St. Barbara Ltd. (AU:SBM) has released an update.
St Barbara Limited reported a challenging fiscal year 2024, with a statutory loss after tax of $54 million and an underlying loss of $38 million, despite a net asset position of $349 million. The company’s financial results reflect a strategic shift, including the divestment of the Leonora business and investment towards developing Simberi and Atlantic projects. Despite the losses, St Barbara ends the year with a strong financial foundation, reduced corporate costs, and the means to advance major growth projects.
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