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St Barbara to explore over350K Oz production!

St Barbara said, its’ consolidated gold production was 98,547 ounces in the Q1 FY19 and is on track to meet FY19 guidance of 350K to 375K ounces. Gwalia produced 62,685 ounces of gold in the quarter, in line with FY19 guidance of 245K to 260K ounces. Simberi produced 35,862 ounces of gold in the quarter, continuing the strong performance of FY18 and FY19 guidance is maintained at 105K to 115K ounces.

Total cash at bank was $350 million0F1 at 30 September 2018 (30 June 2018: $343 million) after payment of dividends ($28 million), income tax ($6 million) and further investment in Peel Mining Ltd ($3 million) during the September quarter.

St Barbara Managing Director and CEO, Mr Bob Vassie, said “both operations continue to perform well, with the strong cash balance of $350 million positioning the Company to deliver on our organic growth projects and consider inorganic opportunities.”