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Record production at St Barbara assets

14th January 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold miner St Barbara has reported strong quarterly output from its operating mines, with the miner telling shareholders on Wednesday that the Leonora project, in Western Australia, had delivered a record production during the three months to December.

The Leonora operations delivered 80 622 oz of gold during the quarter, with the Gwalia mine delivering 68 589 oz of the production and the King of the Hills mine the remaining 12 033 oz.

The miner noted that the quarterly production from the Leonora operations was an all-time record, and more than recovered the ounces which were deferred in the September quarter, as a result of a mill shutdown.

Meanwhile, the Simberi mine, in Papua New Guinea, also delivered the highest monthly and quarterly production for the company. Simberi produced 6 816 oz of gold during the month of December, and 17 295 oz during the period ended December.

St Barbara said that the Simberi production in December indicated the benefit of having a semiautogenous grinding mill and ball mill running in parallel, resulting in the first month of positive net cash flow since the project was acquired.

Production from the Gold Ridge mine remained suspended.

St Barbara was expected to report its full quarterly production results before the end of the month.

Edited by Creamer Media Reporter

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