Ora Banda Mining is expanding its Davyhurst gold operation in Western Australia with a new 3 million tonnes per annum processing plant alongside the existing one, increasing total capacity to 4.2 million tonnes per annum. The company produced a record 141,000 ounces of gold in 2026 and aims to reach about 300,000 ounces annually by 2029. Alongside this growth, Ora Banda improved safety metrics, increased workforce diversity, and enhanced environmental management through progressive land rehabilitation and new monitoring systems. Sustainability targets now form a larger part of executive incentives, reflecting the company's commitment to responsible growth as it invests heavily in infrastructure and exploration.
Ora Banda Mining's expansion plans coincide with a Basic Materials sector where 11 of 38 US stocks rose and 27 fell on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 25, 2026 06:51 WIB: Sibanye Stillwater Ltd (SBSW) traded at USD 10.32 with a 1-day change of -2.18% and a buy order activity of 87%, Gold Fields Limited (GFI) at USD 39.95 down 2.13% with 57% buy orders, and Newmont Corporation (NEM) at USD 120.94 down 2.11% with 97% buy orders. Typical hold times ranged from 48 to 57 days across these assets.
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