FY25 Production and Cost Guidance Update
| Stock | ST Barbara Ltd (SBM.ASX) |
|---|---|
| Release Time | 17 Jun 2025, 9:37 a.m. |
| Price Sensitive | Yes |
St Barbara Updates FY25 Production and Cost Guidance
- Gold production for Q4 Jun FY25 expected between 14,000 and 15,000 ounces
- Recent high rainfall events at Simberi disrupted access to higher grade feed from Pigibo Central pit
- Revised FY25 gold production guidance of 50,000 to 52,000 ounces and AISC of A$4,400 to A$4,700 per ounce
St Barbara Limited (ASX: SBM) has provided an update on its FY25 gold production and All-in-Sustaining Cost (AISC) guidance. Gold production for Q4 Jun FY25 is now expected to be between 14,000 and 15,000 ounces, up slightly on Q3 Mar FY25. However, recent high rainfall events at Simberi saw more than 100mm of rain fall from 7 June, including more than 60mm from 13 to 15 June. This coincided with the planned second phase of silt removal from the Pigibo Central pit, resulting in the loss of access to the final two benches planned for June. While the loss of access is temporary and mining is expected to resume before the end of June, the remaining benches will now largely slip into July's production. Mining of the Sorowar pit has continued, but the impact of the rainfall events has limited its ability to make up the shortfall from Pigibo Central. The revised guidance for Simberi gold production and AISC for FY25 is 50,000 to 52,000 ounces and A$4,400 to A$4,700 per ounce, respectively.
Revised FY25 gold production guidance of 50,000 to 52,000 ounces and AISC of A$4,400 to A$4,700 per ounce.