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Ora Banda Mining ( (AU:OBM) ) has issued an update.
Ora Banda Mining reported a record March 2026 quarter with gold production of 38,766 ounces, a 21% increase on the prior quarter, generating $76.3 million in free cash flow and lifting cash on hand to $231.7 million. While all-in sustaining costs remained elevated due to reliance on third-party processing, the Davyhurst plant achieved record throughput and recoveries, and the company is progressing studies for a new standalone 3mtpa processing plant.
Exploration across the Davyhurst Project delivered a tenfold increase in the Round Dam Mineral Resource to 1.3 million ounces, standout drill results at Golden Pole, and the discovery of the new Sapphire trend at Little Gem. Backed by strong cash generation, Ora Banda approved $63 million of internally funded investment to advance key growth projects, including restarting open pit mining at Waihi and moving its mill study to FEED status, underscoring a push for long-term growth and resource expansion.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.60 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 focused on the Davyhurst operations in Western Australia. The company mines and processes gold ore, with a strategy centred on increasing production, expanding mineral resources and investing in processing capacity to strengthen its position in the regional gold sector.
Average Trading Volume: 9,261,003
Technical Sentiment Signal: Buy
Current Market Cap: A$2.35B
See more data about OBM stock on TipRanks’ Stock Analysis page.