News Bureau

 
July 11, 2018

St Barbara Q4 2018 produces 119,436 oz gold

St Barbara provides the update for the June 2018 quarter (Q4 FY18) and full year FY18. According to the update, FY18 consolidated gold production was a record 403,089 ounces, up 6% on FY17 and exceeded 400,000 ounces in a year for the first time.

Gwalia produced a record 84,537 ounces of gold in the quarter and a record 268,428 ounces for the full year. As anticipated, the re-set of the mining chevron during Q3 ensured multiple working faces were available for production in Q4. 204 kt of ore was milled during the quarter at an average grade of 13.2 g/t Au, reflecting mining from higher grade zones of the South West Branch.

Simberi produced 34,899 ounces of gold in the quarter and a record 134,661 ounces for the full year, the fourth consecutive annual production record. Major contributors to the record result included incremental improvements in mining and fixed plant operations and higher grades mined near the sulphide/oxide boundary.

St Barbara Managing Director and CEO, Mr Bob Vassie, said “The final quarter exceeded our expectations and re-wrote multiple entries in our record book, including achieving 400,000 ounces in a year for the first time. I acknowledge the Gwalia and Simberi teams, largely unchanged from prior to my appointment in 2014, on setting new benchmarks for sustained performance and continuous improvement.

The Gwalia result supports our ongoing investment in extending its future, and the Simberi result encourages further consideration of the sulphide project.”