Ora Banda Mining Ltd (OBM)

Hi Ron,

Ora Banda Mining (OBM) is an Australian gold mining company. It explores and produces gold, mainly from its Davyhurst project near Kalgoorlie in Western Australia. This $2.25bn miner enjoyed over $400mn in revenue in FY25 which is set to increase close to $1bn by FY27 – depending on gold prices and operational execution. The miner delivered a mixed report in late January which saw the stock tumble ~14% on the day:

• They forecast AISC for the year of $A3250-3350 up from the previous $A2800-$A2900 – a 15% hike.
• Higher costs are a result of lower production – they now see gold production at the low end of its 140,000-155,000 guidance.

OBM has the potential to maintain or grow above ~150k oz/year if exploration and plant expansion succeed, with resource growth underpinning longer mine life and production rates. If these things come off, this will be a great stock, but there are a few variables at play here. The most recent update saw some downgrades amplified by a pullback in gold prices – the perfect 1-2 combination for OBM, however, management are solid,  and the resource is good.

• We think OBM is a high risk/high reward gold stock, that now looks very attractive ~$1.10.

chart

Ora Banda Mining Ltd (OBM)

LAST UPDATED 04/02/2026 13:46

Close

chart

Ora Banda Mining Ltd (OBM)

LAST UPDATED 04/02/2026 13:46