Australia's Ora Banda Mining rises to a month-high on strong quarterly gold production results

Ora Banda Mining

16/04/2026 03:56

** Shares of Australia's Ora Banda Mining OBM.AX rise as much as 12.6% to A$1.48, its highest level in a month

** Stock set for its third consecutive session of gains, if current trend holds

** Gold miner posts gold production of 38,766 oz for March, up from 23,150oz a year ago

** Logs gold sales of 38,637oz for March, up from 23,643oz last year

** However, sees All‑In Sustaining Costs (AISC)/oz sold increasing to A$3,250-A$3,350/oz in FY26, from A$2,800-A$2,900 /oz, in previous guidance

** Flags increased third-party production costs due to rising gold prices

** Despite moves, stock down 5.1% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))