Denver Gold Group member
St Barbara Ltd.
- ASX: SBM
- Producer
- Gold
- Perth, Australia
Company profile
St Barbara Limited is an Australian based, ASX listed company (ASX: SBM) with gold mining operations on Simberi Island, Papua New Guinea and advanced gold projects in Nova Scotia, Canada. Attributable gold production in FY26 from New Simberi was 41,066 ounces at All-in Sustaining Costs of US$3,230 per ounce, from processing remnant oxide ore.
In April 2026, St Barbara completed the transaction with Lingbao Gold Group to sell 40% of the New Simberi Gold Project for A$389 million in cash. Concurrently a Final Investment Decision was made on the New Simberi Gold Project to expand the current operation to process sulphide ore and increase production to over 200kozpa at an average All-In Sustaining Cost (AISC) of US$1,250/oz over a 13 year mine life. Construction is underway with expansion growth capital is estimated at US$330 million (100% basis) and first gold production from the sulphide ore targeted for late calendar year 2027.
In Nova Scotia, St Barbara has received permits to reopen the Touquoy open pit mine and process the remaining low/medium grade stockpiles. The operation is expected to restart in late calendar year 2026 and produce 38koz over calendar year 2027 at an average AISC of US$1,598/oz. The next development stage in Nova Scotia is the 15-Mile Processing Hub with study results outlining production of over 100kozpa across an 11 year mine life at an average AISC of US$1,188/oz. In June 2026 the permitting process for the 15-Mile Processing Hub commenced, with a Final Investment Decision expected in mid 2027 and first production in mid 2029.
At Mining Forum Australia
A Denver Gold Group member company
Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.
Peer groupthe five most similar Denver Gold Group members, 1 = most similar
| Rank | Company | Stage | Minerals | Primary operations | Market cap | 2025 production | Reserves | Match by factor |
|---|---|---|---|---|---|---|---|---|
| This company | St Barbara Ltd.ASX: SBM | Producer | Gold | Papua New Guinea | $791M | 51.2 koz | 3.8 Moz | |
| 1 | Orezone GoldTSX: ORE | Producer | Gold | Canada | $1.4B | |||
| 2 | Hemlo MiningTSX: HMMC | Producer | Gold | Canada | $1.5B | 121 koz | 2.1 Moz | |
| 3 | Pantoro Gold LimitedASX: PNR | Producer | Gold, Silver | Australia | $749M | 85 koz | 0.9 Moz | |
| 4 | Catalyst MetalsASX: CYL | Producer | Gold | Australia | $1.2B | |||
| 5 | Caledonia MiningNYSE-Arca: CMCL | Producer | Gold | Zimbabwe | $466M |
close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.
Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.