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The latest update is out from St. Barbara ( (AU:SBM) ).
St Barbara has outlined strong progress across its growth pipeline, with a completed Feasibility Study confirming the New Simberi Gold Project as a 13-year, long-life, low-cost operation expected to produce more than 200,000 ounces of gold per year and backed by an extended mining lease to 2038. In Nova Scotia, the company reported attractive study results for both the 15-Mile Processing Hub and the low-capital Touquoy Restart, while withdrawing local litigation as permitting conditions improve, and it bolstered its balance sheet through a A$58 million institutional placement and binding agreements to sell stakes in New Simberi to Lingbao Gold and PNG’s Kumul Minerals, transactions that are expected to fully fund its share of development costs and support a step-change in future production and cash flow despite currently modest output and higher all-in sustaining costs at Simberi.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.73 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 is a gold mining and development company with key projects on Simberi Island in Papua New Guinea and in Nova Scotia, Canada. Its operations focus on developing long-life, low-cost gold assets, including the New Simberi Gold Project, the Touquoy Restart, and the 15-Mile Processing Hub, positioning the company as a producer targeting annual output in the 100,000–200,000 ounce range from multiple jurisdictions.
Average Trading Volume: 8,166,768
Technical Sentiment Signal: Buy
Current Market Cap: A$931.5M
See more data about SBM stock on TipRanks’ Stock Analysis page.