St. Barbara Ltd. ( (AU:SBM) ) has issued an announcement.
St. Barbara Ltd. announced a successful public hearing for the early renewal of the Simberi Mining Lease, with strong community support for the proposal and the enhanced royalty benefits package for the sulphide expansion phase. This renewal is crucial for unlocking the 2.7Moz Sulphide Ore Reserve at Simberi and aims to increase gold production to over 200,000 ounces annually, reflecting the company’s strategic growth in the gold mining sector.
More about St. Barbara Ltd.
St. Barbara Ltd. is a company operating in the mining industry, primarily focused on gold production. The company is known for its operations in Papua New Guinea, where it manages the Simberi Gold Company Limited, a wholly owned subsidiary. St. Barbara is actively involved in expanding its operations through the renewal and enhancement of mining leases and royalty arrangements.
YTD Price Performance: 21.00%
Average Trading Volume: 8,443
Technical Sentiment Signal: Strong Buy
Current Market Cap: $136M
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