Ora Banda Mining Starts Waihi Mine Development Ahead of Schedule in Growth Push

Key Facts

1Ora Banda Mining commenced underground development at the Waihi mine ahead of schedule.

2The company produced 33,305 ounces of gold in the September quarter with an AISC of A$4,214 per ounce.

Ora Banda Mining commenced underground development at the Waihi mine ahead of schedule, Proactive Investors reported. The company produced 33,305 ounces of gold during the quarter ending in September, with an all-in sustaining cost (AISC) of A$4,214 per ounce.

The acceleration is part of the DRIVE to 300 strategy to expand production capacity at the Davyhurst Gold Project in Western Australia. The company maintained its FY27 guidance despite operational challenges including wet weather and plant shutdowns, while construction of a new 3.0 million tonnes per annum processing plant remains on track.