St. Barbara Ltd. (AU:SBM) has released an update.
St. Barbara Ltd. reports a strong third quarter with a 33% increase in Simberi gold production and a 22% reduction in All-In Sustaining Costs, alongside progress in key project developments, including nearing completion of the Simberi Resource drill program. The company’s financials remain robust with cash reserves of A$218 million and an increase in the value of listed investments. Looking forward, St. Barbara is on track to unveil the results of the Simberi Expansion Concept Study in May and anticipates higher-grade mining in June, maintaining a positive outlook for FY24.
For further insights into AU:SBM stock, check out TipRanks’ Stock Analysis page.
