing any potential impact on its full-year production guidance.Shares were down more than 7% in midday trading.Price: $12.40, Change: $-1.02, Percent Change: -7.57%

Equinox Gold Agrees To Acquire Orla Mining To Form Combined Gold Producer

Equinox Gold (EQX) said Wednesday it agreed to acquire Orla Mining (ORLA) to create a combined North American gold producer.Under the arrangement, target shareholders will receive one Equinox common share and a nominal cash payment of $0.0001 for each share held, the company said.The combined entity is projected to have an implied market capitalization of roughly $18.5 billion and generate about 1.1 million ounces of annual gold production, Equinox Gold said.Existing Equinox investors will own about 67% of the new organization while former Orla shareholders will hold the remaining 33% stake upon the expected Q3 closing, it said.Shares of Orla Mining were up 3% in Wednesday premarket activity.

Earnings Flash (ORLA) Orla Mining Ltd. Posts Q1 Net Income US$75.4M or $0.22 Per Share

Earnings Flash (ORLA) Orla Mining Reports Q1 Revenue US$378.9M