Canadian gold producer Orla Mining Ltd. announced on Monday that its board of directors has approved a quarterly cash dividend of $0.015 per share. This marks the company's second dividend payment since initiating its quarterly dividend program in December 2025. The dividend is scheduled to be paid on June 9, 2026, to shareholders of record as of May 26, 2026.

The company also released its strong first-quarter financial results on the same day. Quarterly gold production reached 81,206 ounces, generating revenue of $378.9 million, an increase of nearly 170% year-over-year. Net income was $75.4 million, or $0.22 per share, a significant turnaround from a net loss of $69.8 million in the same period last year. Adjusted earnings per share came in at $0.39, surpassing market expectations of $0.35.

The robust performance was primarily driven by contributions from the Musselwhite mine, which was acquired in February of this year. The mine contributed 62,985 ounces of gold production in the first quarter, with an average head grade of 6.29 grams per tonne. Additionally, a significant rise in gold prices bolstered operational performance, with the average realized price for the quarter reaching $4,575 per ounce.

CEO Jason Simpson stated that the company is on track to meet its full-year production guidance of 340,000 to 360,000 ounces. He also noted that the South Railroad project in Nevada has received approval to commence construction, with work expected to begin in mid-2026. Upon completion, it will become the company's third operating mine.