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St. Barbara
(Sydney:SBM)
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
St. Barbara Business Overview & Revenue Model
St. Barbara Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.03M | 215.52M | 197.72M | 323.85M | 201.27M | 740.25M |
| Gross Profit | 23.54M | -12.87M | -17.92M | 58.39M | -70.81M | 153.94M |
| EBITDA | 18.94M | -38.69M | -26.08M | -477.91M | -90.01M | -62.80M |
| Net Income | -45.51M | -93.78M | -53.91M | -429.20M | -160.82M | -176.60M |
Balance Sheet | ||||||
| Total Assets | 631.64M | 580.26M | 568.63M | 917.91M | 1.60B | 1.64B |
| Cash, Cash Equivalents and Short-Term Investments | 74.78M | 67.44M | 145.87M | 293.94M | 98.51M | 133.37M |
| Total Debt | 2.88M | 5.32M | 7.53M | 12.88M | 171.64M | 109.25M |
| Total Liabilities | 197.04M | 206.22M | 219.34M | 524.46M | 489.67M | 522.09M |
| Stockholders Equity | 434.60M | 374.05M | 349.29M | 393.45M | 1.11B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -58.25M | -153.69M | -90.25M | -33.80M | -51.14M | 93.67M |
| Operating Cash Flow | -18.57M | -81.08M | -57.41M | 51.90M | 87.66M | 227.10M |
| Investing Cash Flow | -74.08M | -48.93M | -36.14M | 285.89M | -170.01M | -199.26M |
| Financing Cash Flow | 51.19M | 46.78M | -3.54M | -197.94M | 38.43M | -293.78M |
St. Barbara Technical Analysis
St. Barbara Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $2.10B | 13.08 | 9.92% | ― | 51.66% | 86.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$620.37M | -15.95 | -17.62% | ― | ― | -5.41% | |
54 Neutral | AU$700.09M | -22,278.86 | ― | ― | ― | ― | |
51 Neutral | AU$1.66B | -1.53 | -63.71% | ― | ― | 70.81% | |
46 Neutral | AU$695.63M | -704.50 | -15.01% | ― | -3.61% | -49.39% | |
43 Neutral | AU$471.34M | 6.25 | -3.45% | ― | ― | 16.67% |
St. Barbara Corporate Events
S&P Dow Jones Indices has announced its March 2026 quarterly rebalance of the S&P/ASX index suite, reshaping membership across the 20, 50, 100, 200 and 300 benchmarks ahead of trading on March 23. The changes reflect shifts in market capitalisation and liquidity and will influence portfolio weights for passive funds and mandate-tracking investors.
Northern Star Resources will join the blue-chip S&P/ASX 20, replacing Santos, while Light & Wonder and PLS Group enter the S&P/ASX 50 as Seek and Technology One exit. Gold-focused Greatland Resources, Regis Resources and Westgold Resources are added to the S&P/ASX 100, displacing Lendlease, Netwealth Group and Pinnacle Investment Management.
The S&P/ASX 200 sees Predictive Discovery, SRG Global and Vulcan Energy Resources promoted, with Catapult Sports, DigiCo Infrastructure REIT and EBOS Group removed. The S&P/ASX 300 is broadened with a wave of additions across medical technology, rare earths, metals, resources, lithium, retirement communities and financial services, highlighting increased index representation for emerging and mid-cap Australian names.
The most recent analyst rating on (AU:SBM) stock is a Sell with a A$0.79 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited reported that as of 31 December 2025, group gold Mineral Resources rose to 7.9 million ounces from 6.9 million ounces a year earlier, while gold Ore Reserves eased to 3.8 million ounces from 4.0 million ounces. The increase in resources was driven mainly by Simberi, where gold resources grew 17% to 5.8 million ounces on the back of updated feasibility work and revised economic assumptions, even as gold reserves there fell to 2.5 million ounces.
The company also published inaugural silver figures for Simberi, declaring 15.3 million ounces of contained silver in Mineral Resources and 4.5 million ounces in Ore Reserves. In the Atlantic operations, gold resources remained steady at 2.1 million ounces, with modest reserve reductions to 1.3 million ounces reflecting changes to mine design at Cochrane Hill to reduce surface disturbance and infrastructure impact, underscoring a balance between resource growth and more conservative development planning.
The most recent analyst rating on (AU:SBM) stock is a Sell 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.
St Barbara has reported a sharp turnaround in its half-year results to 31 December 2025, posting an underlying profit after tax of A$1.3 million versus a loss of A$48.1 million a year earlier and generating A$18 million in operating cash after sustaining capital. While a small statutory loss of A$0.2 million remains, the improved performance has been underpinned by a solid contribution from Simberi and increased growth and exploration spending of A$40.5 million.
The miner has moved to fully fund development of the New Simberi Gold Project and the 15-Mile Processing Hub through agreements with Lingbao Gold and PNG’s Kumul Minerals, which will inject a combined A$470 million in exchange for stakes in the Simberi expansion. Recent feasibility and pre-feasibility studies confirm attractive economics, with New Simberi targeting more than 200,000 ounces of gold annually over 13 years, and updated reserves and resources highlight substantial gold and newly reported silver inventories, reinforcing the company’s long-term production base and regional growth ambitions.
The most recent analyst rating on (AU:SBM) stock is a Sell 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.
St Barbara has significantly expanded and optimised its Nova Scotia tenement portfolio over FY25 and FY26, assembling 174 exploration licences and one mining lease covering nearly 70,000 hectares. Within a 75-kilometre radius of its planned 15-Mile Processing Hub, the company has defined 44 exploration targets along highly prospective anticlines, positioning the hub as the core of a regional production centre.
The miner has taken advantage of weak sector sentiment to acquire strategic ground at low cost, spending less than C$0.5 million while also relinquishing less prospective claims after systematic testing. Planned fieldwork for the 2026 season, including drilling, surface sampling and structural review using new geophysical data, aims to extend mine life beyond the 11 years currently envisaged at 15-Mile and secure long-term feed for its Atlantic operations.
The most recent analyst rating on (AU:SBM) stock is a Sell with a A$0.60 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara has secured an extension of Mining Lease ML 136 for its New Simberi Gold Project in Papua New Guinea until 2038, aligning the tenure with the project’s mine life based on current ore reserves. The extended lease satisfies a key condition precedent for the previously announced strategic investment by China’s Lingbao Gold Group and the acquisition of a 20% stake in the Simberi asset by state-owned Kumul Minerals, clearing a major hurdle towards a final investment decision targeted for the third quarter of FY26 to lift gold output above 200,000 ounces a year and reinforcing Simberi’s role in the region’s gold sector and local economic development.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.73 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara has outlined strong progress across its growth pipeline, with a completed Feasibility Study confirming the New Simberi Gold Project as a 13-year, long-life, low-cost operation expected to produce more than 200,000 ounces of gold per year and backed by an extended mining lease to 2038. In Nova Scotia, the company reported attractive study results for both the 15-Mile Processing Hub and the low-capital Touquoy Restart, while withdrawing local litigation as permitting conditions improve, and it bolstered its balance sheet through a A$58 million institutional placement and binding agreements to sell stakes in New Simberi to Lingbao Gold and PNG’s Kumul Minerals, transactions that are expected to fully fund its share of development costs and support a step-change in future production and cash flow despite currently modest output and higher all-in sustaining costs at Simberi.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.73 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has requested and been granted a trading halt on its securities on the ASX, effective 27 January 2026, while it prepares an announcement concerning the extension of the Simberi mining lease. The halt will remain in place until either normal trading resumes on 29 January 2026 or the company releases its update, signalling that a potentially material development related to one of its key mining assets is pending, with implications for future operations and investor sentiment once details are disclosed.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.73 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
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.
St Barbara Limited has announced the cessation of 571,797 performance rights (ASX code SBMAK) after the conditions attached to these rights were not met or became incapable of being satisfied as of 6 January 2026. The lapse of these conditional rights reduces the company’s potential future equity dilution and may reflect performance or milestone outcomes under its incentive plans, with limited immediate impact on existing shareholders but some implications for management and staff participation in equity-based remuneration.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara has received a A$32 million escrowed deposit from Lingbao Gold Group as part of a planned A$370 million subscription for a 50% stake in St Barbara Mining Pty Ltd, which will hold an 80% interest in the Simberi Gold Project after completion. The parties aim to finalise the strategic investment in conjunction with a Final Investment Decision on the Simberi Expansion Project in the third quarter of FY26, underscoring a major funding milestone that supports the project’s development and signals continued confidence in Simberi’s long-term growth potential.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.