Australia's Ora Banda Mining hits over 16-year high after record qtrly gold sales

Ora Banda Mining

17/10/2024 01:01

** Shares of Ora Banda Mining  OBM.AX  rise as much as 7.1%
to A$0.718, their highest level since June 13, 2008
    ** Gold explorer posts biggest intraday jump since Sept 23
    ** Co posts record gold sales and production for qtr of
25,536 and 24,327 ounces, respectively
    ** Says all in sustaining costs for quarter were 21% lower
than prior qtr
    ** Stock up ~180% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))