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St. Barbara ( (AU:SBM) ) has shared an update.
St Barbara Limited has successfully completed an institutional placement, raising A$58 million from both new and existing Australian and international investors. The funds will be used for the expansion and conversion of Simberi’s mobile fleet, finalizing the Simberi Expansion Feasibility Study, advancing pre-expansion growth capital items, and completing the pre-feasibility study on the 15-Mile Processing Hub, which are expected to strengthen the company’s operational capabilities and market position.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
More about St. Barbara
St Barbara Limited is a company in the mining industry, primarily focused on gold production and exploration. It operates in Australia and internationally, with a market focus on expanding its mining capabilities and enhancing its operational efficiency.
YTD Price Performance: 166.67%
Average Trading Volume: 8,320,830
Technical Sentiment Signal: Buy
Current Market Cap: A$650.2M
For an in-depth examination of SBM stock, go to TipRanks’ Overview page.