St Barbara's Strong Performance

St Barbara's June 2023 quarter report unveiled a remarkable performance, bolstering its standing in the gold mining sector. The company achieved a significant increase in gold production, yielding 77,125 ounces at an AISC of $2145 per ounce, surpassing the March 2023 quarter results. Overall, FY23 production totaled 260,368 ounces, meeting upper-end guidance, with an AISC of $2443 per ounce. A sale of 68,854 ounces of gold in the June quarter, at an average realized price of $2921 per ounce, further contributed to the company's success.

The Leonora gold operations delivered their best FY23 performance, shining in their final quarter under St Barbara's ownership before being acquired by Genesis Minerals. Cash contributions amounted to $51 million, with Leonora, Atlantic, and Simberi operations contributing $32 million, $16 million, and $3 million, respectively. With a cash balance of $294 million, St Barbara is now well-positioned to pursue development opportunities at Simberi and Atlantic, fostering anticipation for the company's promising future.