News Articles for St Barbara

Gold miner St Barbara has taken a 9.5 per cent stake in junior explorer Peel Mining for $3.3 million, with the funds to be put towards development of Peel's copper-gold deposits in NSW.

Gold miner St Barbara has approved a major extension of its Gwalia operations, which will extend the historic mine to a depth of 2,000 metres below surface over the next seven years.

The United States Associated Press has called the presidential election for Republican candidate Donald Trump, after he won swing states Ohio and Florida and pulled bricks out of Hillary Clinton's rust belt blue wall, pushing WA gold stocks well up and causing volatility across financial markets.

Saracen Mineral Holdings managing director Raleigh Finlayson has told today's WA Mining Club lunch that local mid-tier gold miners had squandered a share price premium during the boom years, but had since built up a strong case to trade at above underlying value.

Interest from North American pension funds could help drive continued strength in the gold sector, although tax competitiveness and policy stability will be important, according to industry leaders.

SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.

SPECIAL REPORT: Some of Western Australia's biggest gold miners plan to boost their exploration spend in the coming year, with Saracen Mineral Holdings and Northern Star Resources among those committed to putting increasing amounts ‘into the ground'.

Gold's rising stocks and role in the post-boom recovery will make this year's Diggers & Dealers the most promising for many years.

Power generation company Pacific Energy has won an eight-year contract extension to continue providing services at St Barbara's Gwalia gold mine in Leonora.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

Veteran mining executive Tim Netscher will soon take on the role of chairman at aspiring gold miner Gold Road Resources, while Ian Murray will transition to managing director.

The Australian dollar gold price hit an all-time record of $1,826 an ounce today after Britain elected to leave the European Union, with shares in local gold miners rallying strongly even though the broader stock market tumbled more than 3 per cent.

London's FTSE100 index crashed more than 7 per cent in the first few minutes after markets opened around 4pm AEST, as voters in the UK elected to leave the European Union by a 52-48 margin, prompting Prime Minister David Cameron to flag his resignation.

Local gold miners Saracen Mineral Holdings, Silver Lake Resources and St Barbara reported a profitable six months, however shareholders won't be seeing any returns in the form of dividends.

Veteran mining executive Tim Netscher will be hoping his golden run continues when he takes the reins as chairman of uranium play Toro Energy this week.

Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.

Shipbuilder Austal has shone in the quarterly rebalance of the S&P/ASX indices, while many local miners and contractors have lost their status.

Three fast-growing gold miners have undertaken further expansion moves in Western Australia, with Evolution Mining announcing its intention to make a takeover offer for Phoenix Gold.

Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.

There is no prize for guessing that iron ore companies have plunged to the bottom of the resources component of this year's TSR survey; but what is interesting is the rise of uranium hopefuls, despite few signs of an imminent increase in the uranium price.

Former Gindalbie Metals managing director Tim Netscher is set to take the helm of gold miner St Barbara, when Colin Wise retires from the role as non-executive chairman next month.

Shares in gold and copper explorer Frontier Resources doubled on news it will acquire an 80 per cent stake in the Gold Ridge mine in Guadalcanal, previously operated by St Barbara.

Board changes

An innovative escape system for underground mines is just the beginning for resources sector entrepreneur Steve Durkin.

Melbourne-based gold miner St Barbara has announced plans to appoint former Gindalbie Metals managing director Tim Netscher as chairman, as part of its ongoing board renewal.

Gold miner St Barbara might sell its Gold Ridge operations in the Solomon Islands, where production has been suspended since 3 April due to Tropical Cyclone Ita's torrential rain and flooding.

Western Australia's gold producers continue to suffer at the hands of a strengthening Australian dollar, with more job losses revealed across the sector last week.

Former Rio Tinto executive Bob Vassie has today been announced as the incoming managing director of ASX-listed gold miner St Barbara.

Mining contractor Byrnecut has been awarded a $200 million contract for underground mining at Sandfire Resources' DeGrussa copper-gold mine near Meekatharra.

There are now more than double the amount of women on Australia's top corporate boards than four years ago.

Tim Netscher has been appointed to the board of Melbourne-based gold miner St Barbara as an independent non-executive director.

Western Australia's gold sector is rallying against a potential increase in royalty rates, saying such a move would significantly hurt country towns as well as local producers of the precious metal.

After a grim six months, Western Australia's gold mining sector is showing signs of flickering back to life.

Shares in St Barbara dropped heavily on the ASX today after the gold miner said its Pacific operations did not reach production targets for financial year 2013.

Middle Eastern minerals explorer Alara Resources has appointed non-executive director Philip Hopkins as managing director, to replace Shanker Madan, who remains as a non-executive director.

Gold miner St Barbara has slumped to a net profit of $2.5 million for the six months to December 31, driven down by its acquisition of the Gold Ridge and Simberi mines in Papua New Guinea during th

Gold miner St Barbara has sold its mothballed Southern Cross mining operation in WA to a Chinese company for $22.5 million in cash, as a Malaga-based company profits from the deal.

Gold miner St Barbara has announced a 90 per cent increase in net profit, on the back of increased gold production and higher gold prices.

Silver Lake Resources and Regis Resources are in the vanguard of a revival in the state's gold industry.