St. Barbara Ltd. (AU:SBM) has released an update.
St Barbara Limited has announced a decrease in Q4 gold production to approximately 14,000 ounces, down from the anticipated 20,000 ounces, due to accessibility issues in the high-grade Sorowar ore zone caused by equipment availability problems. Consequently, the company has revised its full-year guidance for FY24 to 52,000-56,000 ounces at higher costs, while addressing supply chain constraints by expediting the acquisition of an additional excavator and implementing alternative diesel supply arrangements.
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