St Barbara restarts Touquoy ore processing in Canada
Key points
- The site secured approximately 200 jobs while the company guidance projects FY27 gold production between 17,000 and 21,000 ounces.
- St Barbara has commenced ore processing at its Touquoy Restart Project in Nova Scotia as of Nov. 3.
- Commissioning will ramp up to full capacity by the end of December 2026 to support gold ore production starting in January 2027.
St Barbara (ASX:SBM) commenced ore processing through the ball mill at the Touquoy Restart Project in Nova Scotia on Nov. 3.
The operation processed low- and medium-grade stockpiles that previously achieved 84% metal recovery during the first quarter of FY24.
"The re-commencement of ore processing through the Touquoy plant marks a significant milestone for both St Barbara and for the Province of Nova Scotia," said St Barbara Managing Director and CEO Andrew Strelein.
Growth capital expenditure across the restart and the 15-mile processing hub project is expected to range between $40 and $50 million, alongside reclamation costs of $24-30 million and exploration spending of $6-7 million.
Following the announcement, the St Barbara share price was unchanged at $0.74.
The Canadian operations expect all-in sustaining costs for FY27 gold production to fall within a range of $2,070 per ounce to $2,560 per ounce.
The site held its official re-opening ceremony with local community partners, liaison groups, and government representatives from the province of Nova Scotia.
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