St. Barbara Advances Simberi Expansion and Atlantic Gold Separation

An announcement from St. Barbara ( (AU:SBM) ) is now available.

St. Barbara has announced significant developments in its Simberi Expansion Project, which is expected to increase annual gold production to over 200,000 ounces by FY28, with a 13-year life of mine plan. The company has received strong community support for the renewal of its mining lease and is progressing with various pre-expansion growth projects. Financially, St. Barbara reported a strong cash position with no bank debt, and it is addressing a tax assessment objection with the PNG Internal Revenue Commission. The company is also advancing the separation of its Atlantic Gold operations to maximize shareholder value.

More about St. Barbara

St. Barbara is a company involved in the mining industry, focusing on gold production. It operates development projects on Simberi Island in Papua New Guinea and in Nova Scotia, Canada. The company’s primary products include gold, and it is committed to expanding its operations through projects like the Simberi Expansion Project.

YTD Price Performance: 21.00%

Average Trading Volume: 9,108

Technical Sentiment Signal: Buy

Current Market Cap: $191.4M

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