Ora Banda Mining has advanced its Davyhurst Gold Project in Western Australia by starting underground development at Waihi ahead of schedule and progressing construction of a new 3 million tonnes per annum processing plant on time and within budget. The company produced over 33,000 ounces of gold in the quarter and maintained its full-year guidance despite weather and plant shutdown challenges. With strong cash flow and increased credit facilities, Ora Banda is funding growth projects including new underground mines and expanded exploration, aiming to boost production to 300,000 ounces annually by 2028.
Ora Banda Mining's progress at the Davyhurst Gold Project provides context for Basic Materials sector activity. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 23, 2026 05:31 WIB: Out of 83 priced US stocks, 19 rose and 63 fell. Notable movers include HYMC at USD 15.75 with a 1-day change of -8.06% and a typical hold time of 8 days, EXK at USD 7.64 down 8.00% with 94% sell order activity and a 26-day hold time, and CDE at USD 13.93 down 7.93% with 100% buy order activity and a 6-day hold time.
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