St Barbara gains most in 3 weeks; announces 10-yr plus outlook for Simberi mine

St Barbara

10/05/2024 01:55

** Shares of Australia's St Barbara  SBM.AX  rise as much as
10.4% to A$0.265, their biggest intraday gain since April 10
    ** Stock at its highest level since May 2
    ** SBM snaps its two straight week of losses by gaining
11.5%, as of 0048 GMT
    ** Gold miner announces 10 Year plus outlook for Simberi
mine in Papua New Guniea
    ** Says average annual gold production would rise from 70 to
75 koz in FY25 to FY27 
    ** Sees average annual gold production rising to 230 koz
through to FY34 
    ** Expects all-in sustaining cost decreasing to $1,000 to
$1,200/oz from FY28 to FY34 
     ** Expansion growth capital estimated at $213 mln across
FY26 to FY28 - SBM
    ** Stock up 14.3% YTD as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))