St Barbara sees record gold production

Company News

by Rachael Jones

Gold company St Barbara (ASX:SBM) has seen record gold production for the financial year 2018.

Production was up 6 per cent on last year and exceeded 400,000 ounces in a year for the first time.

Major contributors to the record result include incremental improvements in mining and fixed plant operations and higher grades mined near the sulphide/oxide boundary. Total cash at bank and term deposits was $344 million.

Shares in St Barbara (ASX:SBM) up 3.97 per cent to $4.97.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.