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ASX:OBM

25 stories mentioning ASX:OBMUpdated 13d ago

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.EQ Resources (ASX:EQR): -10%, AU$0.22Mesoblast (ASX:MSB): -10%, AU$2.50Orezone Gold (ASX:ORE): -8%, AU$2.07Ora Banda Mining (ASX:OBM): -8%, AU$0.99Regis Resources (ASX:RRL): -8%, AU$5.69Sunrise Energy Metals (ASX:SRL): -7%, AU$15.744DMedical (ASX:4DX): -7%, AU$3.49Weebit Nano (ASX:WBT): -7%, AU$6.04Elsight (ASX:ELS): -7%, AU$6.74Metals X (ASX:MLX): -7%, AU$1.35

ASX 200ASX:4DXASX:ELSASX:EQRASX:MLXASX:MSBASX:OBMASX:OREASX:RRLASX:SRLASX:WBT
Asia

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

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.

ASX:OBM
Asia

Update: Ora Banda Mining Reports Record Quarterly Gold Output, Meets Fiscal 2026 Production Guidance

(Updates to add stock movement in the sixth paragraph)Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal 2026 production to 140,949 ounces, in line with guidance, according to a Thursday filing with the Australian bourse.The company reported fiscal 2026 gold sold of about 140,600 ounces at an all-in sustaining cost of AU$3,496 per ounce.Ora Banda Mining ended the June quarter with a closing stockpile of 90,200 tonnes at a 2.7 grams per tonne grade for 7,800 ounces, and an additional 3,000 ounces of gold-in-circuit, per the filing.Operating cash flow for the June quarter was AU$121 million, with AU$468 million in available liquidity as of June 30.For fiscal 2027, the company guided for production of 125,000 to 140,000 ounces at an all-in sustaining cost of AU$3,400 to AU$3,600 per ounce of gold sold. It also expects fiscal 2027 growth capital expenditure of AU$425 million.The company's shares fell past 2% in recent Thursday trade.

ASX:OBM
Asia

ASX Preview: Australian Shares to Rise as Oil Gains on Middle East Tensions; BHP Group Meets Fiscal 2026 Production Guidance

Australian shares are poised to rise on Thursday, tracking gains in global markets, as oil prices edged higher after fresh US strikes on Iranian military targets heightened concerns about supply risks in the Middle East.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.4%, 0.6%, and 0.3%, respectively.In the macroeconomy, Australian property vendors are increasingly opting for private treaty sales over auctions as weaker buyer demand, falling clearance rates, and rising auction withdrawals reshape the housing market, Cotality said in a Thursday report.The consumer inflation expectations report is due at 11:00 am Sydney time.In corporate news, BHP Group (ASX:BHP) reported fiscal year 2026 copper production of 1.95 million tonnes, down 3% from fiscal year 2025 but within its guidance range of 1.9 million tonnes to 2 million tonnes.Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal year 2026 production to 140,949 ounces, in line with guidance.Australia's benchmark index rose 0.4% or 32.6 points to close at 8,841.10 on Wednesday.

ASX 200ASX:BHPASX:OBM
Asia

Ora Banda Mining Reports Record Quarterly Gold Output, Meets Fiscal 2026 Production Guidance

Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal 2026 production to 140,949 ounces, in line with guidance, according to a Thursday filing with the Australian bourse.The company reported fiscal 2026 gold sold of about 140,600 ounces at an all-in sustaining cost of AU$3,496 per ounce.Ora Banda Mining ended the June quarter with a closing stockpile of 90,200 tonnes at a 2.7 grams per tonne grade for 7,800 ounces, and an additional 3,000 ounces of gold-in-circuit, per the filing.Operating cash flow for the June quarter was AU$121 million, with AU$468 million in available liquidity as of June 30.For fiscal 2027, the company guided for production of 125,000 to 140,000 ounces at an all-in sustaining cost of AU$3,400 to AU$3,600 per ounce of gold sold. It also expects fiscal 2027 growth capital expenditure of AU$425 million.

ASX:OBM
Asia

Ora Banda Mining Emerges as 'Compelling, Self-Funded Growth Story' After Delivering Significant Resource Growth, Euroz Hartleys Says

Ora Banda Mining (ASX:OBM) is emerging as a "compelling, self-funded growth story" after delivering a 75% increase in the mineral resource estimate for its Davyhurst gold project in Western Australia, Euroz Hartleys said in a Tuesday note.The total mineral resource estimate now stands at 56.5 million tonnes at 2 grams per tonne grade of gold for about 3.7 million ounces, the equity research firm said.Ora Banda is also committed to an additional 340,000 meters of drilling in fiscal year 2027, focused on the key project areas of Round Dam, Sand King, and Little Gem.Reserve and resource growth has been an important driver of the company's growth strategy, providing a clear pathway to production growth of over 300,000 ounces annually from fiscal year 2029 for "a step-change in earnings and cash flow generation," the investment firm said.It maintained a buy recommendation on Ora Banda Mining with a price target of AU$2.05 per share.The company's shares were 5% lower in recent Tuesday trade.

ASX:OBM
Asia

Ora Banda Mining Reports 75% Rise in Mineral Resource Estimate for Western Australia Gold Project

Ora Banda Mining (ASX:OBM) said the mineral resource estimate for its Davyhurst Gold Project in Western Australia grew 75%, according to a Tuesday Australian bourse filing.Total mineral resource estimate stood at 56.5 million tonnes at 2 grams per tonne (g/t) for 3.7 million ounces, up by 1.6 million ounces as of July 1, 2025, marking a significant strengthening of the Davyhurst inventory base, the company said.The total mineral resource estimate includes a 964% increase in the Round Dam Open Pit mineral resource and a 114% increase in the Waihi Open Pit and Underground mineral resource, it added.The total ore reserve estimate increased 159% to 8.4 million tonnes at 2.3 g/t for 610,000 ounces, net of mining depletion of 80,000 ounces to April 1, per the filing.The company's shares were down nearly 2% in recent Tuesday trade.

ASX:OBM
Asia

Pantoro Could Become Takeover Target as it Works to Regain Market Trust, Euroz Hartleys Says; Shares Gain 6%

Pantoro (ASX:PNR) is expected to be susceptible to a potential takeover as the company attempts to regain market trust over the next six to 12 months after its June quarter production missed expectations, Euroz Hartleys said in a Friday note.The quarterly gold production of 18,028 ounces trailed the investment firm's estimate of 24,000 ounces and brought fiscal year 2026 production to 77,408 ounces. The full-year result missed the company's downgraded guidance of 86,000 to 96,000 ounces."We doubt the market will believe that this is the final reset for [Pantoro] until numerous quarters of guidance is achieved," the equity research firm said.It flagged Ora Banda Mining (ASX:OBM), Bellevue Gold (ASX:BGL), Catalyst Metals (ASX:CYL), Gold Fields, Regis Resources (ASX:RRL), and Capricorn Metals (ASX:CMM) as parties that could be interested in Pantoro, noting that some of those potential bidders are trading at large premiums to Pantoro's roughly AU$800 million market cap.Euroz Hartleys lowered its fiscal year 2027 production forecast for Pantoro to 93,000 ounces at an all-in sustaining cost of AU$3,102 per ounce from a previous estimate of 103,000 ounces at AU$2,850 per ounce.It maintained a speculative buy recommendation on Pantoro while reducing the target price to AU$3.53 per share from AU$6.52.The company's shares advanced 6% in recent Friday trade as the broader materials sector also gained.

ASX:BGLASX:CMMASX:CYLASX:OBMASX:PNRASX:RRL
Asia

Ora Banda Mining, Resolute Mining Shares Plunge as Gold Falls for Second Day

Shares of Ora Banda Mining (ASX:OBM) fell 6% in recent trading on Wednesday, while those of Resolute Mining (ASX:RSG) fell 4% after gold declined for a second day.Spot gold fell over 1% to under $4,070 per ounce as investors reacted to the recent hawkish tone from the US Federal Reserve.Newmont's (ASX:NEM) shares fell 2%.

ASX:OBMASX:RSG
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Wednesday.Predictive Discovery (ASX:PDI): -8%, AU$0.86Beach Energy (ASX:BPT): -7%, AU$0.87Orezone Gold (ASX:ORE): -6%, AU$2.28Ora Banda Mining (ASX:OBM): -5%, AU$1.17Alkane Resources (ASX:ALK): -5%, AU$1.52Arafura Rare Earths (ASX:ARU): -5%, AU$0.25Resolute Mining (ASX:RSG): -5%, AU$1.03Genesis Minerals (ASX:GMD): -4%, AU$5.57Catalyst Metals (ASX:CYL): -4%, AU$5.48Capricorn Metals (ASX:CMM): -4%, AU$12.76

ASX 200ASX:ALKASX:ARUASX:BPTASX:CMMASX:CYLASX:GMDASX:OBMASX:OREASX:PDIASX:RSG
Asia

Gold Miners' Shares Fall as Gold Weakens on US Fed Policy Outlook

Shares of Northern Star Resources (ASX:NST) and Ora Banda Mining (ASX:OBM) fell around 2% and 5%, respectively, in Thursday trade, tracking weakness in gold prices after the US Federal Reserve held rates steady but signaled the possibility of further tightening later this year.Spot gold fell 0.7% to $4,299.89 an ounce.

ASX:NSTASX:OBM
Asia

Australian Shares Rally; Vault Minerals on Track to Deliver Fiscal Year 2026 Gold Production Guidance

Australian shares continued their rally on Monday after the US and Iran said they had reached a deal to reopen the critical Strait of Hormuz.The S&P/ASX 200 Index jumped 1.25%, or 110 points, to close at 8,914.US President Donald Trump said that the US and Iran would sign the agreement on Friday, and the Strait of Hormuz would open. Brent crude oil fell over 4% to around $83 per barrel.On the domestic front, capital city housing prices in Australia are forecast to fall 2.1% this year and 3.3% in 2027, ANZ Research said. The bank had previously forecast 2.8% growth in 2026 and 2.1% in 2027. It attributed the reduction in forecasts to a combination of global uncertainty, three consecutive cash rate hikes, and recent housing policy changes, which have led to a sharper-than-expected slowdown in the housing market.In company news, Vault Minerals (ASX:VAU) is on track to deliver fiscal year 2026 gold production guidance of 332,000 to 360,000 ounces after achieving production of 306,542 ounces in the fiscal year to date through May.Woodside Energy Group (ASX:WDS) confirmed in a bourse filing that it is not engaged in talks on a potential transaction with Exxon Mobil after media reports said it was among several potential acquisition targets being evaluated by the US energy giant.Ora Banda Mining (ASX:OBM) entered into a AU$233 million engineering, procurement, and construction contract with GR Engineering Services (ASX:GNG) to deliver a 3 million tonnes per annum processing plant at Ora Banda Mining's Davyhurst Mill Expansion Project in Western Australia.

ASX 200ASX:GNGASX:OBMASX:VAUASX:WDS
Asia

Ora Banda Mining Enters AU$233 Million EPC Contract With GR Engineering for Western Australia Project; Shares Up 9%

Ora Banda Mining (ASX:OBM) entered into a AU$233 million engineering, procurement, and construction (EPC) contract with GR Engineering Services (ASX:GNG) to deliver a 3 million tonnes per annum processing plant at Ora Banda Mining's Davyhurst Mill Expansion Project in Western Australia, according to a Monday Australian bourse filing.The project began with earthworks in late May and is now advancing into the construction and delivery phase of the expanded processing facility, the filing added.Ora Banda Mining's shares rose past 9% in recent Monday trade, while GR Engineering Services gained 2%.

ASX:GNGASX:OBM
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Electro Optic Systems (ASX:EOS): +15%, AU$11Elsight (ASX:ELS): +13%, AU$7.184DMedical (ASX:4DX): +12%, AU$3.74Judocapitol FP (ASX:JDO): +11%, AU$1.54Flight Centre Travel Group (ASX:FLT): +8%, AU$10.96West African Resources (ASX:WAF): +8%, AU$3.19Lindian Resources (ASX:LIN): +8%, AU$0.83Ora Banda Mining (ASX:OBM): +7%, AU$1.36Vulcan Energy Resources (ASX:VUL): +7%, AU$3.89Westgold Resources (ASX:WGX): +6%, AU$5.18

ASX 200ASX:4DXASX:ELSASX:EOSASX:FLTASX:JDOASX:LINASX:OBMASX:VULASX:WAFASX:WGX
Asia

Ora Banda Mining's Plan to Double Production Bolsters Medium-Term Outlook, Says Euroz Hartleys

Ora Banda Mining's (ASX:OBM) plan to double its production profile over the next 3 years strengthens its medium-term outlook and operational leverage to gold prices, Euroz Hartleys said in a note on Monday.The gold producer's board has approved construction of a new 3.0 million tonnes per annum processing plant at Davyhurst for AU$375 million with commissioning aimed for the third quarter of fiscal 2028.Combined milling capacity is projected to rise to 4.2 million tonnes per annum by fiscal 2029. The new plan is also expected to reduce unit costs via increased scale, elimination of third-party milling reliance and improved operational flexibility, the investment firm said.The company has also secured approval for development of Waihi underground mine as its third underground operation for AU$90 million.Euroz Hartleys views this as strategically important, with development focused on the high-grade Golden Pole lode recently identified through drilling.The brokerage maintained its buy rating and price target of AU$1.92.

ASX:OBM
Asia

GR Engineering Services Named Preferred Contractor by Ora Banda Mining for Western Australia Expansion Project

GR Engineering Services (ASX:GNG) was appointed as the preferred contractor by Ora Banda Mining (ASX:OBM) for the engineering, procurement, and construction works for a 3-million-tonnes-per-annum process plant as part of the Davyhurst expansion project in Western Australia, according to a Monday Australian bourse filing.The estimated contract value is AU$233 million, and an early works agreement has been executed, the filing said.The company's shares were down nearly 1% in recent Monday trade, while Ora Banda Mining's shares were up about 2%.

ASX:GNGASX:OBM
Asia

Ora Banda Mining Reports Resource Increase at Western Australia Projects

Ora Banda Mining (ASX:OBM) declared an updated mineral resource estimate for its Waihi deposit and Round Dam trend in Western Australia, representing an increase of 1.5 million ounces from July 1, 2025, according to a Monday Australian bourse filing.The company said the total mineral resource estimate stands at 54.8 million tonnes at 2 grams per tonne gold for 3.6 million ounces, with the Round Dam open pit resource increasing 964% to 1.3 million ounces and the Waihi open pit and underground resource increasing 114% to 482,000 ounces.The total ore reserve estimate increased 136% to 7.8 million tonnes at 2.2 grams per tonne gold for 555,000 ounces, with cut-off grades based on gold price assumptions of AU$2,500 per ounce for the Waihi underground ore reserve and AU$3,600 per ounce for Round Dam high-grade material, the company said.Recent drilling at Round Dam is pending assay results and has not been included in the current estimates, with results expected to be incorporated in the annual resources and reserves update for Round Dam, Riverina, and Sand King scheduled for the fourth quarter of fiscal 2026, it added.

ASX:OBM
Asia

Ora Banda Mining Approves Construction of Western Australia Processing Plant, Underground Mine

Ora Banda Mining (ASX:OBM) approved the construction of a standalone processing plant at Davyhurst for AU$375 million and the Waihi underground mine for a capital cost of AU$90 million as part of its DRIVE to 300 aspiration, according to a Monday filing with the Australian bourse.Works planned for the processing plant are slated for fiscal year 2027, with commissioning scheduled for the third quarter of fiscal year 2028, while the underground portal will be established in the second quarter of fiscal year 2027 for steady state production to be reached by the first quarter of fiscal year 2028, the filing said.The company expects to fund its next phase of growth through existing cash and anticipated future cash generation, boosted by a starting cash position of AU$232 million and available debt facilities as of March 31, per the filing.

ASX:OBM
Asia

Ora Banda Mining's Execution of Exploration Program Creates Strong Foundation for Self‐Funded Growth, Euroz Hartleys Says

Ora Banda Mining's (ASX:OBM) execution of its ambitious fiscal year 2026 exploration program established a solid foundation for self‐funded growth, Euroz Hartleys said in a May 5 note.The exploration program was underpinned by a budget of AU$73 million and roughly 330 kilometers of drilling, an investment that has already yielded a 57% boost in group resources to 3.3 million ounces with more near-term growth on the horizon, the equity research firm said.The company's Waihi gold prospect in Western Australia "is advancing rapidly from a small open pit to portal position for the next underground mine," Euroz Hartleys said.It added that the Riverina and Sand King underground mines are running at steady‐state and appear to be supporting long mine lives, with Sand King continuing to benefit from dual declines and a recent 25% uplift in mined ounces.Euroz Hartleys maintained a buy rating on Ora Banda and raised its price target to AU$1.92 per share from AU$1.88, saying the company "remains a compelling growth story leveraged to exploration success."

ASX:OBM
Asia

Ora Banda Mining Appoints Chair-elect

Ora Banda Mining (ASX:OBM) has appointed John Richards as chair-elect, with plans for him to assume the role following the retirement of current Chair Peter Mansell at the company's annual general meeting in November, according to a Tuesday filing with the Australian bourse.Richards is currently non-executive chair of Sandfire Resources (ASX:SFR) and lead independent non-executive director of Sheffield Resources (ASX:SFX), the filing added.

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