St. Barbara Ltd. (AU:SBM) has released an update.
St. Barbara Ltd. has increased its annual gold production target for FY25 to FY27 to 70-75k ounces, up from the FY24 guidance of 60-70k ounces, thanks to a collaboration with Stratum AI. The artificial intelligence technology has identified additional Carbon in Leach treatable material, extending the mine’s productive life and allowing for stable gold production leading up to the transition to gold concentrate production from sulphide ores.
For further insights into AU:SBM stock, check out TipRanks’ Stock Analysis page.
