St Barbara Ltd Requests Trading Halt
Key points
- Reduction in Simberi FY25 production guidance
- Temporary loss of ore production from Pigibo Central
- Update on progress of Simberi Mining Lease renewal
Full summary
St Barbara Ltd has requested a trading halt to announce a reduction in Simberi FY25 production guidance following the substantial, albeit temporary, loss of ore production from Pigibo Central (one of two primary ore sources for June) due to high rainfall events during the second phase of silt removal from this open pit. This has resulted in a consequential revision required to guidance on All-In-Sustaining-Cost (AISC) arising from the lower ounce production. The company will also provide an update on the progress of the application for early renewal of the Simberi Mining Lease.
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