Ora Banda Mining Shares Tumble 15% as Gold Hits Two-Month Low and Sell-Off Sweeps Australian Gold Producers

Ora Banda keeps gold targets intact as WA growth accelerates

Ora Banda Mining maintained full-year guidance and boosted liquidity to A$507m in the September quarter as it accelerated key projects in the company’s ‘DRIVE to 300’ gold growth strategy at Davyhurst in WA.

Wet weather, milling delays raise costs for Ora Banda Mining

All-in sustaining costs that rose nine per cent to $4214 per ounce in the September quarter were the result of lower ounces produced because of wet weather and milling delays, Ora Banda Mining says.

Ora Banda Mining Shares Tumble 15% as Gold Hits Two-Month Low and Sell-Off Sweeps Australian Gold Producers

Ora Banda Mining shares fell 14.7% after gold prices dropped to a two-month low, weighing on Australian gold miners and raising concerns about interest rates and margins.

Ora Banda advances 300,000oz growth ambition

Early underground development and plant works advance Ora Banda’s ambition for greater gold output.