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St. Barbara Ltd. ( (AU:SBM) ) just unveiled an update.
St Barbara Limited’s subsidiary, Simberi Gold Company Pty Ltd, has lodged an objection against the Papua New Guinea Internal Revenue Commission’s tax assessments. The assessments involve additional taxes and penalties of significant amounts, which St Barbara disputes due to errors in the calculations and misapplication of tax legislation. The disagreement centers on allowable capital expenditure and deemed withholding tax. St Barbara is actively working with PNG authorities to resolve the issue, expressing concerns over the audit process and emphasizing their transparency in past disclosures.
More about St. Barbara Ltd.
St Barbara Limited is a company operating in the gold mining industry, primarily focusing on the exploration and production of gold. It operates through its wholly-owned subsidiary, Simberi Gold Company Pty Ltd, with a significant market focus on Papua New Guinea.
YTD Price Performance: 15.38%
Average Trading Volume: 12,510
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $168.6M
Learn more about SBM stock on TipRanks’ Stock Analysis page.
