St. Barbara Accelerates Simberi Expansion with A$100 Million Placement

St. Barbara Ltd. ( (AU:SBM) ) has provided an update.

St. Barbara Ltd. announced the successful completion of a A$100 million institutional placement aimed at accelerating the Simberi Sulphides Expansion Project by up to five months. The company is advancing various development projects, including the procurement of critical infrastructure and the commencement of a feasibility study for the sulphide expansion. Despite a weaker-than-expected gold production in the last quarter, St. Barbara remains on track to meet its annual guidance. The company is also making significant progress in its Atlantic Project Development with an updated pre-feasibility study indicating an 11-year mine life for the consolidated projects.

More about St. Barbara Ltd.

St. Barbara Ltd. operates within the mining industry, focusing on gold production and development projects. The company is involved in mining operations on Simberi Island in Papua New Guinea and Nova Scotia, Canada, with a strategic focus on expanding its sulphide ore processing capabilities.

YTD Price Performance: 81.00%

Average Trading Volume: 14,619

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $165.5M

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