Australia's St Barbara extends losses as FY gold production drops

St Barbara

28/07/2023 06:30

** Shares of St Barbara Ltd  SBM.AX  fall as much as 5% to
A$0.238, their lowest since July 5
    ** The gold miner posted 2023 consolidated gold production
of 260,368 ounces (oz) on Thursday, compared with 280,746 oz in
2022
    ** Morgan Stanley says SBM's fourth-quarter gold production
was in line with estimates 
    ** Brokerage expects co to provide its FY24 outlook in its
FY23 financial results 
    ** While the outlook remains unclear, we see value in the
development of Fifteen Mile Stream at Atlantic - Morgan Stanley 
    ** Two analysts rate the stock "buy", one "hold" and one
"sell"; their median PT is A$0.49 – Refinitiv data
    ** Stock down 25.9% this year, as of last close

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))