Record Quarterly Production and Cash Flows
Key points
- Record gold sold for the quarter totalled 31.3koz
- Gold production (including attributable equivalent production) of 30.6koz, up 39% on the prior quarter
- Record free cash flows of $38.5M
Full summary
Ora Banda Mining Ltd (ASX: OBM) has achieved record production for the September 2025 quarter, delivering 30,595oz (including 3,564oz of attributed ounces from third party milling). Record production, combined with full exposure to the rising gold price, increased closing cash by $38.5M to $122.7M for the quarter. The closing cash was net of $7.4M paid for Put Option premiums, including $2.3M for existing deferred premiums and $5.1M for new Put Options over 33,332oz for July to October 2026 at an average exercise price of A$5,013. Ounce production is forecast to improve quarter on quarter for the remainder of FY26 as Sand King continues to increase its production rate over the financial year. The cash build of $38.5M in the quarter shows the improving operational and financial performance of the Company, even as they continue to reinvest significantly into organic growth through the drill bit and infrastructure upgrades.
Guidance
Ounce production is forecast to improve quarter on quarter for the remainder of FY26 as Sand King continues to increase its production rate over the financial year.
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