Australia's St Barbara rises as Nova Scotia gold project restarts
05/11/2026 02:52
BUZZ-Australia's St Barbara rises as Nova Scotia gold project restarts ** Shares of St Barbara SBM.AX rise as much as 8.7% to A$0.810, their biggest intraday pct gain since October 16
** Gold miner says ore processing has begun at Touquoy Restart Project in Nova Scotia, Canada, on November 3 as planned
** Expects the project to ramp up to full production by the end of December and deliver first gold dore in January 2027
** Guides for FY27 gold production from Touquoy of 17,000-21,000 ounces at all-in sustaining costs of A$2,070-A$2,560 per ounce
** YTD, stock up 38.4%
($1 = 1.4267 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)