Top Page
Ora Banda Mining
(Sydney:OBM)
Ora Banda Mining (OBM) vs. iShares MSCI Australia ETF (EWA)
Ora Banda Mining Business Overview & Revenue Model
Ora Banda Mining Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 554.15M | 404.29M | 214.24M | 135.89M | 154.26M | 25.11M |
| Gross Profit | 240.66M | 153.00M | 22.56M | -31.58M | -6.00M | -8.85M |
| EBITDA | 259.75M | 165.48M | 54.44M | -23.59M | -45.20M | -14.54M |
| Net Income | 231.54M | 186.08M | 27.57M | -44.13M | -87.94M | -22.28M |
Balance Sheet | ||||||
| Total Assets | 569.91M | 444.42M | 195.81M | 114.62M | 100.74M | 172.51M |
| Cash, Cash Equivalents and Short-Term Investments | 155.44M | 84.18M | 26.80M | 24.73M | 27.75M | 24.22M |
| Total Debt | 36.18M | 39.90M | 31.09M | 31.80M | 24.34M | 27.19M |
| Total Liabilities | 180.21M | 158.04M | 99.03M | 83.53M | 65.91M | 70.49M |
| Stockholders Equity | 389.70M | 286.38M | 96.79M | 31.09M | 34.84M | 102.02M |
Cash Flow | ||||||
| Free Cash Flow | 197.58M | 76.47M | -32.84M | -40.19M | -14.41M | -58.67M |
| Operating Cash Flow | 283.19M | 190.46M | 36.25M | -23.47M | 24.76M | -11.24M |
| Investing Cash Flow | -161.02M | -114.99M | -39.49M | -11.24M | -27.60M | -43.32M |
| Financing Cash Flow | -24.57M | -18.09M | 5.31M | 31.68M | 6.38M | 68.20M |
Ora Banda Mining Technical Analysis
Ora Banda Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$2.67B | 11.40 | 97.13% | ― | 88.71% | 541.56% | |
72 Outperform | AU$6.22B | 75.73 | 13.09% | ― | 130.98% | ― | |
69 Neutral | AU$4.68B | 46.25 | 14.25% | ― | 17.59% | 0.98% | |
69 Neutral | AU$7.61B | 28.91 | 12.65% | 0.46% | 89.86% | -81.65% | |
68 Neutral | AU$2.28B | 17.82 | 27.46% | ― | 14.01% | 331.24% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Ora Banda Mining Corporate Events
Ora Banda Mining has reported further strong drilling results from its Phase 1 program at the Round Dam Trend, an 18km mineralised corridor located about 15km from the company’s Davyhurst processing plant in Western Australia. Systematic drilling over a 7.5km section has so far completed about 53,000 metres of a planned 62,000-metre campaign, identifying up to six subparallel continuous gold lodes and multiple high-grade ore shoots, as well as broad mineralised zones that support potential bulk-tonnage open pit mining. The company says these results point to a large-scale surface mining opportunity with additional underground potential, reinforcing Round Dam as a key pillar in its near-term mine development pipeline and bolstering the case for leveraging existing infrastructure to accelerate resource growth and production options.
The most recent analyst rating on (AU:OBM) stock is a Hold 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.
Ora Banda Mining has approved a suite of growth initiatives at its Davyhurst operations, committing $10 million to move a proposed ~3Mtpa standalone processing plant from definitive feasibility to front-end engineering design, which will refine the design and capital requirements for a new mill alongside its existing 1.2Mtpa plant. The board has also sanctioned $30 million in pre-production capital to start a new open pit at Waihi, expected to become the company’s third mining operation and initially deliver about 12,700 ounces over eight months while supporting potential underground development, and $23.2 million to expand accommodation capacity with a new 150-room camp at Siberia and an extra 100 rooms at Davyhurst, with total camp works estimated at $34 million. These fully cash-funded projects, underpinned by strong cash flows and a reported A$155 million cash balance at year-end 2025, prompt an increase in FY26 growth capital guidance to $143 million and aim to scale production, de-risk future underground opportunities at Waihi, and strengthen Ora Banda’s operational footprint and workforce support in the region.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
Ora Banda Mining reported record quarterly gold production of 32,036 ounces in the December 2025 quarter, a 5% rise on the prior period and 39% higher than the second half of FY25, alongside robust exploration results at Waihi, Little Gem/Riverina and Sand King that support future mine development. Despite a sharp increase in all-in sustaining costs to A$3,505/oz due to greater reliance on higher-cost third-party processing, the company grew its cash balance by A$32.8 million to A$155.4 million while investing heavily in underground development, infrastructure and exploration, and has approved A$63 million of internally funded growth projects in FY26, including work on a new 3mtpa mill, reaffirming production guidance of 140,000–155,000 ounces (towards the lower end) but lifting full-year cost and capital guidance as it accelerates its organic growth strategy.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
Ora Banda Mining has reported a series of thick, high-grade gold intercepts from follow-up drilling on the Golden Pole lode at its Waihi Project, significantly expanding the known mineralisation envelope and confirming both down-plunge extensions and a new hanging-wall lode. The success at Golden Pole has prompted an immediate 20-hole infill and extensional drill program within an already expanded 97-hole campaign across Waihi, with additional strong results at Waihi East and Homeward Bound and the first signs of a new lode west of Golden Pole, reinforcing Waihi’s potential to become the company’s third underground mine within close proximity to the Davyhurst processing facility and enhancing the project’s strategic importance for future production growth.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.37 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
Ora Banda Mining Ltd has applied to the ASX for the quotation of 250,000 new fully paid ordinary shares, issued on 16 December 2025. The modest enlargement of the company’s quoted share capital reflects the conversion or exercise of existing securities and marginally increases the free float, but does not signal a major change to its capital structure or operational strategy.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.22 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
Ora Banda Mining has notified the market of the cessation of 174,582 performance rights (security code OBMAX) that were due to expire on 30 June 2029 under its FY25 long-term incentive plan. The rights lapsed on 24 December 2025 because the relevant performance or vesting conditions were not met or were no longer capable of being satisfied, resulting in a reduction of potential future equity dilution for existing shareholders and a modest adjustment to the company’s issued capital profile.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.22 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
Ora Banda Mining has announced significant progress in its drilling operations at the Sand King project within the northern corridor, uncovering extensive mineralisation outside the current life-of-mine plan. With promising high-grade findings from surface and underground drilling, this development signals potential for robust growth in resource inventory and mine life extensions, reinforcing the project’s significance for the company’s long-term objectives.
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.
Ora Banda Mining Ltd has announced the quotation of 5,000,000 ordinary fully paid securities on the Australian Securities Exchange, effective December 10, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market position and offering new opportunities for stakeholders.
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.
Ora Banda Mining Ltd has announced that UBS Group AG and its related bodies corporate have ceased to be substantial shareholders as of November 18, 2025. This change in shareholding may impact the company’s stockholder dynamics and could influence its market perception, although specific implications for stakeholders were not detailed in the release.
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.
Ora Banda Mining Ltd announced that all resolutions presented at its Annual General Meeting were successfully carried by a poll. This outcome reflects strong shareholder support for the company’s current management and strategic direction, potentially reinforcing its market position and stakeholder confidence.
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.
Ora Banda Mining Ltd has released a presentation highlighting its current activities and future plans. The presentation includes forward-looking statements regarding production and financial performance, emphasizing a non-binding Memorandum of Understanding with Norton Gold Fields, which is expected to lead to a binding ore sale agreement. The company cautions that actual outcomes may differ from these projections due to various risks and uncertainties. Stakeholders are advised to consider these factors when evaluating potential investments.
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.
Ora Banda Mining Ltd has reported a transformative year in FY25, marked by the successful commissioning of its Sand King mine, leading to record production and significant financial growth. The company has invested heavily in capital projects and sustainability initiatives, achieving notable improvements in safety, workforce diversity, and community engagement. Looking ahead, Ora Banda plans to increase production by 60% in FY26 and undertake extensive exploration and development activities, positioning itself as a stronger mid-tier gold mining business.
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.