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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.180 -0.11 (-8.53%)+
Announcement
Release
8 Oct 2025 8:20AM
Price at Release
$1.290
Full Release
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Summary
Ora Banda Mining Ltd (ASX: OBM) announced a record quarterly gold production for the September 2025 quarter, achieving 30,595 ounces including attributed ounces from third-party milling. This marks a 39% increase in production compared to the previous quarter. The company also reported record free cash flows of $38.5 million, bringing the closing cash to $122.7 million. The improvements were attributed to the increased production rate at the Sand King underground mine and enhancements in the Davyhurst plant. Expectations are set for continued improvement throughout FY26. The announcement highlighted ongoing reinvestment into organic growth through infrastructure upgrades and exploration initiatives.
Key Points
  • Record gold production of 30,595 ounces.
  • 39% increase in production from the prior quarter.
  • Record free cash flows of $38.5 million.
  • Closing cash at the quarter end of $122.7 million.
  • Increased production rate at Sand King underground mine.
  • Improvements in Davyhurst plant throughput rates and recoveries.
  • Forecast of continued production improvements for the remainder of FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.