Australia's Ora Banda Mining jumps on positive outlook

Ora Banda Mining

31/01/2023 02:22

** Shares of Ora Banda Mining Ltd  OBM.AX  jump as much as
9.6% to A$0.091, on track for best day since Dec. 21
    ** Gold miner says second half outlook of 31,000-35,000
ounces represents a ~30% increase in ounces produced vs first
half  urn:newsml:reuters.com:*:nASX5NWLCJ
    ** Says all-in sustaining cost forecast in H2 of
$2,100-$2,300/oz represents a ~25% AISC/oz reduction compared
with first half
    ** Stock down 1.2% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))