Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Lithium
45.47
0.37%
Gold
2,666.80
0.5%
Copper
4.11
(1.01%)
Oil
69.61
0.83%
Bitcoin
97,595.91
3.44%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,863.27
0.75%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.02%
Hang Seng
19,601.11
(0.23%)
Ora Banda Mining (ASX: $OBM) achieves record gold production and sales
- Author: Stock Piper
Record-breaking gold production and sales
Ora Banda Mining (ASX:OBM) reported a record-breaking September 2024 quarter with significant achievements in gold production and sales. The company produced 24,327 ounces of gold, marking a 26% increase from the previous quarter, and sold 25,536 ounces, resulting in a 40% increase in sales. This performance enhanced the company's cash reserves to $48.7 million.
Strategic growth and future outlook
Ora Banda Mining Limited is on a strong growth trajectory as highlighted in the September 2024 Quarterly Activities Report. With record gold production and sales, the company is advancing its strategic goals, particularly through its DRIVE to 150 initiative aiming for 150,000 ounces of gold production by FY26. Key developments include commercial production at Riverina Underground and progress at Sand King Underground. Financially, the company saw a rise in cash reserves and reported an All-In Sustaining Cost (AISC) reduction. Looking forward, Ora Banda is focused on maximizing underground mining potential to further increase production and cash flow.
Executive commentary on strategic progress
It is pleasing to report another record quarter of gold production and sales. Our strategic focus on underground mining operations has proven to be successful as evident from the significant growth in production and sales figures. The commencement of commercial production at the Riverina Underground mine and the initiation of development at the Sand King Underground mine are pivotal to our DRIVE to 150 strategy. We are committed to achieving our production target of approximately 150,000 ounces by FY26.
ORA BANDA MINING LTD
OBM | ASX | Materials
0.750(+0%)
At close 20/11 (AEDT)
Market cap
$1.4B
Volume
7,350,651
DY Yield
PE Ratio
75
52 Week Range
0.1925 - 0.9625
1YR Return
N / A
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