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St Barbara lifts gold resources, unveils inaugural Simberi silver inventory

Story Highlights
  • St Barbara grew total gold Mineral Resources to 7.9 Moz, led by a 17% increase at Simberi from updated studies and assumptions.
  • The miner introduced inaugural Simberi silver estimates and slightly trimmed gold Ore Reserves, reflecting revised mine designs and planning.
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St Barbara lifts gold resources, unveils inaugural Simberi silver inventory

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St. Barbara ( (AU:SBM) ) just unveiled an update.

St Barbara Limited reported that as of 31 December 2025, group gold Mineral Resources rose to 7.9 million ounces from 6.9 million ounces a year earlier, while gold Ore Reserves eased to 3.8 million ounces from 4.0 million ounces. The increase in resources was driven mainly by Simberi, where gold resources grew 17% to 5.8 million ounces on the back of updated feasibility work and revised economic assumptions, even as gold reserves there fell to 2.5 million ounces.

The company also published inaugural silver figures for Simberi, declaring 15.3 million ounces of contained silver in Mineral Resources and 4.5 million ounces in Ore Reserves. In the Atlantic operations, gold resources remained steady at 2.1 million ounces, with modest reserve reductions to 1.3 million ounces reflecting changes to mine design at Cochrane Hill to reduce surface disturbance and infrastructure impact, underscoring a balance between resource growth and more conservative development planning.

The most recent analyst rating on (AU:SBM) stock is a Sell with a A$0.75 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 key operations at Simberi in Papua New Guinea and in the Atlantic region of Canada. The group focuses on exploring, developing and operating gold assets, and now also reports silver Mineral Resources and Ore Reserves from its Simberi operations, broadening its precious metals portfolio.

Average Trading Volume: 9,106,588

Technical Sentiment Signal: Buy

Current Market Cap: A$889.2M

For a thorough assessment of SBM stock, go to TipRanks’ Stock Analysis page.

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