St Barbara Limited

Published : October 05th, 2015

Strong gold production and cash generation in Q1 Sep 2015

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Debt | Gold | Gold Production | K Street |

Strong gold production and cash generation in Q1 Sep 2015

2e456bb6d511879160e37b.pdf


ASX Release / 5 October 2015


Strong gold production and cash generation in Q1 September 2015

St Barbara Limited achieved near-record gold production of 111,039 ounces in the September 2015 quarter (only 249 ounces or 0.2% below the March 2015 quarter record of 111,288 ounces), comprising:

  • Gwalia production of 72,388 ounces

  • Simberi record quarterly production of 29,539 ounces, and

  • final King of the Hills production of 9,112 ounces.


Gwalia's production benefited from higher mined volume and higher mined grade (9.7 g/t Au) than anticipated in the mine plan.

Simberi's production for the quarter set a new record and comfortably exceeded the 100,000 ounce per annum target run rate for the second consecutive quarter. Improved performance was due to increasing productivity in the mine and the plant. Total ore and waste mined at Simberi increased to

2.67 Mt for the quarter, and ore milled increased to 860 kt for the quarter, approximately equivalent to the target 3.5 Mtpa run rate. Mined grade for the quarter averaged 1.27 g/t Au, consistent with the Ore Reserve grade of 1.3 g/t Au1.

Mining ceased at King of the Hills in April 2015 and processing of stockpiles concluded in the September quarter.



  1. Ore Reserve grade at 30 June 2015, refer Ore Reserves and Mineral Resources Statements released 25 August 2015


    Investor Relations Media Relations

    Mr Rowan Cole Company Secretary Ms Nerida Mossop Hinton & Associates

    +61 3 8660 1900

    +61 3 9600 1979

    St Barbara Limited ACN 009 165 066

    Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003

    T +61 3 8660 1900 F +61 3 8660 1999

    W www.stbarbara.com.au


    The Company's strong cash generation for the quarter is evidenced by the cash balance increasing from A$77 million2 at 30 June 2015 to approximately A$115 million3 at the end of the September quarter, after total payments of A$34 million for the repurchase of US Notes and Red Kite interest and principal repayments noted below.

    During the September quarter, the Company repurchased US$13 million in aggregate principal of its US Senior Secured Notes at a 7% discount to par value (US$3 million was announced on 26 August 2015 with the financial report presentation, and US$10 million was announced on 28 September 2015). The corresponding net cash outflow, including discounted principal repayments and accrued interest, amounted to A$18 million. St Barbara has now repurchased a cumulative US$67 million (27%) in aggregate principal of the original US$250 million of Notes issued by St Barbara in March 2013. US$183 million of the Notes remain on issue at the date of this announcement.

    The first of eight US$9 million quarterly repayments of the Red Kite debt facility was completed during the September 2015 quarter, leaving a balance of US$66 million on this facility at the end of the quarter. Interest and principal repayments to Red Kite amounted to A$16 million for the September quarter.


    Details of the September 2015 quarter production are set out in the table below.



    Production Summary Consolidated

    Q3 Mar FY15

    Q4 Jun FY15

    Q1 Sep FY16

    Full Year FY16 Guidance Range


    Production

    Gwalia

    oz

    76,954

    57,208

    72,388

    220,000 to 250,000

    King of the Hills

    oz

    11,836

    15,014

    9,112

    9,000

    Simberi

    oz

    22,498

    27,137

    29,539

    90,000 to 110,000

    Consolidated

    oz

    111,288

    99,359

    111,039

    319,000 to 369,000

    Mined Grade

    Reserve grade4

    Gwalia

    g/t Au

    9.7

    8.6

    9.7

    9.4

    Simberi

    g/t Au

    1.38

    1.28

    1.27

    1.3


    The Company will issue its September 2015 quarterly report, including production costs and cash flow details, late in October 2015. Guidance for FY16 was issued in the June 2015 quarterly report, released on 21 July 2015.



  2. Cash balance excludes A$2 million restricted cash

  3. Financial information unaudited, cash balance excludes A$2 million restricted cash

  4. Ore Reserve grade at 30 June 2015, refer Ore Reserves and Mineral Resources Statements released 25 August 2015


St Barbara Limited

Read the rest of the article at www.noodls.com

St Barbara Limited

PRODUCER
CODE : SBM.AX
ISIN : AU000000SBM8
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

St Barbara is a gold producing company based in Australia.

St Barbara holds various exploration projects in Australia.

Its main assets in production are SOUTHERN CROSS - MARVEL LOCH, GWALIA DEEPS (SONS OF GWALIA), SOUTHERN CROSS - YILGARN STAR, SOUTHERN CROSS - OTHER, SOUTHERN CROSS - TOTAL AREA, SOUTHERN CROSS - HERCULES, CORINTHIA MINE and MEEKATHARRA MINE in Australia, its main asset in development is LEONORA - TARMOOLA in Australia and its main exploration properties are SOUTHERN CROSS - NEVORIA, LEONORA - TOWER HILL, SOUTHERN CROSS - TRANSVAAL, SOUTHERN CROSS - JACCOLETTI, LEONORA - OTHER, GWALIA INT & WEST LODE, MARVEL LOCH, SOUTHERN CROSS - BULLFINCH and WALLAL in Australia.

St Barbara is listed in Australia. Its market capitalisation is AU$ 678.9 millions as of today (US$ 487.2 millions, € 431.5 millions).

Its stock quote reached its lowest recent point on December 05, 2014 at AU$ 0.07, and its highest recent level on February 22, 2019 at AU$ 5.32.

St Barbara has 497 329 984 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of St Barbara Limited
8/1/2016Presentation to Diggers and Dealers Mining Forum
Financials of St Barbara Limited
7/20/2016Presentation on Q4 June 2016 Quarter and audio webcast
7/19/2016Quarterly Report Q4 June 2016
7/18/2016St Barbara buys back US$40 million of Senior Secured Notes
4/19/2016Quarterly Report Q3 March 2016
2/23/2016=e2?? December 2015 Half Year Financial Report and
Project news of St Barbara Limited
7/6/2016Production Update Q4 June 2016
2/21/2011(Gwalia Deeps (sons Of Gwalia))Tropical Cyclone Dianne temporarily interrupts Gwalia Operat...
Corporate news of St Barbara Limited
7/28/2016Pacific Energy Secures New Eight Year Contract with St Barba...
5/17/2016Presentation to Melbourne Mining Club
4/20/2016Presentation on Q3 March 2016 Quarter and audio webcast
1/20/2016Interim Dividend Announcement - 20 January 2016
1/7/2016Production Update Q2 December 2015
11/27/2015New Constitution adopted at Annual General Meeting
10/21/2015Sept 2015 Quarterly
10/19/2015Appendix 4G and 2015 Corporate Governance Statement
10/19/2015Proposed Constitution to be considered at the Annual General...
10/15/2015Sale of King of the Hills Project completed
10/5/2015Strong gold production and cash generation in Q1 Sep 2015
9/28/2015St Barbara buys back US$10 million of Senior Secured Notes
9/20/2015St Barbara added to S&P/ASX 300 Index
8/28/2015Securities Dealing Policy (revised)
8/25/201530 June 2015 Financial Report and Appendix 4E
8/25/201530 June 2015 Ore Reserves and Mineral Resources Statements
7/21/2015Quarterly Report Q4 June 2015
6/25/2015Transition to new Chairman
6/18/2015Moody’s rating review – outlook changed from negative to sta...
4/27/2015Presentation on March 2015 Quarterly Report and webcast
4/27/2015Quarterly Report March 2015
4/8/2015Record gold production in March 2015 quarter
3/5/2015Fatality at Simberi Operations, PNG
2/24/2015Presentation on December 2014 Half Year Financial Report
2/24/2015December 2014 Half Year Financial Report
12/16/2014Gold Ridge Community Alert – Tailings Storage Facility
10/16/20142014 Annual Report and Notice of Annual General Meeting
3/28/2014Change of Company Secretary
2/26/2014December 2013 Half Year Financial Report briefing and webcas...
4/29/2013to de-register from US SEC reporting obligations
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (SBM.AX)
1.37+2.25%
AUSTRALIA
AU$ 1.37
12/08 10:00 0.030
2.25%
Prev close Open
1.34 1.35
Low High
1.34 1.37
Year l/h YTD var.
1.27 -  2.51 -41.95%
52 week l/h 52 week var.
1.27 -  2.54 -47.51%
Volume 1 month var.
2,446,642 -9.27%
24hGold TrendPower© : -5
Produces Gold
Develops Gold
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/19/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2021-42.16%2.561.71
2020-13.24%3.981.62
2019-42.13%5.322.43
201822.72%5.283.27
201787.75%3.951.94
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.73+2.28%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.49+2.47%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.12+1.30%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.93+0.00%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.99+1.02%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.34-0.30%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.90+1.77%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.42-4.49%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.16+3.13%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.69+1.51%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 44.91-0.47%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :