SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.5% Passive Stake in Orla Mining Ltd.
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 10.5% of Orla Mining Ltd.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, through various entities, beneficially own an aggregate of 33,796,266 shares of Orla Mining Ltd. common stock.
- This ownership represents 10.5% of Orla Mining Ltd.'s total outstanding common stock.
- The filing is an Amendment No. 4 to a Schedule 13G, indicating a passive investment intent and that the shares were acquired and are held in the ordinary course of business, not for control purposes.
- FMR LLC holds sole voting power over 33,796,256 shares and sole dispositive power over 33,796,266 shares.
- Abigail P. Johnson, as a key figure in FMR LLC, is also deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The filing confirms that no single other person's interest in Orla Mining Ltd. common stock, besides the FMR Reporters, exceeds five percent of the total outstanding common stock.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or information that would indicate a positive or negative sentiment regarding Orla Mining Ltd.'s performance or prospects. It is a neutral regulatory filing.
Positives
- The reporting persons, FMR LLC and Abigail P. Johnson, certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Orla Mining Ltd., indicating a stable, passive investment.
Future Outlook
NA
Industry Context
This Schedule 13G filing is a routine disclosure of a significant passive ownership stake by a major investment management firm, FMR LLC, in a publicly traded company, Orla Mining Ltd. Such filings are common in the financial industry as institutional investors adjust their portfolios, and they typically do not indicate any strategic or operational changes for the target company unless the filing type changes to a 13D, which signals an intent to influence or control.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, which may influence market perception of the stock's stability or institutional interest.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2025-03-31 | Date of event which required the filing of this statement (ownership threshold met or changed). |
| 2025-04-04 | Date of signature for the Schedule 13G Amendment No. 4 filing. |
Keywords
Orla Mining Ltd, Common Stock, Schedule 13G, Beneficial Ownership, FMR LLC, Abigail P. Johnson, Investment, SEC Filing, Ownership Disclosure, Passive Investment
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