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Mining operations at Simberi in New Ireland Province has been suspended following a death at its site.
Operations are expected to resume when it is deemed safe to do so. This is according to an article posted on the 21
st of May on the Australian news site,
The Market Herald.
According to the website, the incident is currently under investigation and involves a local employee.
Managing Director and CEO of St Barbara, Craig Jetson said the safety and wellbeing of their employees of the highest priority.
“Safety always is St Barbara’s Commitment to our people and the cause of the incident will be thoroughly investigated, he added.
St Barbara (ASX:SBM) pauses operations in PNG after fatality
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Gold explorer St Barbara (SBM) has paused mining operations after a fatality at its Simberi Operations in New Ireland Province, Papua New Guinea
The incident is currently under investigation and involves a local Papua New Guinean employee
Mining operations at Simberi have been suspended and are expected to resume when it is deemed safe to do so
St Barbara is providing care and support to the family of the worker, the local community and all employees at the mine
On the market this afternoon, St Barbara is in the grey and is trading at $1.81 per share
St Barbara (ASX:SBM) share price craters 8% on production fall
Mitchell Lawler | April 28, 2021 12:25pm |
More on: Image source: Getty Images
St Barbara Ltd(ASX: SBM) shares have lost their shine today after the gold miner released its third-quarter report to the market.
At the time of writing, the St Barbara share price is down 8.13% to $1.865. So, what was in the report that has sent investors scrambling?
What’s impacting the St Barbara share price?
Unfortunately for St Barbara shareholders, the finance side of things was the complete opposite of what investors hope to see. Typically, the desire is for production to increase and costs to fall – which means profits grow.
What’s with the St Barbara (ASX:SBM) share price today?
Lucas Radbourne | April 27, 2021 12:40pm |
More on: Image source: Getty Images
St Barbara Ltd(ASX: SBM) shares are edging lower today despite the company reporting its Simberi Sulphide Feasibility Study highlighted “a robust project with strong financial returns”. At the time of writing, the St Barbara share price is trading 1.98% lower at $2.03.
St Barbara is a gold mining company with projects comprising Leonora in Western Australia, Simberi in Papua New Guinea and Atlantic in Canada. The majority of the company’s revenue is generated by gold sales from its Gwalia underground mine at the Leonora project.