St Barbara Ltd
(ASX:SBM) has confirmed that it is on track to deliver its guidance of between 265,000 to 295,000 ounces of gold production in fiscal 2011.
St Barbara says gold production continues to grow in line with expectations with output of 63,488 ounces in the September 2010 quarter.
The gold producer says cash as at the 30 September increased to $110.3 million.
Last week St Barbara said in its annual report that the 2010 financial year was a year of getting its house in order and establishing solid foundations for growth.
Advising that St Barbara has achieved its production targets for the past five quarters.
St Barbara improved its result in 2010, from a loss of $76.3 million the year before to a loss of $40.2 million in the twelve months to 30 June 2010.
