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ST BARBARA LIMITED — Earnings Release 2012
Jul 15, 2012
65749_rns_2012-07-15_870044bc-6c55-4edd-8329-1f80e0f89962.pdf
Earnings Release
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St Barbara Limited ACN 009 165 066
Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999 www.stbarbara.com.au
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June 2012 Quarter and FY12 Production Summary
St Barbara is pleased to report strong production performance for the June 2012 quarter, in particular at its Gwalia mine at Leonora, WA.
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Gold production for the June quarter was 98,816 ounces, a 15% increase on the previous quarter.
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Gold production for FY12 was 338,879 ounces, a 31% increase on FY11 and towards the upper end of published guidance for the year.
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Consolidated cash operating costs for FY12 were also within previously published guidance ranges for the year.
| FY12 | FY12 | FY12 | FY12 | FY12 | |
|---|---|---|---|---|---|
| Q1 Sept | Q2 Dec | Q3 Mar | Q4 Jun | Total | |
| Marvel Loch | 20,959 | 23,501 | 24,849 | 28,083 | 97,392 |
| King of the Hills | 9,343 | 14,107 | 17,110 | 16,393 | 56,953 |
| Gwalia | 40,306 | 46,007 | 43,881 | 54,340 | 184,534 |
| Total | 70,608 | 83,615 | 85,840 | 98,816 | 338,879 |
The Gwalia mine produced a record 54,340 ounces of gold for the June quarter, at a mined grade of 10.5 g/t Au and cash operating costs (subject to final accounting adjustments) of less than $600 per ounce. Based on the mine production schedule, production for the September 2012 quarter will be sourced from stopes with an average grade in excess of 8 g/t Au.
The cash balance increased by $48 million during the quarter to $185 million as at 30 June 2012, with an additional $4 million represented by gold in transit.
Further details will be provided in the June 2012 Quarterly Report scheduled for release on 19 July 2012.
Tim Lehany Managing Director & CEO 16 July 2012
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Consolidated Production Summary
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----- Start of picture text ----- Consolidated Gold Production FY12339258 97231571201227185109 131FY 10 FY 11 FY 12Gwalia King of the Hills Marvel LochkozFigures displayed to nearest thousand ounces.----- End of picture text -----
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