Ora Banda's 'DRIVE to 300' Strategy Advances with New Processing Plant Construction
Ora Banda Mining Ltd reported significant progress in its 'DRIVE to 300' strategy during the September 2026 quarter, with the construction of a new processing plant and the commencement of mining at the Waihi Underground operation. Despite weather-related challenges impacting production, the company maintained its FY27 guidance and ended the quarter with substantial liquidity, bolstered by an increased revolving credit facility. Safety performance improved, with a notable reduction in incident rates, as the company continued to focus on growth and sustainability initiatives.
Closing price · 2026-10-23: $1.11 · -16.54%