FINWIRES · TerminalLIVE
FINWIRES

ASX:SBM

18 stories mentioning ASX:SBMUpdated 4d ago

Every FINWIRES story that references ASX:SBM, newest first.

What's the latest news on ASX:SBM?

Asia

Hong Kong Stocks Fall as Oil Prices Stay Elevated; Lingbao Gold Falls on St Barbara Deal

Hong Kong stocks closed lower Thursday as elevated oil prices weighed on sentiment, with investors cautious ahead of U.S. inflation data.The Hang Seng Index fell 320.49 points, or 1.3%, to close at 24,954.47, while the Hang Seng China Enterprises Index lost 94.27 points, or 1.1%, to finish at 8,274.78Brent crude held above $100 a barrel after surging past the threshold Wednesday for the first time since July, as escalating attacks on shipping in the Middle East raised concerns over energy supplies and inflation.Investors are also awaiting U.S. producer and consumer inflation data due Thursday and Friday for clues on the Federal Reserve's policy path.Markets are pricing in about a 60% chance of a rate hike at the Fed's Sept. 15-16 meeting.In corporate news, Lingbao Gold (HKG:3330) closed over 3% lower after agreeing to acquire the 50%-1 share in Tabar Islands Holdings held by St Barbara (ASX:SBM) for AU$410 million.

Hang SengASX:SBMHKG:3330
Asia

Australian Shares Fall; St Barbara to Sell Remaining Interest in Papua New Guinea Project

Australian shares fell on Thursday, as oil prices surged into triple digits in the wake of the escalating Middle East conflict.The S&P/ASX 200 Index declined 1.03%, or 92 points, to close at 8,819.40.Overnight on Wall Street, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.6%, and 0.8%, respectively.Brent crude oil futures ​jumped to trade around $101 per barrel. US President Donald Trump said he expected the conflict with Iran to end immediately after the US midterm elections in November. There was also an ​escalation in the conflict between Saudi Arabia and the Iran-aligned Houthis in Yemen.Three-month copper futures on the London Metal Exchange rose to $14,858.50 per metric tonne, setting a new record. The copper futures set a fresh record in each of the previous three sessions.On the domestic front, the Australian government released the Domestic Gas Reservation Bill 2026 for consultation, establishing Australia's first national domestic gas reservation scheme requiring gas exporters to supply a portion of their production to the domestic market and proposing reserving up to 20% of gas exports for domestic use.Australia's consumer inflation expectations were unchanged at 4.9% in September, following a period of moderation between May and July, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.In company news, St Barbara (ASX:SBM) agreed to sell its remaining interest in the New Simberi project in Papua New Guinea to China-based Lingbao Gold Group for AU$410 million in cash, along with additional cash repayments and royalties.GrainCorp (ASX:GNC) cut about 80 positions following a review of its agribusiness operating model, which identified opportunities to reduce duplication across the company's integrated East Coast of Australia network and corporate support functions.Lastly, Eagers Automotive (ASX:APE) entered into a non-binding agreement to acquire a 50% interest in the automotive retail firm Zagame Automotive Group.

ASX 200ASX:APEASX:GNCASX:SBM
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Thursday.St Barbara Limited (ASX:SBM): +15%, AU$0.84Sunrise Energy Metals (ASX:SRL): +8%, AU$22.05PDI Gold Limited (ASX:PDI): +7%, AU$4.67PT Antam (Persero) Tbk (ASX:ATM): +7%, AU$0.98Ora Banda Mining (ASX:OBM): +5%, AU$1.59Southern Cross Gold (ASX:SX2): +5%, AU$12.73West African Resources (ASX:WAF): +3%, AU$3.90Eagers Automotive (ASX:APE): +4%, AU$20.52Megaport Limited (ASX:MP1): +4%, AU$18.40Karoon Energy (ASX:KAR): +3%, AU$1.84

ASX 200ASX:APEASX:ATMASX:KARASX:MP1ASX:OBMASX:PDIASX:SBMASX:SRLASX:SX2ASX:WAF
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Thursday.St Barbara (ASX:SBM): 33.6 million sharesLiontown Resources (ASX:LTR): 21.1 million sharesEQ Resources (ASX:EQR): 10.8 million sharesArafura Rare Earths (ASX:ARU): 10.7 million sharesCleanaway Waste Management (ASX:CWY): 10.6 million shares

ASX 200ASX:ARUASX:CWYASX:EQRASX:LTRASX:SBM
Asia

Update: St Barbara to Sell Remaining Interest in Papua New Guinea Project, Shares Up 16%

(Update to add stock movement in the headline and the fifth paragraph.)St Barbara (ASX:SBM) agreed to sell its remaining interest in the New Simberi project in Papua New Guinea to China-based Lingbao Gold Group for AU$410 million in cash, along with additional cash repayments and royalties, according to a Thursday filing with the Australian bourse.The company will receive AU$43 million in cash repayment representing its share of construction capital for the project between April and the signing of the agreement, with Lingbao to also fund future capital requirements until completion, the filing said.Additionally, the company will receive a 2.8% net smelter return royalty on future gold and silver production, and a 1.5% net smelter return royalty on future minerals production from the Tabar Island Group exploration licenses.The transaction is expected to be finalized in the March quarter of 2027, per the filing.Its shares jumped 16% in recent trading on Thursday.

ASX:SBM
Asia

Lingbao Gold Buys Out St Barbara's Stake in Simberi Project

Lingbao Gold (HKG:3330) agreed to acquire the 50%-1 share in Tabar Islands Holdings held by St Barbara (ASX:SBM) for AU$410 million, according to a Thursday Hong Kong bourse filing.The target owns the Simberi gold mine in Papua New Guinea and two exploration licenses.The acquisition will give Lingbao Gold full ownership, subject to regulatory approvals.Lingbao expects Simberi's sulphide expansion to begin production from 2028, with annual output exceeding 200,000 ounces.About 60%-70% of the consideration will be financed through domestic bank loans, with the remainder funded by Lingbao's own capital.

ASX:SBMHKG:3330
Asia

St Barbara to Sell Remaining Interest in Papua New Guinea Project

St Barbara (ASX:SBM) agreed to sell its remaining interest in the New Simberi project in Papua New Guinea to China-based Lingbao Gold Group for AU$410 million in cash along with additional cash repayments and royalties, according to a Thursday filing with the Australian bourse.The company will receive AU$43 million in cash repayment representing its share of construction capital for the project between April and signing of the agreement, with Lingbao to also fund future capital requirements until completion, the filing said.Additionally, the company will receive a 2.8% net smelter return royalty on future gold and silver production, and a 1.5% net smelter return royalty on future minerals production from the Tabar Island Group exploration licenses.The transaction is expected to be finalized in the March quarter of 2027, per the filing.

ASX:SBM
Asia

St Barbara Logs Earnings in Fiscal 2026, Revenue Down

St Barbara (ASX:SBM) logged AU$0.3881 in earnings per share for fiscal 2026, compared with a loss of AU$0.0969 a year ago, a Friday filing showed.For the 12 months ended June 30, revenue was AU$3.6 million versus AU$15 million previously, the Australia-listed gold miner added.The board declared a final dividend of AU$0.05 per share, payable Oct. 16 to shareholders on record as of Sept. 24.

ASX:SBM
Asia

St Barbara Increases Nova Scotia Exploration Spend 64% in Fiscal 2027

St Barbara (ASX:SBM) accelerated the exploration spend for its Nova Scotia operations in Canada, with a 64% increase to AU$4.1 million in fiscal 2027 from AU$2.5 million in fiscal 2026, according to a Wednesday Australian bourse filing.The company said the exploration team has doubled in size with a further expansion and increased program anticipated for fiscal 2028. Key work programs include reverse circulation and interface reverse circulation drilling of up to 105 holes for 4,400 meters testing between five and seven targets.Deposit and near-mine geophysical surveys and structural studies are also planned to advance drill targeting in the brownfield environment, the filing added.

ASX:SBM
Asia

St Barbara Posts Higher Q4 Gold Production, Sales

St Barbara (ASX:SBM) said fourth quarter gold production from its New Simberi Operations was 14,658 ounces at an all-in sustaining cost (AISC) of AU$4,514 per ounce, according to a Thursday Australian bourse filing.The company said New Simberi sales for the fourth quarter totalled 13,399 ounces at an average realised price of AU$6,314 per ounce, with St Barbara's attributable gold sales of 6,700 ounces, and a further 187 ounces sold at AU$6,572 per ounce from gold recovery work at the Touquoy processing plant.In the same period last year, the company reported 14,620 ounces of gold production at an AISC of AU$4,613 per ounce with sales of 15,564 ounces at an average realised price of AU$5,117 per ounce, an earlier filing showed.St Barbara's cash balance as at June 30 was AU$475 million, with attributable cash and gold bullion across New Simberi Gold Group a further AU$21 million and listed investments of AU$13 million, it added.

ASX:SBM
Asia

St Barbara Posts 20% Rise in Processing Hub Project MRE

St Barbara's (ASX:SBM) 15-Mile Processing Hub project' mineral resources estimate (MRE) rose 20% to 62.4 million tonnes at 1.2 grams per tonne (g/t) grade of gold containing 2.5 million ounces in July from 59.4 million tonnes at 1.1 g/t grade of gold containing 2 million ounces in December 2025, according to a Tuesday filing with the Australian bourse.The upgrade brings the company's group MRE to 5.4 million ounces, the filing said.The ore reserves estimate for the project will be updated following an updated pre-feasibility study, expected to be finalized by the end of the first quarter of fiscal year 2027.The updated MRE will be incorporated into the feasibility study slated for the fourth quarter of fiscal year 2027, per the filing.

ASX:SBM
Asia

St Barbara Produces Nearly 15,000 Ounces of Gold at Papua New Guinea Project in June

St Barbara (ASX:SBM) produced 14,658 ounces of gold at the New Simberi Gold project in Papua New Guinea in the June quarter, according to a Monday filing with the Australian bourse.Gold sales totaled 13,399 ounces at a realized gold price of AU$6,314 per ounce, the filing said.Gold production was 14,620 ounces in the same period last year, with gold sales totaling 15,564 ounces at an average sale price of AU$5,117 per ounce, a separate filing said.Fiscal year gold production totaled 48,395 ounces, while gold sales totaled 47,280 ounces at a realized gold price of AU$6,232 per ounce, per the filing.Shares rose more than 1% in morning trade Monday.

ASX:SBM
Asia

St Barbara's Initial Project Description for Canada Processing Hub Passes Conformity Review

St Barbara's (ASX:SBM) initial project description for the 15-Mile processing hub project in Canada passed the conformity review stage, according to a Friday filing with the Australian bourse.The initial project description will undergo public comment, followed by a review and response period for issues, before deciding on the permitting pathway, the filing said.Additionally, the company continues to undertake studies to align with a planned submission of the provincial environmental assessment registration document in the third quarter of fiscal year 2027 and other associated permits, per the filing.Shares fell 2% in morning trade on Friday.

ASX:SBM
Asia

St Barbara Posts Higher Fiscal Q3 Gold Sales

St Barbara (ASX:SBM) said gold sales for the third quarter of fiscal 2026 totaled 11,974 ounces at an average realized price of AU$6,892 per ounce, according to a Wednesday Australian bourse filing.The company's gold sales for the third quarter of fiscal 2025 totaled 11,643 ounces at an average realized price of AU$4,548 per ounce, an earlier filing showed.The company said it held cash and bullion of AU$504 million as of April 2, excluding its attributable share of cash and bullion held by the jointly owned Simberi entities, the filing added.St Barbara said it is fully funded to meet upcoming capital requirements for the Touquoy restart, the expansion of the New Simberi Gold Project, and the development of the 15-Mile Processing Hub using cash on hand and forecast operating cash flow.

ASX:SBM
Asia

St Barbara Approves Final Investment Decision for Canada Operation Restart

St Barbara (ASX:SBM) approved the final investment decision to proceed with the Touquoy operation restart after receiving approval of amendments to the Industrial Approval permit conditions received from the Nova Scotia Department of Environment and Climate Change, according to a Friday Australian bourse filing.The firm's units signed two major contracts with Alva Construction and MacGregor's Industrial to provide support services for the reopening and processing period of the Touquoy operation.It anticipates that Touquoy will be in a position to restart ore processing by the end of the year.

ASX:SBM
Asia

St Barbara Upgrades Annual Gold Production Outlook

St Barbara (ASX:SBM) upgraded its gold production outlook to 200,000 ounces per year, with a compound annual growth rate of 59%, rising to 191,000 ounces in fiscal 2030 from 48,000 ounces in fiscal 2027, according to a Monday filing with the Australian bourse.The New Simberi gold project's attributable gold production is set to rise to about 100,000 ounces per year at an anticipated life-of-mine (LOM) average all-in sustaining cost (AISC) of $1,336 per ounce, the filing said.Meanwhile, the 15-Mile processing hub project average gold production is expected to exceed 100,000 ounces per year at an anticipated LOM average AISC of $1,188 per ounce, per the filing.

ASX:SBM
Asia

St Barbara Posts Higher Gold Production in March Quarter; Shares Down 3%

St Barbara (ASX:SBM) posted Simberi gold production of 13,522 ounces during the March quarter, with sales totaling 11,974 ounces at an average sale price of AU$6,892 per ounce, according to a Monday filing with the Australian bourse.Gold production was 14,053 ounces with an all-in sustaining cost (AISC) of AU$4,169 per ounce in the March 2025 quarter, an earlier filing showed.The company expects gold production to range from 14,000 to 17,000 ounces for the New Simberi gold project in the June quarter, with its 40% attributable share of gold production anticipated to be between 5,600 and 6,800 ounces, with a corresponding AISC ranging from AU$4,100 to AU$4,500 per ounce, per the filing.Shares fell 3% in morning trade on Monday.

ASX:SBM
Asia

St Barbara Receives Approval to Industrial Permit Changes for Canada Mine Restart

St Barbara (ASX:SBM) received approval of amendments to the industrial approval permit conditions to resume operations at the Touquoy mine from the Nova Scotia Department of Environment and Climate Change in Canada, according to a Monday filing with the Australian bourse.Operating cash flow from the restart is anticipated to be CA$118 million at $4,000 per ounce over 13 months with gold production of 38,000 ounces from 3 million tonnes of stockpiles grading 0.4 grams per tonne, the filing said.The company expects Touquoy to resume ore processing by the end of the year, the filing said.

ASX:SBM

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:SBM in your portfolio
WheelAI
WheelAI
Analyze ASX:SBM options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:SBM