Australia's St Barbara rises on strong gold production outlook

St Barbara

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;))