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.
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.
Victoria's St Barbara has appointed Macmahon Holdings as the new mining contractor for its Gwalia operations near Leonora under a $500 million agreement.
