St Barbara Confirms Enhanced Production and Extended Mine Life for Simberi Expansion

St. Barbara ( (AU:SBM) ) has issued an announcement.

St Barbara Limited has announced the completion of its Pre-Feasibility Study for the Simberi Expansion Project, which confirms a significant increase in gold production and an extended mine life. The project is expected to produce an average of 220,000 ounces of gold per year over eight years, with a total production of 2.2 million ounces from FY26 to FY38. The expansion involves upgrading the existing processing facilities to handle fresh sulphide ore, which will include the installation of a flotation circuit and additional infrastructure. The project aims to lower operating costs and deliver substantial value to shareholders, with a targeted Financial Investment Decision in the first half of FY 2026.

More about St. Barbara

St Barbara Limited is a company operating in the gold mining industry, primarily focusing on the extraction and production of gold. The company is engaged in mining operations and is involved in the expansion of its Simberi mining and processing operation to enhance its production capabilities.

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