News Articles for St Barbara

St Barbara has taken advantage of the recent gold fever to add an extra $58 million to its coffers for Simberi's expansion project.

St Barbara has met its lowered FY25 production target despite rainfall disruptions and ore grade challenges at its Simberi mine in Papua New Guinea.

The gold mine is now expected to generate between 32,500 and 42,500 ounces through June.

St Barbara shares fell sharply this morning, after the Perth headquartered goldminer revealed lower than expected production from its Simberi mine in Papua New Guinea.

Mid-tier gold miner St Barbara has announced plans to raise up to $110 million, as the company aims to fast-track development at its Simberi sulphide expansion project.

Cashed up St Barbara reported a statutory loss of $54 million last financial year, with its cost of production outweighing the average realised price of gold produced across its portfolio.

Perth-based goldminer St Barbara has made a tidy profit from the sale of its 5.5 per cent stake in Catalyst Metals for $25.2 million.

Gold miner St Barbara has the potential to produce an average of 230,000 ounces of gold per annum from the 2028 financial year, following the release of its Simberi expansion concept study.

A day after confirming its intention to acquire Linden Gold Alliance, Brightstar Resources has announced it will raise $12 million, primarily to develop its Menzies and Laverton gold projects.

Aurum Resources has appointed experienced African gold miner Caigen Wang as its new managing director as the company works-up the shallow, wide gold-bearing orebody at its Boundiali project in Côte d'Ivoire. Wang is no stranger to maturing African gold discoveries, taking Tietto Minerals from a market cap of about $30 million to nearly $700 million at its Abujar gold mine, also in Côte D'Ivoire.

Our board moves wrap includes Steve Bodon, Andrea Betti, Peter Schwann, Paul Weston, Jeff Swingler, Vincent Algar, Susan Park, Stephanie Majteles, Lip Sin Tee, Lip Jen Tee, Charles Pettit, Krista Bates, Nik Senapati, Jacqueline Murray, Nitin Tyagi, Trevor Benson, Jennifer Neild, Matthew Nixon, Mel Ashton, Robert Mosig, Stuart McKenzie, Joanna Kiernan, Peter Ruttledge, Peter Torre, Andrew Strelein, Dan Lougher, Sara Prendergast, Lucas Welsh, Shannon Coates, Joan Dabon, Jo-Ann Long, Cris Moreno, Francis Wedin, Gavin Rezos, and John Kenny.

Our weekly appointments wrap includes Stuart Smith, Hilary McKenna, Daymon Joseph, Catherine Bell, Andrew Strelein, Sara Prendergast, Nick Foulkes, and Briony Pole.

St Barbara will undergo top-level staff changes following the sale of its Leonora assets to Rayleigh Finlayson's Genesis Minerals.

St Barbara's board has told shareholders there is no material improvement in Silver Lake Resources' latest proposal to buy Gwalia and can't see a realistic pathway that it could become superior.

Silver Lake Resources has made another move to buy St Barbara's Gwalia operations, although the companies seemingly differ on whether it constitutes a new proposal.

St Barbara chair Kerry Gleeson has lambasted Silver Lake for demanding what she has called ‘a disruptive and unrealistic two-week due diligence exercise'.

The board of takeover target St Barbara is now deliberating another offer from Silver Lake Resources after Genesis Minerals sweetened its transaction proposal last week.

Genesis Minerals has improved its proposal to buy St Barbara's Leonora assets as the takeover target squashes talks with Silver Lake Resources.

Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready' to progress due diligence and move to a binding offer.

Silver Lake Resources has reaffirmed its disappointment in St Barbara's alleged lack of engagement on a competing proposal, despite the target shutting down any hopes of a merger last week.

St Barbara has backed in its call to accept a $640 million offer from Genesis Minerals despite Silver Lake Resources claiming the target declined to engage on a competing proposal.

St Barbara boss Dan Lougher says the goldminer's Leonora operations had another disappointing quarter as Genesis Minerals gears up to acquire the operation.

Genesis Minerals shares have risen sharply on the back of a revised deal to acquire St Barbara's Leonora assets without taking on the miner's Canadian and Papua New Guinea operations.

Genesis Minerals is understood to have locked in a new deal to buy St Barbara's Leonora assets for $600 million while removing risks tied to its earlier merger plan.

Shares in St Barbara and Genesis Minerals will remain in a trading halt until after the weekend as the companies negotiate new terms for their planned deal.

Genesis Minerals has been forced to resume negotiations with St Barbara as the asset at the heart of their planned merger battles a litany of costs and production problems.

Leonora centrepiece St Barbara has copped a big loss ahead of its merger with Genesis Minerals, as new miner Red 5 pushes its case as a “logical” processing hub for players in the prominent gold province.

Mark Pownall and Mark Beyer discuss Mark McGowan's cabinet reshuffle, Clough, gas shortages, Genesis Minerals and St Barbara, CBH Group, the year in markets, HealthEngine, Artrya and the SKA.

Senior journalist Matt Mckenzie talks about Business News' latest rich list and delves into what went into this year's edition.

Shares in St Barbara and Genesis Minerals have both risen strongly today in a rare example of both parties to a takeover deal gaining from the transaction.

Genesis Minerals boss Raleigh Finlayson has locked in another part of his ambition to consolidate the Leonora region after striking a deal to buy neighbouring gold company St Barbara.

Our board moves wrap includes Mark Eaton, Robert Dunne, Andrew Woskett, Dan Lougher, and Craig Jetson.

St Barbara shares have tanked after the gold miner told investors it was deferring processing plant upgrades at its star asset on the back of equipment and labour shortages.

Labour shortages and inflationary pressures have rocked even WA's biggest resources companies.

Red 5 is chasing $60 million from institutional investors to cover ramp-up costs for its new King of the Hills operation as consolidation talks with fellow Leonora miner St Barbara continue.

Keen to leave a rocky FY22 behind, St Barbara is leveraging its Leonora gold assets as central to any consolidation play in the region, as negotiations with Genesis Minerals continue.

Acute shortages of labour and accommodation are crimping growth in the Goldfields more than most parts of WA.

St Barbara shares have fallen more than 11 per cent in response to the gold producer's latest guidance update which foreshadowed improved output but higher costs.

Genesis boss Raleigh Finlayson could not be drawn to furnish details on a deal with St Barbara, but conceded the Leonora region was more open to consolidation than it once was.

Business News has tracked dramatic changes in the ranking of WA's largest goldminers over more than a decade.