St Barbara Limited Decrease in production
Decrease in production: St Barbara Limited (ASX: SBM) reported for a decreased consolidated gold production of 95,346 ounces in the third quarter of 2017 as compared to 98,982 ounces in the second quarter. The consolidated All-In Sustaining Cost (AISC) improved to A$862 per ounce during the quarter from A$876 per ounce in the second quarter of 2017. The average realized gold price for the quarter improved to A$1,651 per ounce as compared to A$1,636 per ounce in the second quarter of 2017. However, SBM has revised the FY 17 guidance wherein their Gwalia (Leonora) gold production is now expected to be between 260,000 and 265,000 ounces from earlier forecast of 255,000 to 265,000 ounces at an AISC of between A$795 and A$815 per ounce (previously A$815 and A$850 per ounce). Simberi gold production is also expected to be between 105,000 and 110, 000 ounces as compared to the earlier forecast of 95,000 and 105,000 ounces at an AISC of between A$1,285 and A$1,330 per ounce against the earlier estimates of A$1,330 and A$1,490 per ounce.
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