St Barbara Reduces Production Guidance and Increases Cost Guidance for Gwalia

  • Oct 18, 2019 AEDT
  • Team Kalkine

St Barbara Limited (ASX: SBM) revised the production and cost guidance for the full financial year 2020.

  • SBM downgraded the production guidance for its Gwalia prospect from 200,000 ounces-210,000 ounces in FY2020 to 175,000-190,000 ounces.
  • The company increased the all-in sustaining cost guidance from previous guidance of $1,230-$1,290 per ounce to $1,390-$1,450 per ounce.
  • St Barbara now anticipates the sustaining capex to be in the range of $60-$65 million in FY2020 from $55-$65 million.
  • The company also reckons the growth capex to stand between $32-$38 million as compared to the previous estimation of $30-$35 million.

 

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