ASX:OBMMetals and Mining
Ora Banda Mining (ASX:OBM) Is Up 7.0% After Record Self-Funded Expansion Plan - Has The Bull Case Changed?
Ora Banda Mining reported a record March quarter at its Davyhurst gold project, with gold production rising 21% quarter-on-quarter to 38,766 ounces and gold sales reaching a record 38,637 ounces, strengthening cash flow and the balance sheet.
The company is using this improved internal cash generation to invest about A$63,000,000 in restarting open pit mining at Waihi and advancing a new processing plant study, signalling a shift toward self-funded growth initiatives.
We’ll now examine how...