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St. Barbara Advances Simberi Expansion Amid Strong Financial Performance

Story Highlights
  • St. Barbara progresses Simberi Expansion Project with feasibility study on track.
  • Company reports improved gold production and strong financial position despite challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
St. Barbara Advances Simberi Expansion Amid Strong Financial Performance

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The latest update is out from St. Barbara ( (AU:SBM) ).

St. Barbara has made significant progress on its Simberi Expansion Project, with the feasibility study on track for completion in Q2 FY26. The company is also working towards the renewal of its Simberi Mining Lease and has invested A$50 million in growth capital for FY25. Despite weather-related challenges, the company’s operating performance improved, with increased gold production and reduced injury rates. Financially, St. Barbara holds a strong position with A$186 million in cash, bullion, and investments, and no bank debt. The company is also addressing tax assessment issues with the PNG Internal Revenue Commission, which impacts funding arrangements for the expansion project.

The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.

More about St. Barbara

St. Barbara is a company involved in the mining industry, focusing on gold production and development projects. It operates in locations such as Simberi Island in Papua New Guinea and Nova Scotia, Canada. The company is engaged in expanding its operations through projects like the Simberi Expansion Project, which aims to exploit substantial ore reserves over a 13-year life of mine plan.

Average Trading Volume: 6,012,776

Technical Sentiment Signal: Buy

Current Market Cap: A$319.4M

See more insights into SBM stock on TipRanks’ Stock Analysis page.

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