Ora Banda's 'DRIVE to 300' Strategy Advances with New Processing Plant Construction
Closing price · 2026-10-23: $1.11 · -16.54%
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.