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The latest update is out from St. Barbara ( (AU:SBM) ).
St Barbara has approved the final investment decision to restart operations at its Touquoy gold project in Nova Scotia, following regulatory approval of amended industrial permit conditions. The company has signed major contracts with local firms Alva Construction and MacGregor’s Industrial to provide support services for the reopening and processing phase.
The restart will focus on processing stockpiled ore at Touquoy, a move management describes as a significant step for its Nova Scotian presence and a signal of the province’s openness to resource investment. The project is expected to create nearly 200 jobs, contribute to provincial GDP, and is targeted to resume ore processing by the end of 2026, underscoring both economic and operational momentum for St Barbara and the local mining sector.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$1.80 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 Limited is an Australian gold mining company listed on the ASX, with operations and development projects in jurisdictions including Canada’s Nova Scotia. The company focuses on extracting and processing gold ore, positioning itself within the precious metals sector and leveraging regional partnerships to support its mining activities.
Average Trading Volume: 10,169,504
Technical Sentiment Signal: Buy
Current Market Cap: A$852.9M
For an in-depth examination of SBM stock, go to TipRanks’ Overview page.