St Barbara on track to meet guidance
January 13, 2010
St Barbara Limited (SBM) reported that production was steady and in line with expectations over the last quarter. As a result the Aussie gold miner reaffirmed its guidance of achieving production of between 205,000 and 240,000 ounces at a cash operating cost of between $745 and $820 per ounce for the 2010 year.
The company said that in the fourth quarter the company produced 55,104 ounces of gold, with the gold being shipped at an average price of $1,210 per ounce.
Across its operations the company’s Leonora mine in Western Australia produced less gold at 25,043 vs 30,060 than its Southern Cross mine, though the gold was produced more cheaply.
The miner, which doesn’t have any gold or currency hedging, had reported cash of $167.6 million.
At the close, St Barbara shares were trading at 30c each.
The company said that in the fourth quarter the company produced 55,104 ounces of gold, with the gold being shipped at an average price of $1,210 per ounce.
Across its operations the company’s Leonora mine in Western Australia produced less gold at 25,043 vs 30,060 than its Southern Cross mine, though the gold was produced more cheaply.
The miner, which doesn’t have any gold or currency hedging, had reported cash of $167.6 million.
At the close, St Barbara shares were trading at 30c each.
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