Ora Banda Mining Posts Higher March Quarter Gold Production, Shares Up 10%

MT Newswires Live

Apr 16

Ora Banda Mining (ASX:OBM) said gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces, according to a Thursday Australian bourse filing.

The company said free cash flows of AU$76.3 million lifted closing cash to AU$231.7 million from AU$155.4 million at December 2025, after capital investment of AU$52.5 million on capital projects, resource development, and exploration, and AU$4 million on put option premium payments.

The gold producer said all-in sustaining costs of AU$3,612 per ounce sold remain elevated primarily due to third-party processing costs, which delivered 10,900 ounces in the quarter, with the company continuing to advance studies toward building a new standalone three million tonne per annum processing plant with a decision expected in the June quarter.

The company said its Davyhurst plant achieved throughput of 343,200 tonnes in the quarter, up 17% from the prior quarter, with recoveries of 93%.

Ora Banda Mining's shares gained 10% in recent Thursday trade.

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