2023-01-25 20:37:00

Gold miner St Barbara reports lower production and higher costs in December quarter

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Kitco NEWS
By Vladimir Basov

Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) - Australian gold miner St Barbara (ASX: SBM) announced Tuesday that in the December quarter of 2022, its total production was 60,976 ounces of gold, down 7% year-on-year and down 4% compared to the previous quarter.

The company said that increased ore mined at Gwalia was offset by delays accessing high grade stopes to next quarter, resulting in lower grade development ore being processed, adding that Atlantic and Simberi production was stable, in line with expectations.

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