EXPLORATION & DEVELOPMENT

St Barbara slumps after deferring Leonora projects

SHARES in St Barbara have crashed to a seven-year low after the company said Western Australia’s tight labour market had resulted in underperformance at Gwalia and the deferral of key projects in the Leonora province.

St Barbara's Gwalia operation in Leonora

St Barbara's Gwalia operation in Leonora

Group September quarter production was 63,700 ounces of gold at all-in sustaining costs of A$2490 an ounce, much weaker than the June quarter result of 86,000oz at $2007/oz. The main driver of the underperformance...

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