Ora Banda Mining Achieves Record Financial Performance in H1 FY25

Ora Banda Mining ( (AU:OBM) ) has provided an update.

Ora Banda Mining Limited reported significant financial and operational achievements for the half-year ending December 2024. The company saw record revenues of $186.4 million, a 254% increase in EBITDA to $84.2 million, and a 371% rise in NPAT to $50.8 million. The Riverina Underground mine achieved capital payback within 18 months, and the Sand King Underground mine commenced operations, contributing to a 54% increase in gold production. The company’s improved performance is attributed to increased gold sales, higher realized gold prices, and effective cost management, positioning it strongly in the gold mining sector.

More about Ora Banda Mining

Ora Banda Mining Limited is a company in the mining industry, primarily focused on gold production. It operates underground mines such as Riverina and Sand King, with a market focus on increasing gold output and optimizing operational efficiency.

YTD Price Performance: 41.54%

Average Trading Volume: 5,078,378

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$1.73B

For detailed information about OBM stock, go to TipRanks’ Stock Analysis page.