St. Barbara Ltd. (AU:SBM) has released an update.
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St. Barbara Ltd. has reported considerable growth in its Simberi operations with a 40% increase in Ore Reserves, projecting annual gold production to exceed 200,000 ounces from FY28 to FY34 at reduced costs. Despite logistical challenges, the company achieved record mining and processing in Q4 and anticipates further production increases in FY25. With a strong financial standing and significant planned capital investments, St. Barbara is focusing on expanding its Simberi mine with a comprehensive 10-year plan.
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