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St Barbara Advises on Short Term Gold Price Protection to June 2018

01 Jun 2017  |  15:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Short term gold price protection to June 2018

St Barbara announced that the Company has entered into forward gold contracts to secure a reliable cash margin on an additional 50,000oz of Simberi's anticipated FY18 gold production. A total of 50,000oz of forward gold contracts are to be delivered in monthly instalments from July 2017 to June 2018 at a forward price of A$1,730/oz. With the forward gold contracts announced on 1 June 2017 and previously on 12 April 2017, a total of 100,000oz of Simberi's anticipated FY18 gold production is hedged. Simberi's year to date All-in Sustaining Cost for the nine months to Q3 March 2017 was A$1,210/oz.

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