Australian gold miner St Barbara reports lower production in Canada
(Kitco News) - Australian gold mining company St Barbara reported today that its consolidated gold production was 82,303 ounces in March quarter 2021, a 8% decline compared to the previous quarter (89,670 ounces). Consolidated all-in sustaining cost (AISC) was A$1,649 per ounce, a 9% increase compared to the previous quarter (A$1,517 per ounce).
The company said that its Atlantic gold operations located in Nova Scotia, Canada, produced 20,606 ounces, which is 23% less than 26,693 ounces produced in the previous quarter, reflecting lower ore grades and marginally lower recovery. Production was impacted primarily by winter conditions affecting the pit.
The company’s Gwalia operation in Australia produced 42,716 ounces in March quarter 2021 (December quarter 2020: 42,198 ounces).
Simberi mine (Papua New Guinea) produced 18,981 ounces (December quarter 2020: 20,779 ounces), with grade 14% lower than in December quarter due to lower grade oxide ore from the Samat pit.
The company said that its consolidated full year production guidance anticipated to
be in the range of 370 to 380 koz (previously 370 to 410koz) and AISC expected between A$1,440 and A$1,520 per ounce (previously A$1,360 and A$1,510 per ounce).