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An announcement from Ora Banda Mining ( (AU:OBM) ) is now available.
Ora Banda Mining Ltd reported record gold production and cash flows for the September quarter, with gold production rising by 39% compared to the previous quarter. The company achieved a record free cash flow of $38.5 million, increasing its closing cash to $122.7 million, driven by the performance of its Sand King underground mine and improvements at the Davyhurst plant. The company’s financial and operational performance has shown significant improvement, positioning it strongly within the industry and indicating positive implications for stakeholders.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
More about Ora Banda Mining
Ora Banda Mining Ltd is a company in the mining industry, primarily focused on gold production. It operates in Western Australia and is involved in the exploration, development, and production of gold, with a market focus on increasing production rates and financial performance.
Average Trading Volume: 11,398,861
Technical Sentiment Signal: Buy
Current Market Cap: A$2.4B
Learn more about OBM stock on TipRanks’ Stock Analysis page.