FINWIRES · TerminalLIVE
FINWIRES

Ora Banda Mining Delivers In-Line Production as Costs Rise, Says Euroz Hartleys

By

Ora Banda Mining's (ASX:OBM) quarterly production was broadly in line, although costs came in 10% higher than forecast, Euroz Hartleys said in a note on Thursday.

The investment firm trimmed its fiscal year 2027 production estimates by 2% to 134,500 ounces, bringing it closer to the midpoint of Ora Banda Mining's guidance range. It also increased all-in sustaining costs forecast by 16% to AU$3,508 per ounce.

Construction of the new 3 million tonnes per annum Davyhurst processing plant is progressing and is seen to bolster the combined processing capacity to 4.2 million tonnes per annum. The project also provides a window to improve earnings and cash flow by increasing production to more than 300,000 ounces per year from fiscal year 2029.

Euroz Hartleys maintained a buy rating on Ora Banda Mining and cut its price target to AU$2.00 from AU$2.05.

Related Articles

Asia

Coles Group Appeals ACCC's Rejection of Kalgoorlie Site Acquisition

Coles Group (ASX:COL) lodged an appeal against the Australian Competition and Consumer Commission's (ACCC) decision to block its proposed purchase of a supermarket and liquor site in Kalgoorlie, Western Australia, according to a Wednesday filing with the Australian Competition Tribunal.Following a phase two review, the ACCC said the acquisition might materially harm competition in the retail groceries space and likely lead to the exit of an independent full-line competitor from Kalgoorlie.In its appeal, Coles said the regulator's decision was not "objectively correct or preferable."The company's shares were down nearly 1% in recent Thursday trade.

ASX:COL
Asia

Unisplendour to Dilute Stake in Computer Unit to 29.4%; Shares Up 9%

Semiconductor company Unisplendour (SHE:000938) said it will dilute its stake in subsidiary Unisplendour Computer Technology amid a 440-million-yuan capital increase.Unisplendour will waive its pre-emptive subscription rights, reducing its stake to 29.42% from 51%, with the subsidiary exiting consolidation, according to a Thursday filing with the Shenzhen bourse.One of the five investors of the capital increase, Haichen Huicai, will acquire a 12% stake in Unisplendour Computer Technology from five existing shareholders before the implementation of the capital increase.Shares of Unisplendour jumped 9% in recent trade.

SHE:000938
Asia

WW Holdings Unit Injects $2 Million Into Cambodian Stepdown Subsidiary

WW Holdings' (TPE:8442) subsidiary, Global Worth Investment, will increase the capital of its unit, TWT Leather (Cambodia), by $2 million, bringing its total investment to $5 million, according to a Wednesday Taiwan bourse filing.The investment will be made in phases and funded through the company's funds and financial institutions.The capital increase is aimed at strengthening the unit's operating scale and expanding its production base.

TPE:8442