Australia's Ora Banda Mining drops on revised FY25 production guidance

Ora Banda Mining

06/06/2025 01:50

** Shares of Ora Banda Mining OBM.AX fall as much as 10.2% to A$1.150; last down 7.4%

** Stock posts its biggest intraday pct drop since May 13

** Gold miner sees FY25 production for Davyhurst Project at ~95 kilogram ounces (koz), down from the previously announced guidance in the range of 100 koz to 105 koz

** Attributes reduction to extended downtime from the processing plant

** Stock up 80.8% YTD, including current session's moves

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))