Australia's Ora Banda Mining falls on lower quarterly production

Ora Banda Mining

11/07/2025 07:14

** Shares of Ora Banda Mining OBM.AX fall as much as 14.5% to A$0.620, lowest since January 7; last down 9.0%

** Gold miner posts qtrly gold production of 21.9 koz down from prior quarter's production of 23.2 koz

** Sales drop to 20.2 koz from 23.6 koz in the previous quarter

** Co says production impacted by slower-than-expected ramp up of Davyhurst project and Riverina mining delays

** Forecasts production of 140koz–155koz with an all in sustaining cost of A$2,800/oz–A$2,900/oz for FY26

** About 23.9 mln shares change hands, roughly double the 30-day average volume

 (Reporting by Ananya Verma in Bengaluru)

 ((Ananya.Verma@thomsonreuters.com))