The latest 13F from Fairfax Financial reflects a steady, high-conviction allocation toward real assets, energy, and restructuring platforms — with minimal turnover during the quarter. The portfolio remains concentrated in long-duration value exposures where Fairfax believes intrinsic value exceeds market pricing. Activity this quarter was modest, signaling portfolio satisfaction rather than tactical repositioning.1. Orla Mining (ORLA) — No Change56.8M shares — $610.5M position (~29.6% of portfolio)Change Sh ...

Core Viewpoint - Orla Mining Ltd. has experienced significant growth in its share prices, driven by a surge in gold prices and a record-breaking production performance in the previous year [1][3]. Group 1: Stock Performance - Orla Mining's share prices increased by 25% week-on-week, reaching an all-time high [1]. - On a single trading day, the stock peaked at $18.50 before closing at $18.45, reflecting a 5.91% increase [2]. Group 2: Gold Market Context - Gold prices reached a new record high of $4,900, attracting investor interest amid geopolitical tensions and trade uncertainties [3]. - The demand for precious metals as safe assets has been bolstered by ongoing global uncertainties [3]. Group 3: Production Achievements - Orla Mining exceeded its total production target for the year, achieving 300,620 ounces against a guidance of 265,000 to 285,000 ounces [3]. - The company sold 297,013 ounces of gold during the same year [4]. - The President and CEO highlighted the company's successful execution and the strength of its diversified portfolio, particularly in Mexico and Canada [5].

Core Insights - Orla Mining is transitioning from an asset developer to a diversified producer, indicating a strategic shift in its operational focus [1] Company Overview - The company was previously covered in June 2025, highlighting its quiet operations during that period [1] - The current analysis references the Lassonde Curve, which suggests a significant change in the company's production capabilities [1] Analyst Background - The analyst has 10 years of experience in investment banking, specializing in industry and company research, with a focus on small-cap, energy, commodities, and special situations [1] - The investment strategy emphasizes growth through fundamental momentum indicators such as EPS, ROE, and revenue [1] - The analyst utilizes econometric tools to analyze market direction, cycles, and behavior [1]

Orla Mining Ltd. (NYSE:ORLA) is one of the 9 Best Junior Gold Mining Stocks to Buy Now. As of January 5, Orla Mining Ltd. (NYSE:ORLA) shares have soared over 36% over the past six months. Out of 10 analysts covering ORLA, 8 rank the stock as a Buy with an average price target of $16.87, indicating an upside of 21.93% as of January 5. On December 18, Orla Mining updated on exploration results at Musselwhite Mine. The company achieved successful exploration results at the mine, confirming the extension of ...

Core Insights - Orla Mining Ltd. is recognized as one of the 13 best gold mining companies to invest in, with RBC Capital maintaining a Buy rating and raising the price target to C$32 [1] Exploration and Production Updates - On December 18, Orla Mining reported positive exploration results at the Musselwhite Mine, confirming high-grade mineralization extends two kilometers beyond current mining areas, enhancing confidence in future resource growth and mine life [2] - The company's drilling program has shown strong results across all priority zones, leading to an increase in planned drill metres from 11,000 to approximately 12,500 metres by the end of 2025 [2] - In the third quarter of 2025, the Musselwhite Gold Mine produced 57,586 ounces of gold with a recovery rate of 95.3% [3] Operational Performance - The integration of the Musselwhite Mine is progressing well, with operations performing strongly [4] - Orla Mining is on track to meet the upper end of its revised annual production guidance of 265,000 to 285,000 ounces of gold [4]

Core Viewpoint - Orla Mining Ltd. (ORLA) has shown a significant price increase of 25.1% over the past four weeks, with a mean price target of $16.56 indicating a potential upside of 33.3% from the current price of $12.42 [1] Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $3, indicating variability among analysts. The lowest estimate is $12.60 (1.5% increase), while the highest is $19.95 (60.6% increase) [2] - Analysts' price targets can often mislead investors, as empirical research suggests that these targets rarely indicate the actual price direction of a stock [7] - A low standard deviation in price targets suggests a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Sentiment - There is increasing optimism among analysts regarding ORLA's earnings prospects, supported by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 11.9% over the past month, with three estimates increasing and no negative revisions [12] - ORLA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] Conclusion on Price Movement - While the consensus price target may not be a reliable measure of potential gains, the implied direction of price movement appears to be a useful guide for investors [14]

Core Insights - Alluvial Gold Research provides detailed research on undervalued miners with potential catalysts for portfolio outperformance [1] - The focus is on precious metals developers, producers, and royalty/streaming companies, with real-time buy/sell alerts and sentiment indicators offered to subscribers [1] Group 1 - The leader of Alluvial Gold Research, Taylor Dart, has over 16 years of trading experience, specializing in precious metals [1] - Subscribers gain access to current portfolios, entry/exit points, and proprietary sentiment indicators for gold and silver miners [1] Group 2 - The article emphasizes the importance of conducting due diligence and consulting financial professionals before making investment decisions [2][3] - It is noted that past performance does not guarantee future results, and no specific investment recommendations are provided [4]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Orla Mining Ltd. identified as a promising candidate due to its strong growth metrics and favorable rankings [1][2]. Group 1: Earnings Growth - Orla Mining has a historical EPS growth rate of 83.4%, with projected EPS growth of 212% this year, significantly surpassing the industry average of 65.4% [5]. - Double-digit earnings growth is preferred by growth investors as it indicates strong future prospects and potential stock price gains [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 58.9%, well above the industry average of 6%, highlighting its strong financial health [6]. - Over the past 3-5 years, Orla Mining's annualized cash flow growth rate has been 49.7%, compared to the industry average of 15.4% [7]. Group 3: Earnings Estimate Revisions - The current-year earnings estimates for Orla Mining have been revised upward, with the Zacks Consensus Estimate increasing by 20.5% over the past month, indicating positive momentum [8]. Group 4: Overall Assessment - Orla Mining has achieved a Growth Score of A and a Zacks Rank of 2, reflecting its strong growth potential and positive earnings estimate revisions, making it a solid choice for growth investors [10].

Core Viewpoint - Orla Mining Ltd. (ORLA) has significantly outperformed the Basic Materials sector in year-to-date returns, making it an attractive option for investors in this industry [1][4]. Company Performance - Orla Mining Ltd. has returned approximately 128.9% since the beginning of the calendar year, compared to the Basic Materials sector's average return of 19.4% [4]. - The Zacks Consensus Estimate for ORLA's full-year earnings has increased by 37.4% over the past 90 days, indicating a positive trend in analyst sentiment [3]. Industry Context - Orla Mining Ltd. is part of the Mining - Gold industry, which consists of 41 companies and has achieved an average return of 124.1% year-to-date [5]. - In contrast, another Basic Materials stock, Salzgitter AG (SZGPY), has returned 112.9% year-to-date and is part of the Steel - Producers industry, which has only increased by 34% since the start of the year [4][6]. Zacks Rank - Orla Mining Ltd. currently holds a Zacks Rank of 2 (Buy), reflecting its strong earnings outlook and positive analyst revisions [3][5].

Core Viewpoint - Orla Mining Ltd. is experiencing significant improvements in earnings estimates, which may lead to continued stock price momentum [1][2]. Earnings Estimate Revisions - Analysts have shown growing optimism regarding Orla Mining's earnings prospects, leading to a rising trend in estimate revisions that is expected to positively impact the stock price [2]. - The current quarter's earnings estimate is projected at $0.26 per share, reflecting a substantial increase of +271.4% compared to the previous year [5]. - For the full year, the earnings estimate stands at $0.78 per share, indicating a year-over-year change of +212.0% [6]. - Over the past month, four estimates have been revised upward for the current year, with no negative revisions, resulting in a 25.3% increase in the consensus estimate [6][7]. Zacks Rank and Performance - Orla Mining has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts on the upward revisions of earnings estimates [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting a favorable investment outlook for Orla Mining [8]. Stock Performance - The stock has gained 16% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].