Gold miner St Barbara (ASX:SBM) has recorded an increase in consolidated gold production in the December 2017 quarter compared to the September quarter, resulting in an upwardly revised production guidance for FY2018.
Gold production at the Simberi mine saw record production for the quarter, which was the fourth consecutive record quarter for the mine, resulting in upwardly revised production guidance.
Gwalia gold production in Leonora in Western Australia for the quarter decreased compared to the previous quarter, but production guidance for FY2018 has still been upwardly revised.
Work on the Gwalia extension project continued during the quarter, and the company said the project remains on schedule and within budget.
The miner holds $216 million total cash with no debt.
Shares in St Barbara (ASX:SBM) are trading 0.52 per cent higher at $3.85.