SBM - St Barbara Limited

Chart update ...


Holding

Good morning
What are analysts saying about stocks today (24/10/24):

St Barbara cut to Neutral; target raised 48pc to $0.49: Macquarie

Kind regards
rcw1

Continuing on from posts earlier in the year, a big pullback on the chart yesterday.
Hmmmm.
Decisions decisions.

Good evening

Announcement 15/11/24 see attached:
The Share Purchase Plan provides Eligible Shareholders with the opportunity to purchase New Shares at an Issue Price of $0.38 per New Share. The Issue Price is the same price at which the Placement Shares were issued under the Placement and represents a:
• 17.4% discount to the closing price of fully paid ordinary shares in St Barbara (Shares) on 31 October 2024 (being the last trading day prior to the announcement of the Placement and the SPP) of $0.46; and
• 18.0% discount to the 5-day volume weighted average price of Shares traded during the 5 ASX trading days up to and including 31 October 2024 of $0.463. You may apply for a parcel of New Shares in increments of $1,000 up to a maximum value of $30,000.

Announcement 09/12/24 see attached:
St Barbara Limited confirms that the Share Purchase Plan announced on 5 November 2024 has been completed, raising approximately A$500,000. A total of approximately 1.35 million New Shares at a price of A$0.38 per New Share are expected to be issued on 10 December 2024, and to commence trading on 11 December 2024. New Shares issued under the SPP will rank equally with St Barbara’s existing shares.

Chart update:
5 minute

Daily


Holding and did not participate in Share Purchase Plan


Kind regards
rcw1

Sovereign risk appears once again as an overseas government tries to extract more taxes from a ASX listed miner. I this case PNG is trying to gouge SBM for more money.

SBM down 34% on the news. SBM mgt will vigorously defend against the claim.

Gold miner St Barbara hit with $210m PNG tax demand https://www.afr.com/companies/minin...a-hit-with-210m-png-tax-claim-20241224-p5l0i5
Our Northern neighbours have decided that the West Africans method is the right one, next step: catch a plane load of executives and invite them in a Port Moresby public accommodation....

Chart update ... smashed with the PNG development.



Holding
Truth be told had opportunity to sell at $0.50 and pocket some good $$$ but got greedy... ha ha ha ha silly boy is our rcw1

Kind regards
rcw1

rcw1 said:

Chart update ... smashed with the PNG development.

View attachment 191501

Holding
Truth be told had opportunity to sell at $0.50 and pocket some good $$$ but got greedy... ha ha ha ha silly boy is our rcw1

Kind regards
rcw1

Click to expand...

Ah rcw greed and need 'tis an old folly.

Good afternoon

Announcement today (30/01/25) see attached:
Warden Court hearing dates for the renewal of the Simberi Mining Lease (Simberi ML) have been set for 8 and 9 April 2025 on
Simberi Island.

Kind regards
rcw1

Good evening
SBM has been entered into the annual competition... @mullokintyre fyi February update.

Announcement of most interest dated 18/02/25 - Simberi Gold Company Pty Ltd, a wholly-owned subsidiary of St Barbara, has lodged objection against the tax assessments by the Papua New Guinea, Internal Revenue Commission (IRC):

• IRC assessed additional tax of PGK152.0 million on revisions to Simberi Gold tax returns across 2017 to 2021 in relation to revisions to Allowable Capital Expenditure (“ACE”) and have applied penalties of PGK304.1 million;
• identification of errors totalling PGK64.0 million;
• After adjustment for these errors there is just PGK88.1 million applicable;
• Of this there are other lawful considerations to further reduce the tax debt; and
• the audit investigation team lead officer was a former St Barbara Limited tax manager with responsibility for preparation of tax returns for Simberi Gold immediately prior to his appointment to the IRC. Furthermore, the Company understands that the lead officer’s work was not subject to review before the assessments were issued.

SBM Ore Reserves were 4.0 Moz of contained gold (up from 3.3 Moz at 31 December 2023) and Mineral Resources were 6.9 Moz of contained gold (up from 6.7 Moz at 31 December 2023) - see attached.

Financials half yearly to 31 December 2024:

Chart update:

Daily


Holding

Kind regards
rcw1

Good morning
SBM has been entered into the annual competition... @mullokintyre a fyi March 2025 update.

10 March 2025 announcement, as attached - H2 FY25 Production and Cost Guidance Update.

St Barbara Limited Managing Director and CEO Andrew Strelein said:
“We are pleased with the progressive improvements made over the last couple of months which are anticipated to translate into an improved June 2025 Half Year with gold production expected to be between 32,500 and 42,500 ounces at an AISC of $3,400 to $3,800 per ounce. However we were already trending to the low end of guidance after the December 2024 Half Year and therefore this lower average mined grade outlook will now leave us short of achieving our previous annual guidance and so this revision has been necessary.” “Gold production is anticipated to be weighted more to the June quarter relative to the March quarter with the benefit of a full three months of benefit from the Sizer and improved SAG throughput and availability together with improving grades in the schedule.”
Chart update:
Daily



Kind regards
rcw1

Good evening
Great day for gold today (11/04/25) culminating in a 9.52% SP gain for SBM...

Nice.

Chart update:
Daily



One minute


Holding

Kind regards
rcw1

Good evening
SBN has been entered into the ASF yearly competition an April 2025 further update, @mullokintyre a fyi bloke ...

Announcement on 11 April 2025, kindly find attached:

Warden Hearing Held for Simberi ML Early Renewal Highlights:
• Mineral Resources Authority Chief Warden hearing held for Simberi mining lease (ML) early renewal;
• Strong community turnout by approximately 150 people
• Positive community support expressed for early renewal of the Simberi ML and for the enhanced royalty benefits package proposed for the sulphide expansion phase of operations'
• Chief Warden will now produce a report to Mining Advisory Council (within two weeks of 8 April hearing date);
• Mining Advisory Council considers St Barbara’s application for early renewal of the Simberi Mining Lease together with the Chief Warden report, before making a recommendation to the Mining Minister

*** Papua New Guinea mining leases may be renewed upon Ministerial approval for terms of up to 10 years each. Simberi’s mining lease was last renewed in 2018 and therefore is due for renewal again in 2028 to extend the ML through to 2038.

Chart update:
Daily


Kind regards
rcw1

Good evening
Announcement (see attached) published on 29 May 2025 concerning the following concept of operations:

• Processing Hub confirmed as preferred development approach: The integration of the Cochrane Hill Project with the 15-Mile Processing Hub (“Concept Study”) (AACE Class 5 Study ± 50% accuracy) confirms the optimal development is a 3 Mtpa processing plant at 15-Mile (relocated from Touquoy with the substitution to a larger ball mill) with mill feed from Beaver Dam and Cochrane Hill transported by road.

Some more news published within quarterly published on 30/04/25 (attached):

• Total cash, bullion, gold sale receivable and listed investments of A$200 million at 31 March 2025 (including A$89 million of restricted cash), with no bank debt and no hedging;
• Gold sales for the quarter totalled 11,643 ounces at an average realised price of A$4,548 per ounce. Sales included 505 ounces from ongoing decommissioning of Touquoy gold mine. Bullion at site and any GIC drawn down will be sold in Q4; and
• As announced on 18 February 2025,3 St Barbara’s subsidiary Simberi Gold lodged an objection against the tax assessments by the PNG Internal Revenue Commission. St Barbara has now been advised that a review team, separate to the initial audit team, has been established by the PNG Commissioner of Taxation to review the objections raised by Simberi Gold.

Chart update:
Daily

Holding
Another rcw1 select for the yearly comp.

Kind regards
rcw1

Trading halt ... hmmmmmmmmmmmmmm

rcw1 said:

Trading halt ... hmmmmmmmmmmmmmm

Click to expand...

Not a good one.

Good evening
SBM is a stock nominated in the yearly competition ... nice one rcw1

Anyways:
Announcement 17/06/25, post trading halt ... see attached:
St Barbara Limited Managing Director and CEO Andrew Strelein said: “This rainfall event has disrupted access to higher grade feed from Pigibo Central at a critical time for achievement of guidance. The missed benches are however anticipated to be mined in July.” “The team has done an excellent job keeping the other ore sources, in particular Sorowar, in production despite the rainfall. However, these sources are insufficient to make up for the delay from Pigibo Central.”

Not really impacting on overall gold production and guidance. Impacts to Company’s cash and bullion balances at the end of Q4 Jun FY25 are not anticipated to be material as management will draw down from the excess gold-in-circuit balance built up over the past three quarters.

Announcement two - 17/06/25
St Barbara Managing Director and CEO Andrew Strelein said: “The confirmation that the application for early renewal of the Simberi Mining Lease will be considered at the June meeting of the Mining Advisory Council is very encouraging. Although we were hoping to make it onto the May meeting agenda, we understand there has been a significant number of tenement applications before the Mineral Resources Authority which made this timing challenging. We appreciate the attention and priority given to our renewal application .” “We continue to be very grateful for the support of our renewal submission from all directors of the Simberi Landowner Association, the New Ireland Provincial Government, the Sentral Niu Ailan Local Level Government and of the Namatanai District Development Authority.” “The renewal of the Simberi Mining Lease is a key step towards unlocking the Sulphide Ore Reserves at Simberi and expanding gold production to over 200,000 ounces per annum.”

Kind regards
rcw1

Good afternoon,
SBM is a stock rcw1 has nominated for the yearly competition...

Announcement today (30/07/25) unaudited 1/4erly to 30 June 2025...

Simberi Project Development
• Completion of the Simberi Expansion Project Feasibility Study remains on track for Q2 FY26, includingpreparation of designs and management plans in compliance with the environmental permit.
• The Papua New Guinea Mining Advisory Committee recommendation to the PNG Minister of Mining for early renewal of the Simberi Mining Lease (Simberi ML) is understood to be imminent.
• Simberi Expansion Project Growth Capital spending in Q4 FY25 was A$13 million (bringing the FY25 total to A$50 million) driven by pre-expansion growth projects including the camp capacity expansion, 5.8MW ball mill procurement, geotechnical drilling, detailed design of the haul road and infrastructure and mobile fleet expansion.

Atlantic Gold Projects
• Separation of the Nova Scotia operations is moving forward with the Company continuing to assess options ahead of Simberi’s FID. Potential divestment will be weighed against alternative separation options in Q1 FY26.
• Positive results of the 15-Mile Processing Hub Concept Study were announced on 29 May 2025, with thePrefeasibility Study on the 15-Mile Processing Hub progressing towards completion in Q3 FY26.

Operating Performance
• Strong safety performance continued with Total Recordable Injury Frequency Rate reduced from 1.7 at the end ofQ3 FY25 to 1.1 at the end of Q4 FY25.
• Q4 gold production from Simberi was 14,620 ounces (up 4% on Q3) with an All-In Sustaining Cost (AISC) ofA$4,613 per ounce.
• Contribution from operations for the quarter was A$16 million (before sustaining capital of A$1 million).
• FY25 gold production from Simberi was 51,168 ounces (in line with revised guidance of 50,000 to 52,000 ounces) at AISC of A$4,582 per ounce (in line with revised guidance of A$4,400/oz to A$4,700/oz).

Financial Strength
• Total cash, bullion and listed investments of A$186 million as at 30 June 2025 (including A$89 million of restricted cash), with no bank debt and no hedging.
• Gold sales for Q4 FY25 totalled 15,564 ounces at an average realised price of A$5,117 per ounce. Sales included853 ounces from ongoing decommissioning of the Touquoy gold mine.

EDIT: 1/4erly now attached

Chart Update
Daily

Good afternoon
Chart Update:

Daily