Ora Banda Mining Ltd June 2026 Quarterly Activities Report
Key points
- Record quarterly production of 40 Koz achieved
- Strong cash flow generation of $36 million
- Launch of 'DRIVE to 300' initiative with growth projects underway
- Substantial increases to Group Ore Reserves and Mineral Resources
- Appointment of John Richards as Non-Executive Chair-elect
Full summary
Ora Banda Mining Ltd (ASX: OBM) reported its June 2026 quarterly activities, highlighting record gold production of 40 Koz, strong cash flow generation of $36 million, and the launch of the 'DRIVE to 300' initiative. The company achieved its FY26 production guidance, with total production of 140.9 Koz. The company also reported significant increases in its Group Ore Reserves and Mineral Resources, up by 159% and 75% respectively. Additionally, the company announced the appointment of John Richards as Non-Executive Chair-elect and provided FY27 production guidance of 125-140 Koz.
Guidance
FY27 production guidance: 125,000 oz - 140,000 oz; AISC: A$3,400/oz - A$3,600/oz
Outlook
The company is embarking on the 'DRIVE to 300' initiative, targeting a doubling of production and a step-change down in unit costs by FY29.
Summary generated by a large language model. Please interpret with care.