Australia's St Barbara rises on strong gold production outlook
07/05/2024 05:23
** Shares of St Barbara SBM.AX rise as much as 6.1% to
A$0.260, set for best day since April 19, if gains hold
** The gold miner says annual gold production target for
FY25 to FY27 is between 70,000 and 75,000 ounces, compared with
FY24 guidance range of 60,000 to 70,000 ounces
** St Barbara stock at highest level since May 3
** SBM stock up 16.7% YTD, as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))