Ora Banda Mining (AU:OBM) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Ora Banda Mining reported a record gold production of 24,327 ounces for the September quarter, marking the fifth consecutive quarter of growth. The company’s cash balance rose significantly to $48.7 million, partly due to the commissioning of its second high-grade mine. These developments form the cornerstone of Ora Banda’s strategy to increase gold output to 150,000 ounces by FY26.
For further insights into AU:OBM stock, check out TipRanks’ Stock Analysis page.