0135 GMT - Macquarie now expects gold miner St Barbara to miss its annual production target. St Barbara continues to forecast output of 55,000-65,000 oz of gold at an all-in sustaining cost of A$3,900-A$4,200/oz. This is despite nine-months production of 36,500 oz, representing 61% of the annual goal at the midpoint. "Achieving the midpoint of 60,000 oz will require a 67% (or 9,400 oz) lift in quarter-over-quarter production to 23,400 oz," says Macquarie. That's a stretch, with the bank projecting annual production of 52,000 oz at an AISC of A$4,493/oz. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 05, 2025 21:35 ET (01:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.