Ora Banda Mining reports gold output of 33,305 ounces
- Ora Banda Mining produced 33,305 gold ounces in the September 2026 quarter while advancing key growth projects.
- The company's stock fell to $1.12 following the quarterly report release.
- Expansion efforts centre on the transformative 'DRIVE to 300' strategy to scale long-term production.
Ora Banda Mining (ASX:OBM) produced 33,305 ounces of gold during the September quarter while advancing construction of its new 3.0 Mtpa processing plant.
Unit operating costs rose during the quarter to an all-in sustaining cost of $4,214 per ounce sold due to weather disruptions and an extended mill shutdown.
The business closed the period with $207.0 million in cash, supported by $83.3 million in operating cash flows that helped fund $133.7 million in growth investments.
The company stated that its revolving credit facility subsequently increased to $300 million, expanding total available liquidity to $507 million.
Following the announcement, the Ora Banda Mining share price was down at $1.12.
The miner is executing its strategic growth plan to scale up operations towards producing 300,000 ounces of gold annually.
Development activities included advancing underground mining at Waihi ahead of schedule and delivering supporting infrastructure projects.
