St Barbara Updates FY25 Production and Cost Guidance Amid Rainfall Disruptions

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

St Barbara Limited has updated its production and cost guidance for FY25, expecting gold production for the fourth quarter to be between 14,000 and 15,000 ounces. This update follows high rainfall events that disrupted operations at the Pigibo Central pit, causing a temporary loss of access and shifting some production into July. Despite these challenges, the company does not anticipate significant impacts on its cash and bullion balances, as it plans to utilize excess gold-in-circuit balances. The company remains free of bank debt and hedging, and while alternative stockpile sources are being used, they are of lower quality, affecting gold recoveries.

The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.28 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 a company in the mining industry, primarily focused on gold production. It operates in various locations, including the Simberi mine, and is listed on the Australian Securities Exchange under the ticker SBM.

Average Trading Volume: 6,988,255

Technical Sentiment Signal: Buy

Current Market Cap: A$411.5M

Learn more about SBM stock on TipRanks’ Stock Analysis page.