Stocks of the Hour: Lake Resources N.L, Genex Power, St Barbara
A snapshot of the stocks on the move, featuring Lake Resources N.L. (ASX:LKE; OTC:LLKKF), Genex Power Limited (ASX:GNX) and St Barbara (ASX:SBM).
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St Barbara Limited
St Barbara’s assets include the Leonora Operations in Western Australia, the Simberi Operations in Papua New Guinea, and the Atlantic Gold Operations in Nova Scotia, Canada.
As at 30 June 2019 St Barbara had Mineral Resources of approximately 12 million ounces of contained gold including Ore Reserves of 5.9 million ounces of contained gold, as well as an extensive landholding comprising granted tenements and tenement applications in Australia, Papua New Guinea and Canada.
The Leonora Operations include the Gwalia 1.2 Mtpa processing plant and the Gwalia Underground mine, as well as nearby development opportunities. St Barbara’s Gwalia mine was commissioned in October 2008 and is the cornerstone asset for St Barbara with an indicative mine life to FY 2031 and high grade mineralisation below the current reserves.
The Simberi mine is on Simberi Island in Papua New Guinea and started production in February 2008. In 2013-2014 the plant was expanded with installation of a SAG mill increasing production capacity to over 100,000 ounces per annum. The Simberi mine is a significant contributor to PNG’s economy and its community, with significant further exploration potential around the mine.
The Atlantic Gold operation in Nova Scotia, Canada, was acquired by St Barbara in July 2019. The open pit mine commenced commercial production in 2018. With three additional planned pits nearby, the Atlantic Gold operation has an estimated mine life to 2030, with strong exploration potential in the region.
A publicly listed company, St Barbara is listed on the Australian Stock Exchange (ASX:SBM).
Spotlight Videos
Stocks of the Hour: Lake Resources N.L, Genex Power, St Barbara
A snapshot of the stocks on the move, featuring Lake Resources N.L. (ASX:LKE; OTC:LLKKF), Genex Power Limited (ASX:GNX) and St Barbara (ASX:SBM).
WATCH VIDEOAll St Barbara Limited Content
News
Genesis Minerals expands its horizons with new gold mining prospects in the US
Just over two months after completing its purchase of the Leonora gold mining assets of St Barbara (ASX:SBM), Genesis Minerals (ASX:GMD) has taken its rebirth story to the US.
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Golden showdown: St Barbara’s cash pile attracts predators in the resources sector
13 Jul 2023 - St Barbara (ASX:SBM) looks like a very attractive cash pile that could be snapped up by any one of a handful of predators in the WA resources sector in the wake of the reshuffle of its Leonora gold mining assets with Genesis Minerals.
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St Barbara (ASX:SBM) to choose between proposals
Tesla's record 13-day streak of gains came to an end on Wednesday, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune.
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Fun and Games at the Silver Lake
The Silver Lake-St. Barbara Mines dance continues, with all sorts of shenanigans going on at both ends and no resolution in sight.
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Analyst Views
SBM – Macquarie rates the stock as Outperform
Target price rises 10% to $1.10. Rating upgraded to Outperform from Neutral.
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SBM – Macquarie rates the stock as Outperform
The broker resumes coverage with an Outperform rating and a target price of $1.53.
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SBM – Credit Suisse rates the stock as Outperform
Credit Suisse expects gold to continue its upward trajectory and average US$2100/oz in 2021. The broker retains an Outperform rating and reduces the target to $3.30 from $4.40.
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SBM – Credit Suisse rates the stock as Outperform
September quarter production was solid and in line with budget, Credit Suisse observes. FY21 forecasts for 370-410,000 ounces are unchanged.
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SBM – Credit Suisse rates the stock as Outperform
FY21 guidance is for production of 370-410,000 ounces. The guidance for Gwalia as softer than Credit Suisse had expected but is not critical to the outlook or future capability.
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