Ora Banda Mining's Gold Sales For December 2024 Quarter Fall 13% Quarter-On-Quarter, Shares Fall 3%

MT Newswires Live

01/16

Ora Banda Mining (ASX:OBM) reported total gold sold for the December 2024 quarter at 22,288 ounces, a decrease of 13% from the previous quarter, with an all-in sustaining cost of AU$2,536 per ounce, according to a Thursday Australian bourse filing.

It said the September 2024 quarter benefited from a higher gold-in-circuit inventory.

It reported gold production in the quarter of 22,973 ounces, down from the 24,327 ounces it produced in the previous quarter.

The firm's cash as of Dec. 31, 2024, totaled AU$57.8 million, representing an increase of AU$9.1 million in cash for the period.

The firm's shares fell 3% in recent trading on Thursday.

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