Ora Banda Mining (AU:OBM) has released an update.
Ora Banda Mining reported a record gold output of 19,271oz for the June 2024 quarter, an 11% increase from the previous quarter, despite weather challenges. The company’s financial year 2024 production of 69,932oz aligns with its guidance and marks a significant boost from last year. Looking forward, Ora Banda has raised its FY25 production guidance to 100-110koz at a reduced cost, setting the stage for a strategic growth plan aimed at reaching approximately 150koz in gold production by FY26.
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