Why is Ora Banda Mining (ASX:OBM) forecasting lower gold production for FY27?

Ora Banda Mining (ASX:OBM) expects annual gold production to lower to 125,000–140,000 ounces in FY27 because it is pausing third-party processing after October to stockpile ore.

What are the total capital expenditure plans for Ora Banda Mining (ASX:OBM) in FY27?

Ora Banda Mining (ASX:OBM) plans to spend $425 million on growth projects throughout the 2027 financial year. The miner noted that this spending includes a direct investment of $240 million dedicated to building its new processing plant.

What capacity will the new processing facility at Ora Banda Mining (ASX:OBM) have?

Ora Banda Mining (ASX:OBM) is constructing a processing plant designed to process 3 million tonnes of ore per year. The business stated that ore stockpiling will begin late in 2026 to ensure a smooth transition into plant commissioning.

How did Ora Banda Mining (ASX:OBM) perform in FY26 prior to this guidance update?

Ora Banda Mining (ASX:OBM) achieved total production of 140,949 ounces of gold during FY26, boosted by a 39,552-ounce output in the June quarter. The company reported that it closed out the period with total available liquidity of $468 million.

What is the expected production timeline for Ora Banda Mining (ASX:OBM) during FY27?

Ora Banda Mining (ASX:OBM) forecasts that its gold output will be heavily weighted toward the first half of the 2027 financial year. Output will then adjust in the second half while third-party processing ends and stockpiling for the new processing plant takes effect.

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Ora Banda Mining targets lower FY27 gold output

Written by Liezl GambePublished Jul 15, 2026, 10:58 PM

Ora Banda Mining expects annual gold production to ease to 125,000–140,000 ounces in FY27.
The miner plans to spend $425 million on capital growth projects in FY27.
The production ramp-down aligns with stockpiling ore to commission a new 3 million tonne-a-year processing facility.

Ora Banda Mining (ASX:OBM) announced that gold production is expected to ease in the 2027 financial year to between 125,000 and 140,000 ounces.

The forecast follows a June quarter where the miner produced 39,552 ounces, bringing total FY26 output to 140,949 ounces.

Ora Banda detailed that production will be weighted towards the first half of FY27, with third-party processing running through October.

The company stated that ore will subsequently be stockpiled to facilitate the commissioning of its new 3 million tonne-a-year processing plant.

Ora Banda plans to invest $240 million directly in the construction of the new processing facility.

Following the announcement, the Ora Banda share price was up at $1.12.

The capital expenditure builds on FY26 momentum, where the miner generated $468 million.

Ora Banda Mining targets lower FY27 gold output

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