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An update from St. Barbara ( (AU:SBM) ) is now available.
St Barbara Limited has announced that the Papua New Guinea Mining Advisory Committee has recommended extending the Simberi Mining Lease until 2038. This extension aligns with the company’s Simberi Expansion Project, which aims to increase gold production to over 200,000 ounces annually, enhancing St Barbara’s operational capacity and market position.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.49 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 the Simberi mine in Papua New Guinea and is involved in projects aimed at expanding its gold production capabilities.
YTD Price Performance: 57.78%
Average Trading Volume: 5,884,156
Technical Sentiment Signal: Buy
Current Market Cap: A$384.4M
For a thorough assessment of SBM stock, go to TipRanks’ Stock Analysis page.