Ora Banda's Strong Cash Generation Underpins Ongoing Growth Initiatives, Euroz Hartleys Says

MT Newswires Live

Apr 17

Ora Banda Mining's (ASX:OBM) strong cash generation is underpinning ongoing growth initiatives, Euroz Hartleys said in a note on Thursday.

The firm modestly exceeded the analysts' production forecast for the quarter, with free cash flow around 38% above their prior estimate.

Its gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. The company said free cash flows of AU$76.3 million lifted closing cash to AU$231.7 million from AU$155.4 million at December 2025.

The investment firm maintained its buy recommendation on Ora Banda and raised the price target to AU$1.88 per share, from AU$1.85 per share.

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