← Orla Mining overview

Orla Mining vs REalloys: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Orla Mining Ltd (ORLA)

Q3 2026
▲4

Orla's merger with Equinox Gold is now complete

  • Merger completed, Orla shares to be exchanged Equinox Gold and Orla Mining closed their business combination on July 31, 2026. Orla shareholders receive 1.00 Equinox share per Orla share, and Orla will delist from the TSX and NYSE American. This locks in the deal value and ends Orla as a standalone public company.

    This is the final, decisive event that determines Orla's price and future as a standalone stock.

  • Shareholder vote and deal terms confirmed Equinox mailed meeting materials for a July 22 vote on issuing up to 421.8 million shares to Orla holders. Both boards recommended approval, and the combined company is expected to produce 1.1 million ounces of gold annually with about $1.4 billion in free cash flow in 2026.

    It shows the merger cleared its key approval step and confirms the value Orla holders are getting.

  • Camino Rojo back to normal, guidance kept Orla's Camino Rojo mine in Mexico resumed operations on June 5 after a four-day illegal worker blockade. The company reiterated 2026 production guidance of 110,000–120,000 ounces, received a key environmental permit, and has a favorable study for an underground project beneath the pit.

    It removes a supply disruption and confirms Orla's core mine is on track, supporting the value of its shares in the merger.

  • Equinox's strong Q2 and Los Filos land deals Equinox reported Q2 production of 176,836 ounces, with Canadian mines ramping up well, and signed 20-year land access agreements at Los Filos. These strengthen the combined company Orla shareholders are joining, making the Equinox shares they receive more valuable.

    It shows the acquirer is performing well and de-risking a key asset, which supports the value of the Equinox shares Orla holders receive.

July 2026
▲4

Orla's merger with Equinox Gold is now complete

  • Merger completed, Orla shares to be exchanged Equinox Gold and Orla Mining closed their business combination on July 31, 2026. Orla shareholders receive 1.00 Equinox share per Orla share, and Orla will delist from the TSX and NYSE American. This locks in the deal value and ends Orla as a standalone public company.

    This is the final, decisive event that determines Orla's price and future as a standalone stock.

  • Shareholder vote and deal terms confirmed Equinox mailed meeting materials for a July 22 vote on issuing up to 421.8 million shares to Orla holders. Both boards recommended approval, and the combined company is expected to produce 1.1 million ounces of gold annually with about $1.4 billion in free cash flow in 2026.

    It shows the merger cleared its key approval step and confirms the value Orla holders are getting.

  • Camino Rojo back to normal, guidance kept Orla's Camino Rojo mine in Mexico resumed operations on June 5 after a four-day illegal worker blockade. The company reiterated 2026 production guidance of 110,000–120,000 ounces, received a key environmental permit, and has a favorable study for an underground project beneath the pit.

    It removes a supply disruption and confirms Orla's core mine is on track, supporting the value of its shares in the merger.

  • Equinox's strong Q2 and Los Filos land deals Equinox reported Q2 production of 176,836 ounces, with Canadian mines ramping up well, and signed 20-year land access agreements at Los Filos. These strengthen the combined company Orla shareholders are joining, making the Equinox shares they receive more valuable.

    It shows the acquirer is performing well and de-risking a key asset, which supports the value of the Equinox shares Orla holders receive.

Latest
▲4

Orla's merger with Equinox Gold is now complete

  • Merger completed, Orla shares to be exchanged Equinox Gold and Orla Mining closed their business combination on July 31, 2026. Orla shareholders receive 1.00 Equinox share per Orla share, and Orla will delist from the TSX and NYSE American. This locks in the deal value and ends Orla as a standalone public company.

    This is the final, decisive event that determines Orla's price and future as a standalone stock.

  • Shareholder vote and deal terms confirmed Equinox mailed meeting materials for a July 22 vote on issuing up to 421.8 million shares to Orla holders. Both boards recommended approval, and the combined company is expected to produce 1.1 million ounces of gold annually with about $1.4 billion in free cash flow in 2026.

    It shows the merger cleared its key approval step and confirms the value Orla holders are getting.

  • Camino Rojo back to normal, guidance kept Orla's Camino Rojo mine in Mexico resumed operations on June 5 after a four-day illegal worker blockade. The company reiterated 2026 production guidance of 110,000–120,000 ounces, received a key environmental permit, and has a favorable study for an underground project beneath the pit.

    It removes a supply disruption and confirms Orla's core mine is on track, supporting the value of its shares in the merger.

  • Equinox's strong Q2 and Los Filos land deals Equinox reported Q2 production of 176,836 ounces, with Canadian mines ramping up well, and signed 20-year land access agreements at Los Filos. These strengthen the combined company Orla shareholders are joining, making the Equinox shares they receive more valuable.

    It shows the acquirer is performing well and de-risking a key asset, which supports the value of the Equinox shares Orla holders receive.

REalloys Inc. (ALOY)

Q3 2026
▲3

REalloys Advances U.S. Rare Earth Supply Chain as China Curbs Bite

  • China's export curbs create supply gap China's export restrictions on heavy rare earths like dysprosium and terbium are squeezing global supply, pushing prices for non-Chinese material to 3-4x Chinese levels. REalloys, as a non-Chinese supplier with exclusive offtake and a new metallization plant, stands to benefit from higher prices and surging demand.

    This is the core supply-side force driving ALOY's value: China's restrictions create a shortage that REalloys is positioned to fill.

  • U.S. Army selects REalloys for Tooele plant REalloys was conditionally chosen by the U.S. Army to build and operate heavy rare earth processing facilities at Tooele Army Depot. This secures a strategic site and long-term government demand, with no taxpayer subsidies, and aligns with the 2027 Pentagon ban on Chinese materials.

    This is a major new demand catalyst: a direct government partnership that validates REalloys' technology and locks in future revenue.

  • REalloys builds integrated North American supply chain REalloys is assembling a mine-to-magnet supply chain through feedstock deals (Saskatchewan, Greenland), a metallization facility, and a magnet partnership with JS Link. It raised ~$100 million to accelerate this, positioning itself as a key non-Chinese supplier as Pentagon sourcing rules tighten.

    This shows the company's execution on its strategy, which underpins its long-term growth and competitive edge.

  • Q2 revenue up 83%, but net loss widens REalloys reported 83% revenue growth to $0.8 million, driven by its Ohio facility, and said it is fully funded for upgrades. However, net loss widened to $36.8 million due to non-cash stock compensation. The market focused on the growth and funding, sending shares up 13.7%.

    This is the latest financial update, showing both progress and costs, and explains the recent stock move.

July 2026
▲3

REalloys Advances U.S. Rare Earth Supply Chain as China Curbs Bite

  • China's export curbs create supply gap China's export restrictions on heavy rare earths like dysprosium and terbium are squeezing global supply, pushing prices for non-Chinese material to 3-4x Chinese levels. REalloys, as a non-Chinese supplier with exclusive offtake and a new metallization plant, stands to benefit from higher prices and surging demand.

    This is the core supply-side force driving ALOY's value: China's restrictions create a shortage that REalloys is positioned to fill.

  • U.S. Army selects REalloys for Tooele plant REalloys was conditionally chosen by the U.S. Army to build and operate heavy rare earth processing facilities at Tooele Army Depot. This secures a strategic site and long-term government demand, with no taxpayer subsidies, and aligns with the 2027 Pentagon ban on Chinese materials.

    This is a major new demand catalyst: a direct government partnership that validates REalloys' technology and locks in future revenue.

  • REalloys builds integrated North American supply chain REalloys is assembling a mine-to-magnet supply chain through feedstock deals (Saskatchewan, Greenland), a metallization facility, and a magnet partnership with JS Link. It raised ~$100 million to accelerate this, positioning itself as a key non-Chinese supplier as Pentagon sourcing rules tighten.

    This shows the company's execution on its strategy, which underpins its long-term growth and competitive edge.

  • Q2 revenue up 83%, but net loss widens REalloys reported 83% revenue growth to $0.8 million, driven by its Ohio facility, and said it is fully funded for upgrades. However, net loss widened to $36.8 million due to non-cash stock compensation. The market focused on the growth and funding, sending shares up 13.7%.

    This is the latest financial update, showing both progress and costs, and explains the recent stock move.

Latest
▲3

REalloys Advances U.S. Rare Earth Supply Chain as China Curbs Bite

  • China's export curbs create supply gap China's export restrictions on heavy rare earths like dysprosium and terbium are squeezing global supply, pushing prices for non-Chinese material to 3-4x Chinese levels. REalloys, as a non-Chinese supplier with exclusive offtake and a new metallization plant, stands to benefit from higher prices and surging demand.

    This is the core supply-side force driving ALOY's value: China's restrictions create a shortage that REalloys is positioned to fill.

  • U.S. Army selects REalloys for Tooele plant REalloys was conditionally chosen by the U.S. Army to build and operate heavy rare earth processing facilities at Tooele Army Depot. This secures a strategic site and long-term government demand, with no taxpayer subsidies, and aligns with the 2027 Pentagon ban on Chinese materials.

    This is a major new demand catalyst: a direct government partnership that validates REalloys' technology and locks in future revenue.

  • REalloys builds integrated North American supply chain REalloys is assembling a mine-to-magnet supply chain through feedstock deals (Saskatchewan, Greenland), a metallization facility, and a magnet partnership with JS Link. It raised ~$100 million to accelerate this, positioning itself as a key non-Chinese supplier as Pentagon sourcing rules tighten.

    This shows the company's execution on its strategy, which underpins its long-term growth and competitive edge.

  • Q2 revenue up 83%, but net loss widens REalloys reported 83% revenue growth to $0.8 million, driven by its Ohio facility, and said it is fully funded for upgrades. However, net loss widened to $36.8 million due to non-cash stock compensation. The market focused on the growth and funding, sending shares up 13.7%.

    This is the latest financial update, showing both progress and costs, and explains the recent stock move.

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