2319 GMT - There were hits and misses in Ora Banda Mining's 4Q production report, according to Macquarie. It liked Ora Banda's cash-funded growth. Ora Banda generated A$121 million of operating cash flow and A$36 million of free cash flow in the quarter after investing in its projects. Still, Macquarie was downbeat about its all-in sustaining costs in 4Q and higher FY27 capex. AISC of A$3,870/oz was 16% above the bank's forecast. Macquarie lowers its FY26 Ebitda forecast by 4%. Its FY27 Ebitda view falls 14% to reflect lower production, higher costs and higher capex signaled in the FY27 guidance. Macquarie retains an "outperform" call on Ora Banda, which ended Thursday at A$1.08. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 16, 2026 19:19 ET (23:19 GMT)
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