Ora Banda Mining Ltd September 2026 Quarterly Activities Report
Key points
- Waihi Underground mine commenced and new processing plant construction on schedule
- Gold sold of 33,939 oz and produced 33,305 oz, AISC of A$4,214/oz
- Closing cash of $207.0 million, with $83.3 million in operating cash flows
Full summary
Ora Banda Mining Ltd (ASX:OBM) reported its activities for the September 2026 quarter, highlighting the acceleration of its 'DRIVE to 300' growth initiatives. Key highlights include the on-time start of construction at the new 3.0 Mtpa processing facility, the commencement of the high-grade Waihi Underground operation, and the advancement of multiple key capital projects at Davyhurst. Gold sold for the quarter was 33,939 oz and produced 33,305 oz, with all-in sustaining costs per ounce sold at A$4,214/oz. The company ended the quarter with closing ROM stockpiles of 94 Kt @ 1.9 g/t for 5.7 Koz and an additional 2.5 Koz of gold-in-circuit. The company's revolving credit facility was increased to $300 million, providing total liquidity of $507 million.
Summary generated by a large language model. Please interpret with care.