Updated Group Production and Cost Outlook
| Stock | ST Barbara Ltd (SBM.ASX) |
|---|---|
| Release Time | 20 Apr 2026, 8:20 a.m. |
| Price Sensitive | Yes |
St Barbara Outlines Attractive Gold Production Outlook
- Gold production to rise to 200 kozpa with 59% CAGR from FY27 to FY30
- Fully funded for key project developments using cash on hand and forecast operating cash flow
- Long mine lives at New Simberi (14 years) and Nova Scotia (+11 years) projects
St Barbara Limited is pleased to provide a long-term production and cost outlook incorporating its 40% attributable interest in the New Simberi Gold Project in Papua New Guinea and the 100% owned Nova Scotia Gold Projects in Canada, which include the Touquoy Restart and 15-Mile Processing Hub Project. The production outlook combines the most recently approved Initial Life of Mine Plan for the New Simberi Gold Project, the Pre-Feasibility Study on the 15-Mile Processing Hub Project, and the Touquoy Restart. St Barbara anticipates attributable production rising at a CAGR of 59% from 48 koz in FY27 to 191 koz in FY30. The fourfold increase in production comprises the Touquoy Restart, increased oxide gold production followed by sulphide production from New Simberi, and production from the 15-Mile Processing Hub Project. St Barbara is fully funded for the development of these projects based on existing cash of more than A$500 million and cashflow from remnant Simberi oxides and the Touquoy Restart.
St Barbara's future production is underpinned by long mine lives at the New Simberi Gold Project (14 years) and the Nova Scotia Projects (+11 years). The New Simberi Gold Project attributable gold production (40% basis) is expected to rise to approximately 100 kozpa at an anticipated LOM average AISC of US$1,336 per ounce. The 15-Mile Processing Hub Project is expected to have an average gold production of above 100 kozpa at an anticipated LOM average AISC of US$1,188 per ounce.
St Barbara's recent breakthroughs with the Mining Lease Extension and Final Investment Decision on the New Simberi Gold Project, the permitting of the Touquoy Restart, and the impressive results of the 15-Mile Processing Hub Project Pre-Feasibility Study set up the company for an attractive gold production CAGR of 59% lifting attributable production to over 190koz in FY30 and more than 200koz in FY31.