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An announcement from Ora Banda Mining ( (AU:OBM) ) is now available.
Ora Banda Mining Ltd reported a 32% increase in gold production for FY25, achieving 92.4koz, despite some operational delays. The company ended the year with a strong cash position of $84.2M and significant stockpiles, setting a positive outlook for FY26. For FY26, Ora Banda projects a 60% increase in gold production, aiming for 140-155koz, driven by contributions from the Sand King Underground Mine and third-party ore processing agreements. The company anticipates higher all-in sustaining costs due to increased processing and mining expenses, alongside higher royalties from stronger gold prices.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.20 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 a company operating in the mining industry, primarily focused on gold production. The company is engaged in the extraction and processing of gold, with a market focus on organic growth and strategic ore sale agreements.
Average Trading Volume: 9,394,775
Technical Sentiment Signal: Hold
Current Market Cap: A$1.4B
Learn more about OBM stock on TipRanks’ Stock Analysis page.