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    St Barbara (ASX:SBM) announces full year results

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    St Barbara (ASX:SBM) announced financial results for the full-year ended 30 June 2022.

    Statutory net loss after tax of $160,821,000 (2021: loss of $176,596,000) after recognising an after-tax impairment write off in relation to the Atlantic Gold cash generating unit of $158,715,000.

    Acquisition on 13 April 2022 of Bardoc Gold Limited to gain access to the advance Zoroastrian and Aphrodite underground deposits, increase land holdings in the province by approximately 70% increase Mineral Resources by over 3 million ounces of gold and accelerate the execution of the Leonora Province Plan.

    Strong production at Leonora for the period of 191,459 ounces (2021; 152,696 ounces) and production for the Group totalled 280,746 ounces (2021: 327,662 ounces).

    Successful construction and installation of the Simberi Deep Sea Tailings Placement (DSTP) pipeline at the end of December 2021 allowing production to recommence in January 2022.

    EBITDA loss of $32,427,000 (2021: $63,001,000 loss) reflecting the significant impact of the impairment write off in Atlantic Gold and lower results at Simberi and Atlantic Gold.

    Cash contribution from operations of $77,180,000 (2021: $208,094,000) after sustaining and growth capital totalling $129,485,000 (2021: $139,683,000). The temporary break in operations at Simberi white the DSTP pipeline was re-established and associated costs drove lower cash contribution compared to the prior period.

    Total dividends pain in the year of $14,165,000 for the 2021 final dividend (2021: $56,356,000), with $12,525,000 paid in cash and $1,640,000 issued in new shares as part of the dividend reinvestment plan. No dividends were declared or pain in relation to the 2022 financial year.

    Acquisition on 23 February 2022 of NS Gold Corporation to gain access to advance exploration properties with high prospectivity just 14km away from Touquoy, thereby expanding the Company's exploration footprint in the Atlantic Province.

    Following the announcement the company?s share price fell 5.999%.

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