Mining News
Gold miner St Barbara completes deep sea tailings placement pipeline at Simberi
Welcome to Kitco News' 2022 outlook series. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2022.
(Kitco News) - St Barbara (ASX:SBM) announced today that the company completed on schedule the laying of the deep sea tailings placement pipeline at its Simberi gold mine in Papua New Guinea over the past weekend.
Importantly, the company said that wet commissioning of the process plant at Simberi was conducted in preparation for the on-schedule commencement of full processing over the coming week.
The company added that Simberi remains on track to meet its FY22 guidance with production of between 60,000 and 70,000 ounces, with the first gold pour expected this month.
While the mill has been shut down, St Barbara said that Simberi has established a 130kt oxide ore stockpile on ROM pads and implemented multiple processing plant upgrades, and that a new mine plan has been developed to deliver oxide material to the mill, with substantial pre stripping work conducted over the last 6 months.
|
|
Peru's mining industry contracts 5.85% in November 2021 - report |
Simberi consists of an open cut mine on the northernmost island in the Tabar group of islands in the province of New Ireland in Papua New Guinea. Operations at Simberi commenced in 2008. An upcoming sulphide project has the potential to extend the life of mine by at least 10 years.
St Barbara is an Australian based, ASX 200 company with gold mining operations in Australia, Canada and Papua New Guinea. The company’s assets include Leonora operations in Western Australia, Atlantic operations in Nova Scotia, Canada, and Simberi operations in Papua New Guinea.
