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Ora Banda Mining ( (AU:OBM) ) has issued an update.
Ora Banda Mining Limited has updated its guidance for the Davyhurst Project, forecasting a total production of approximately 95,000 ounces of gold for FY25, which is a 35% increase from FY24 but 5% below the lower end of its guidance. The company faced production challenges due to extended downtime from processing plant upgrades, but the plant is now fully operational, and mining performance is strong, with increased ore stockpiles. Despite these challenges, the company expects an all-in sustaining cost of $2,600 per ounce, slightly above previous guidance.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.03 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 Limited is a company in the mining industry, primarily focused on gold production. The company operates the Davyhurst Project and aims to achieve significant annual gold production targets.
Average Trading Volume: 10,631,048
Technical Sentiment Signal: Buy
Current Market Cap: A$2.37B
For an in-depth examination of OBM stock, go to TipRanks’ Stock Analysis page.