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Australia's St Barbara considers placing its gold operations in Nova Scotia into care and maintenance

Vladimir Basov

Kitco News

(Kitco News) - Australian gold producer St Barbara (ASX: SBM) said today it has received requests for information from the Nova Scotian Minister of Environment and Climate Change in response to the environmental assessment of the proposal to deposit tailings into the Touquoy open pit.

The company added that, as stated in the Q2 quarterly report released to the ASX on 25 January 2023, any delays in approvals to in-pit tailings would trigger cessation of production early in its fiscal FY24.

According to a press release, in the company’s view, compilation of the information required to answer the Minister’s questions would indeed take more time than is available before capacity of the existing tailings management facility is reached in early fiscal FY24.

“As a result, the company anticipates placing the operations into care and maintenance at that time,” St Barbara said in a statement.

The company noted it will continue to engage with the Nova Scotian government.

St Barbara is an Australian based, ASX listed company with gold mining operations in Australia, Canada and Papua New Guinea.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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