Ora Banda Mining Ora Ltd (ASX:OBM) (FRA:M6N) became Australia’s newest gold producer after it recommissioned the Davyhurst Gold Processing Plant in WA, together with its associated site infrastructure, with the first gold poured on February 7, 2021.
It marked a major milestone for Ora Banda, transitioning the company from a developer to a gold producer.
The gold producer now has two operating mines – Riverina and Golden Eagle - with the third, Missouri, in development.
Its 1.2 million tonnes per annum nameplate process plant is operational and it is continuing to build ore stores.
Quarterly highlights
During the quarter, a total of 3,024 ounces of gold were sold at an average price of A$2,235 per ounce. At quarter-end the company had: