Ora Banda Mining stock holds guidance as Davyhurst expansion advances

Ora Banda Mining is keeping its growth program on track after a difficult September quarter. In a report published by The West Australian on October 23, the company maintained its FY27 production guidance of 125,000 to 140,000 ounces and its all-in sustaining cost guidance of A$3,400 to A$3,600 per ounce.

Davyhurst expansion remains central

Ora Banda produced 33,305 ounces of gold in the September quarter. All-in sustaining costs rose to A$4,214 per ounce after a planned mill shutdown and wet weather, but management said those disruptions should be limited to the quarter.

Construction of a new 3 million-tonne-per-year processing plant at Davyhurst in Western Australia remains on schedule and within budget, with earthworks, footings and structural steel work under way. The company spent A$81.1 million on capital infrastructure during the quarter.

Waihi adds a second growth engine

Underground development at Waihi started ahead of schedule. The mine is about three kilometres from the Davyhurst plant and is expected to begin delivering higher-grade ore from early to mid-2027, ahead of the new plant commissioning planned for early 2028.

Ora Banda also reported a new Midnight prospect near the Waihi underground portal. Step-out drilling returned 11.5 metres at 26 grams of gold per tonne from 230 metres, adding exploration interest to the production expansion plan.

Producer targets a larger footprint

Ora Banda Mining is an Australian gold producer operating in Western Australias Eastern Goldfields. Its main development focus is the Davyhurst operation, which includes the Waihi underground and open-pit areas as well as Round Dam, Sand King and Riverina.

The company is positioning itself as an emerging Australian mid-tier gold producer rather than an established large-scale miner. Its relative position depends on delivering the planned expansion, improving unit costs and converting its growing mineral inventory into sustained production.

Australian equities remain the broader market setting for the company; see Current market reports.

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