St Barbara gold production up 8% in June quarter
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- St Barbara grew quarterly gold production by 8% to 14,658 total ounces.
- The company accumulated $509 million in cash, bullion, and listed investments.
- Operations focused on waste removal to improve mining grades for upcoming quarters.
Gold miner St Barbara (ASX:SBM) lifted its quarterly gold production by 8% to 14,658 total ounces.
This production beat the company's previous guidance range of 5,600 to 6,800 attributable ounces.
Processed material rose 19% to 589,000 tonnes, with an average grade of 1.00 gramme per tonne.
Total attributable cash, bullion, and listed investments reached $509 million at the end of June.
Following the announcement, the St Barbara share price was down at $0.41.
The company stated that its transaction with Kumul Mineral remained incomplete on June 30.
Management anticipated issuing the final quarterly report with complete cost details in late July.
