Orla Mining Stock Falls as Investor Sells C$441.1 Million Shares as Part of Portfolio Rebalance
By Adriano Marchese
Orla Mining shares fell sharply Friday after investor Fairfax Financial Holdings sold 441.1 million Canadian dollars (US$316 million) worth of its shares.
Shares fell 7.3% to C$17.82 but stock is still up about 123% year-to-date.
Fairfax Financial, through its subsidiaries, sold 25 million common shares in the Canadian miner at a price of C$17.6435 apiece.
The sale was part of a portfolio investment rebalancing.
Prior to the share sale, Fairfax and its insurance subsidiaries held about 56.8 million common shares of Orla, US$150 million in convertible notes and 17.5 million warrants.
This represented roughly 16.7% of Orla's outstanding shares, or 26.3% if the notes and warrants were converted. After the sale, Fairfax's holdings decreased to 31.8 million shares, while it retained the same notes and warrants. Its ownership now equals about 9.4% of Orla's outstanding shares, or 19.8% on a partially diluted basis.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 05, 2025 10:35 ET (15:35 GMT)
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