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Highlights
- Ora Banda targets 35% gold production growth in FY25
- Mill delays prompt 5% cut in production guidance
- Stockpiles and mining output remain strong despite plant downtime
Ora Banda Mining Ltd (ASX:OBM) has released an updated production outlook for the 2025 financial year, revising its forecast slightly downward but still signalling significant year-on-year growth. The company now expects to produce approximately 95,000 ounces of gold in FY25—5% lower than its prior forecast's bottom range, but still 35% higher than the 70,000 ounces produced in FY24.
This production upgrade highlights Ora Banda’s continued strength in mining performance, even as the company encountered temporary processing setbacks. Key delays stemmed from lifter and liner upgrades at its primary mill, which slowed throughput and affected overall output during the current quarter.
In April and May combined, gold production reached 12,100 ounces. With June production projected at up to 12,500 ounces, the company anticipates total June quarter output to be around 24,500 ounces. These figures reflect the impact of processing plant downtime, though commissioning is now complete, and throughput of 3,700–4,000 tonnes per day has been achieved.
While operations at the plant faced hurdles, mining activities at the Riverina and Sand King pits continue to perform robustly. June is expected to yield 8,500 ounces from Riverina and 6,000 ounces from Sand King, contributing 14,500 ounces to the quarter. In addition, the company has built substantial ore stockpiles: as of May’s end, medium-grade ore stockpiles stood at 83,000 tonnes at 2.8g/t, while low-grade stockpiles reached 114,000 tonnes at 1.2g/t.
The updated all-in sustaining costs (AISC) for FY25 are now forecasted at approximately A$2,600 per ounce, which is about 4% above the previous top-end estimate. However, with operations stabilising and stockpiles in place, Ora Banda remains poised for a strong year ahead.
For those tracking the broader market, updates like these from mid-tier resource companies play a role in shaping performance trends on key indices like the ASX200. Additionally, with rising investor attention on income-generating equities, the evolving mining sector outlook can influence strategies around ASX dividend stocks, particularly where stable production and cost control are in focus.
