Ora Banda Mining (ASX: OBM)
Provided the following production results for FY25 and the June quarter, with the full quarterly results expected to be released in late July.
The Company also includes Guidance for FY26 in this release.
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Riverina adit – Courtesy of Ora Banda Mining
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| Ora Banda | ASX: OBM | |
| Stage | Production + development | |
| Metals | Gold | |
| Market cap | A$1.26 Billion @ A$0.64 | |
| Location | Western Australia | |
| Website | www.orabandamining.com.au |
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Ora Banda FY25 Production Results & FY26 Guidance
Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda”, “OBM” or “Company”) provides the following production results for FY25 and the June quarter, with the full quarterly results expected to be released in late July.
The Company also includes Guidance for FY26 in this release.
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FY25 performance:
• Gold produced (including attributed ounces) for the June 2025 quarter totalled 21.9koz;
impacted by the slower than expected ramp up of the Mill1 and mining delays at Riverina Underground deferring 3koz in high grade stopes into early July.
Gold production includes attributed equivalent production of 1.4koz from third party processing of ore sold by OBM to Norton Gold Fields (“NGF”) (Paddington Mill) in June under an ore sale agreement.
• June quarter Gold sold totalled 20.2koz processed through Davyhurst processing plant
• Gold production in FY25 continued the organic growth of OBM with a 32% increase on FY24,
and the second year of over 30% year-on-year organic growth with 92.4koz produced
(including the above mentioned attributed equivalent production of 1.4koz)
• Closing cash of $84.2M, reflecting $57.4M in free cash flow in FY25 and increased $3.5M in the June quarter
• Closing Stockpiles of 165kt at 1.9g/t for 10koz (including medium grade of 63kt @2.8g/t for 5.7koz) sets the Company up well for the start of FY26.
In addition, the June quarter ended with 2.8koz in GIC.
FY26 Guidance:
Gold Production Koz 140 – 155*
AISC A$/oz 2,800 – 2,900
Exploration & Resource Development $M 73
Growth Capital, comprised of: $M 86
– UG Development & Infrastructure $M 37
– Process Plant Upgrades $M 6
– Other Projects (e.g. airstrip, camps) $M 43
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To read the full news release, please click HERE
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.To View Ora Banda Mining’s historical news, please click here
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Ora Banda MIning.
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