An announcement from Ora Banda Mining ( (AU:OBM) ) is now available.
Ora Banda Mining Limited reported a strong performance for the March 2025 quarter, with a significant increase in cash reserves and gold production. The company achieved a 6% increase in gold sales and a 1% rise in gold production compared to the previous quarter. The Riverina Underground operation continued to deliver high-grade ore, and the Sand King Underground mine commenced its first production stope. Despite temporary downtime due to processing plant upgrades, the company anticipates increased production rates in the upcoming quarter. Exploration efforts confirmed high-grade mineralization at Riverina and identified a new potential deposit at Little Gem, enhancing the company’s resource base.
More about Ora Banda Mining
Ora Banda Mining Limited is a company operating in the mining industry, primarily focused on gold production and exploration. The company is involved in the development of underground mining operations and has a market focus on increasing gold production and exploring new mineral deposits.
YTD Price Performance: 56.92%
Average Trading Volume: 9,483,626
Technical Sentiment Signal: Sell
Current Market Cap: A$1.92B
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