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St Barbara Provides Production Update Q4 June 2017

05 Jul 2017  |  09:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Production Update Q4 June 2017

St Barbara provided the following production update for the final quarter and full year 2017. Gwalia produced 265,057oz of gold in FY2017, at the upper end of FY2017 guidance of 260,000 to 265,000oz. The result reflects consistently performance over the year. During the final quarter, Gwalia produced 62,098oz, 4% below the previous quarter due to lower mined grade. Average mined grade in Q4 was 9.2 g/t Au which is in line with previously advised expectations for the quarter. Total cash at bank was A$161m at 30 June 2017 (31 March 2017: A$99m). As previously announced, the Company has a total of 100,000oz of forward gold contracts (50,000oz at A$1,725/oz and 50,000oz at A$1,730/oz) to be delivered in monthly instalments between July 2017 and June 2018.

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