St Barbara Limited
(ASX:SBM) says it has had further strong gold production in the second quarter and is upping its guidance for 2016.
The Simberi mine has exceeded annual targets of 100,000 ounces of gold easily and production guidance has been lifted to between 100,000 and 110,000 ounces of gold.
Gwalia has also had higher than anticipated production and raised guidance to between 245,000 and 260,000 ounces for the 2016 financial year.
St Barbara also says strong cash flow has left it with $100 million in cash for the December quarter.
St Barbara reported a net profit of $39.68 million for the 2015 financial year.
