St Barbara to reach 200 000 oz output within five years
ASX-listed gold producer St Barbara has revised upward its gold production outlook to 200 000 oz/y, owing to strong attributable output expected from the New Simberi gold project, in Papua New Guinea.
At an average yearly growth rate of 59%, the company’s output will lift from 48 000 oz in the 2027 financial year to at least 191 000 oz by the 2030 financial year and further to 200 000 oz/y in the 2031 financial year.
The company says it is fully funded to meet the upcoming capital requirements to develop its key projects, including $108-million required for the New Simberi gold project, $6-million for the Touquoy restart project and $201-million for the 15-Mile Processing Hub.
The Touquoy restart project, in Nova Scotia, involves refurbishment of the plant and creating tailings storage capacity within the existing openpit. In turn, the 15-Mile Processing Hub involves consolidation of the Cochrane Hill and Beaver Dam deposits into a central processing facility.
The 15-Mile Processing Hub is planned to act as a long-term, low-capital-cost production centre for St Barbara, leveraging regional operations to reduce the need for multiple tailings facilities.
St Barbara’s future production is underpinned by long mine lives at the New Simberi project (14 years) and the Novia Scotia projects (11 years), in Canada, with New Simberi’s attributable production expected to increase to 100 000 oz/y and similar output expected from the 15-Mile Processing Hub.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
