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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.590 0.5 (45.87%)+
Announcement
Release
16 Jul 2026 8:17AM
Price at Release
$1.090
Full Release
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Summary
Ora Banda Mining Ltd's June 2026 Quarterly Activities Report highlights a robust financial and operational performance. The company reported strong cash flow generation with $36 million after investing $76.6 million in development and growth projects. The quarter saw a record gold production of 39,552 ounces, contributing to a full year production of 140,949 ounces. Despite weather interruptions, the company maintained a solid cash position with $267.7 million at the end of the quarter. The 'DRIVE to 300' initiative was launched, aiming for significant growth via new processing plants and increased mineral resources. The report outlines projected production guidance for FY27 and ongoing exploration successes.
Key Points
  • Record gold production of 39,552 ounces in June 2026 quarter.
  • Strong cash flow of $36 million after $76.6 million investment in growth.
  • Launch of 'DRIVE to 300' initiative for future growth.
  • Available liquidity of $468 million including undrawn facilities.
  • FY27 guidance: 125,000 to 140,000 ounces production at AISC of $3,400/oz to $3,600/oz.
  • Significant increase in Group Ore Reserves and Mineral Resources.
  • Continued exploration success and strategic investments.
  • Appointment of John Richards as Non-Executive Chair-elect.
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.