St Barbara Limited (ASX:SBM)
St Barbara Limited (ASX:SBM) is an Australian based gold producer and explorer. St Barbara’s assets include the Leonora Operations in Western Australia, the Simberi Operations in Papua New Guinea, and the Atlantic Gold Operations in Nova Scotia, Canada.
As at 30 June 2019 St Barbara had Mineral Resources of approximately 12 million ounces of contained gold including Ore Reserves of 5.9 million ounces of contained gold, as well as an extensive landholding comprising granted tenements and tenement applications in Australia, Papua New Guinea and Canada.
The Leonora Operations include the Gwalia 1.2 Mtpa processing plant and the Gwalia Underground mine, as well as nearby development opportunities. St Barbara’s Gwalia mine was commissioned in October 2008 and is the cornerstone asset for St Barbara with an indicative mine life to FY 2031 and high grade mineralisation below the current reserves.
The Simberi mine is on Simberi Island in Papua New Guinea and started production in February 2008. In 2013-2014 the plant was expanded with installation of a SAG mill increasing production capacity to over 100,000 ounces per annum. The Simberi mine is a significant contributor to PNG’s economy and its community, with significant further exploration potential around the mine.
The Atlantic Gold operation in Nova Scotia, Canada, was acquired by St Barbara in July 2019. The open pit mine commenced commercial production in 2018. With three additional planned pits nearby, the Atlantic Gold operation has an estimated mine life to 2030, with strong exploration potential in the region.