Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from St. Barbara ( (AU:SBM) ).
St Barbara has completed a Pre-Feasibility Study for its 15-Mile Processing Hub Project in Nova Scotia, confirming a capital-efficient, long-life gold operation built around a central processing hub at 15-Mile fed by satellite open pits at Beaver Dam and Cochrane Hill. The study outlines average annual production of about 103,000 ounces over more than 11 years based solely on existing reserves, with forecast life-of-mine all-in sustaining costs of US$1,188 per ounce and initial capital of roughly C$283 million, supported by the reuse of Touquoy processing plant equipment. Project economics are described as outstanding, with strong post-tax NPV and IRR metrics under the gold price assumptions provided, and St Barbara plans to fund development largely from cash flows from the New Simberi Gold Project and the proposed Touquoy restart. The design incorporates substantial reductions in surface disturbance and avoidance of wetlands and watercourses compared with earlier concepts, reflecting feedback from regulators, First Nations and local communities, and the company notes that the work coincides with a more supportive permitting environment in Nova Scotia as it advances toward environmental and social impact assessments and a full feasibility study.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.65 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-listed gold mining company (ASX: SBM) with operations and development projects in jurisdictions including Canada. In Nova Scotia, Canada, the company is consolidating its most advanced gold projects into a regional hub model, leveraging existing processing infrastructure from the Touquoy plant to support satellite open-pit mines at Beaver Dam and Cochrane Hill, with a strategic focus on capital efficiency and environmentally responsible development.
Average Trading Volume: 8,518,119
Technical Sentiment Signal: Buy
Current Market Cap: A$671.4M
For a thorough assessment of SBM stock, go to TipRanks’ Stock Analysis page.