Ora Banda Mining Reports Strong Cash Balance and FY26 Outlook

Strategic Insights -

Ora Banda Mining Ltd reported a significant increase in its cash balance to A$84.2 million during the June 2025 quarter, despite investing A$40.9 million in capital, resource development, and exploration. The company achieved gold sales of 20,220 ounces in the quarter, contributing to a full-year total of 91,687 ounces, a 36% increase from the previous year. The company's FY25 gold production, including attributed ounces, was 92,399 ounces, a 32% increase.

Key Takeaways:

  • Ora Banda Mining reported a cash balance of A$84.2 million in the June 2025 quarter, up from A$80.7 million in March.
  • The company achieved gold sales of 20,220 ounces in the quarter, with a full-year total of 91,687 ounces, a 36% increase from the previous year.
  • FY25 gold production, including attributed ounces, was 92,399 ounces, a 32% increase.
  • The company has guided FY26 gold production of 140,000-155,000 ounces, with a capital allocation of A$73 million for exploration and A$86 million for infrastructure upgrades.
  • Ora Banda invested A$12.7 million in exploration and resource development during the quarter, with notable drilling results at Riverina Deeps and Waihi.
  • The company reported a full-year AISC of A$2,693/oz, down 3% year-on-year, with quarterly AISC rising to A$3,583/oz due to lower production and added costs.
  • Ora Banda ended FY25 with a cash position of A$84.2 million, up from A$80.7 million in March, supported by strong revenue and operating performance.

Statistics:

  • A$84.2 million: Cash balance at June 2025 quarter
  • 20,220 ounces: Gold sales in the June 2025 quarter
  • 91,687 ounces: Full-year gold sales, a 36% increase from the previous year
  • 92,399 ounces: FY25 gold production, including attributed ounces, a 32% increase
  • A$73 million: Capital allocation for exploration in FY26
  • A$86 million: Capital allocation for infrastructure upgrades in FY26
  • A$4,362/oz: Average realised gold price in FY25
  • A$2,693/oz: Full-year AISC in FY25
  • A$3,583/oz: Quarterly AISC in the June 2025 quarter
  • A$124 million: Total investment in FY25
  • A$57.4 million: Increase in cash balance from March to June 2025 quarter

Sources:

  • Ora Banda Mining Ltd press release, June 2025
  • Ora Banda Mining Ltd FY25 results, June 2025
  • Ora Banda Mining Ltd FY26 guidance, June 2025
  • Luke Creagh, Managing Director, Ora Banda Mining Ltd, quoted in Ora Banda Mining Ltd press release, June 2025