Van Eck discloses 5.7% Orla Mining (ORLA) stake in Schedule 13G

Rhea-AI Filing Summary

Van Eck Associates Corporation filed a Schedule 13G reporting a passive ownership stake in Orla Mining Ltd.. Van Eck reports beneficial ownership of 19,376,060 common shares, representing 5.7% of the class as of 12/31/2025. The firm has sole voting and sole dispositive power over all reported shares, with no shared power. Van Eck certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Orla Mining.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Orla Mining Ltd.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

68634K106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 68634K106

1

Names of Reporting Persons

VAN ECK ASSOCIATES CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,376,060.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,376,060.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,376,060.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Orla Mining Ltd.
(b)	Address of issuer's principal executive offices: SUITE 2020, 666 BURRARD STREET, VANCOUVER, Canada (Federal Level), V6C 2X8
Item 2.
(a)	Name of person filing: Van Eck Associates Corporation
(b)	Address or principal business office or, if none, residence: 666 Third Ave, 9th Floor, New York NY 10017
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 68634K106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 19376060
(b)	Percent of class: 5.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19376060
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 19376060
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

VAN ECK ASSOCIATES CORP

Signature:	Ashley Sousa
Name/Title:	Assistant Vice President, Van Eck Associates Corporation
Date:	02/13/2026

FAQ

What ownership stake in ORLA does Van Eck Associates report?

Van Eck Associates reports beneficial ownership of 19,376,060 Orla Mining common shares, representing 5.7% of the class as of December 31, 2025. This positions Van Eck as a significant institutional holder under beneficial ownership disclosure rules.

Is Van Eck’s position in Orla Mining (ORLA) considered passive or active?

Van Eck characterizes its Orla Mining stake as passive. It certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control or participate in any control-related transaction, consistent with a Schedule 13G filing.

How much voting power does Van Eck have over Orla Mining (ORLA) shares?

Van Eck reports sole voting power over 19,376,060 Orla Mining common shares and no shared voting power. It also has sole dispositive power over the same number of shares, meaning it alone directs how these shares are voted and disposed.

Why did Van Eck Associates file a Schedule 13G for Orla Mining (ORLA)?

Van Eck filed Schedule 13G because its beneficial ownership in Orla Mining common shares reached more than 5% of the class, triggering reporting requirements. Schedule 13G is used when the holder qualifies as a passive investor rather than seeking to influence control.

What type of securities does Van Eck hold in Orla Mining (ORLA)?

Van Eck holds common shares of Orla Mining Ltd., identified by CUSIP 68634K106. The filing specifies only this class of securities, with no mention of preferred shares, warrants, or other instruments associated with its disclosed ownership position.

Where is Van Eck Associates Corporation, the Orla Mining (ORLA) holder, based?

Van Eck Associates Corporation is organized in Delaware and lists its principal business office at 666 Third Ave, 9th Floor, New York, NY 10017. This identifies it as a U.S.-based institutional investor reporting its Orla Mining ownership.