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The latest announcement is out from St. Barbara ( (AU:SBM) ).
St Barbara has secured approval from Nova Scotia’s Department of Environment and Climate Change to amend industrial permit conditions, clearing the way for a restart of ore processing at its Touquoy mine by the end of 2026. The move follows board approval of C$2.9 million in early commitments to fast-track refurbishment of the Touquoy processing facility, part of an estimated C$11.4 million initial capital outlay.
The Touquoy restart is expected to generate C$118 million in operating cash flow over 13 months, producing 38,000 ounces of gold from 3 million tonnes of stockpiles at a forecast all-in sustaining cost of US$1,598 per ounce. The project is projected to support 197 jobs and add C$151 million to Nova Scotia’s GDP, while the company welcomed a new federal-provincial ‘one project, one review’ agreement that could streamline future approvals and bolster confidence in the region’s resource sector.
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 Australian-listed gold mining company with operations and development projects in Nova Scotia, Canada. The company focuses on extracting and processing gold ore, leveraging existing infrastructure such as the Touquoy processing plant and planned hubs like the 15-Mile Processing Hub to optimise production from stockpiles and regional deposits.
YTD Price Performance: 25.00%
Average Trading Volume: 10,700,701
Technical Sentiment Signal: Buy
Current Market Cap: A$877.1M
Learn more about SBM stock on TipRanks’ Stock Analysis page.