St. Barbara Ltd. (AU:SBM) has released an update.
St Barbara Ltd. announces its 10-year outlook for the Simberi project, revealing plans to significantly boost gold production from 70-75 koz to 230 koz annually by FY34, with a reduction in All-in Sustaining Costs to US$1,000-US$1,200/oz. The company is set to invest an estimated US$213 million in expansion capital from FY26 to FY28, focusing on the 3.7 Mtpa Saleable Concentrate Flowsheet option, while downscaling investment in its Nova Scotia projects due to regulatory challenges. This strategic shift is expected to extend Simberi’s mine life and increase profitability into the mid-2030s.
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