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St. Barbara ( (AU:SBM) ) has shared an announcement.
St Barbara Limited has announced the withdrawal of its Supreme Court appeal regarding the Touquoy Reclamation Industrial Approval, following improvements in the permitting environment in Nova Scotia. The company is investigating the re-opening of the Touquoy Mine to process approximately 3.1 million tonnes of low and medium grade stockpiles, which could enhance reclamation outcomes and leverage current gold prices. The re-opening is contingent on an amendment to the Industrial Approval, which will be prepared in collaboration with the newly formed Large Industrial File Team (LIFT) within the Nova Scotia Department of Environment and Climate Change.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.75 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 operating in the mining industry, primarily focused on gold production. The company is engaged in exploring, developing, and operating gold mines, with a market focus on strategic mineral extraction.
YTD Price Performance: 73.33%
Average Trading Volume: 6,094,351
Technical Sentiment Signal: Buy
Current Market Cap: A$422.6M
Learn more about SBM stock on TipRanks’ Stock Analysis page.