St Barbara maps fully funded gold growth to 191koz by FY30

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

St Barbara has outlined a long-term production and cost outlook that forecasts a sharp rise in attributable gold output from 48,000 ounces in FY27 to 191,000 ounces in FY30, implying a compound annual growth rate of 59%. The ramp-up is underpinned by the Touquoy Restart, expanding oxide then sulphide output from the New Simberi Gold Project, and first production from the 15-Mile Processing Hub, all based on existing proved and probable reserves.

The miner says it is fully funded to meet projected capital commitments of US$315 million across New Simberi, Touquoy and 15-Mile, drawing on more than A$500 million in cash and bullion and expected operating cash flow. Long mine lives at New Simberi and the Nova Scotia projects, combined with anticipated life-of-mine all-in sustaining costs of roughly US$1,188–US$1,336 per ounce, position St Barbara for meaningful scale growth and potentially stronger competitive standing among mid-tier ASX-listed gold producers.

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 Australia-based gold producer listed on the ASX, with core operations and growth projects in Papua New Guinea and Canada. The company’s portfolio centres on the New Simberi Gold Project in PNG, where it holds a 40% interest, and the 100%-owned Nova Scotia gold projects in Canada, including the Touquoy Restart and the planned 15-Mile Processing Hub.

YTD Price Performance: 22.41%

Average Trading Volume: 10,756,681

Technical Sentiment Signal: Buy

Current Market Cap: A$859M

For an in-depth examination of SBM stock, go to TipRanks’ Overview page.