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An announcement from Ora Banda Mining ( (AU:OBM) ) is now available.
Ora Banda Mining reported a strong first half for FY26, with record revenue of $336.3 million and net profit after tax up 89% to $96.3 million, supported by higher gold prices and increased sales volumes. Operating cash flow more than doubled to $184.0 million, allowing the company to close the period with $155.4 million in cash while reinvesting $107.3 million into underground development, exploration, and infrastructure.
Gold production rose 32% to 62,631 ounces, driven by the ramp-up of the Sand King underground mine and contributions from third-party campaigns, with Sand King achieving capital payback within 12 months of portal establishment. The company’s unhedged position provided full leverage to a 45% increase in the realised gold price, underpinning a 106% jump in EBITDA to $173.2 million and reinforcing Ora Banda’s growth trajectory and financial strength in a buoyant gold market.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
More about Ora Banda Mining
Ora Banda Mining Ltd is an Australian gold producer listed on the ASX and focused on underground operations in Western Australia. The company’s portfolio includes the Riverina and Sand King underground mines, and it also benefits from third-party processing campaigns such as those at Norton Gold Fields’ Paddington mill, positioning it as a growing mid-tier player in the gold sector.
Average Trading Volume: 8,236,300
Technical Sentiment Signal: Buy
Current Market Cap: A$2.35B
Learn more about OBM stock on TipRanks’ Stock Analysis page.