The hedging has a price of A$1750 per oz.
Simberi is forecast to produce 115,000-125,000oz at all-in-sustaining-costs of between $1130 and $1230/oz, with the operation producing 133,208oz in calendar 2017 – including 36,674oz in the December quarter.
St Barbara already had 60,000oz hedged for Simberi for the first half of this year at $1728/oz.
St Barbara sold a total of 95,392oz from its operations in the December quarter at an average realised gold price of $1686/oz.
Total cash at bank at December 31, 2017 was $216.3 million, up from $199 million a quarter earlier and following an income tax payment of $31 million and further investments in Catalyst Metals and Peel Mining totalling $11.5 million.
Shares in St Barbara were down 2% to $3.62 in afternoon...