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St Barbara reports half-year results; faces environmental charges in Nova Scotia - Canadian Mining Journal

Australia-based miner St Barbara (ASX: SBM) has released financial results for its half-year ended Dec. 31 that represent “an encouraging recovery from the operational disappointments of the first quarter,” according to the company’s managing director and CEO, Craig Jetson. In a release, the company noted that performance had improved at all three of its operations – including its Atlantic Gold operations 60 km northeast of Halifax, N.S., which it acquired in mid-2019. “Over consecutive halves, Atlantic Gold has delivered record production as continuous improvements in mill throughout generated early returns,” Jetson said. For the six months ended Dec. 31, St Barbara produced a total of 162,600 oz. of gold across its operations at all-in sustaining costs of A$1,605 per oz. (US$1,240). In addition to the Touquoy open pit at its Atlantic Gold operations in Canada, the company has the Leonora operation in Western Australia, and its Simberi mine in Papua New Guinea.

St Barbara reports half-year results; faces environmental charges in Nova Scotia - Canadian Mining Journal

St Barbara reports half-year results; faces environmental charges in Nova Scotia - Canadian Mining Journal
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