Make Kitco Your Homepage

Australian gold miner St Barbara reports lower production in Canada

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(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).

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.