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St Barbara hits record gold production, beats FY'18 guidance

St Barbara Ltd. said July 6 that it produced a record 119,436 ounces of gold in the fourth quarter of its fiscal 2018, up from 94,226 ounces it produced in the year-ago quarter.

Production from the Gwalia mine in Western Australia notched a record 84,537 ounces of gold in the quarter, while the Simberi mine in Papua New Guinea produced 34,899 gold ounces in the three-month period.

The company's gold production rose 6% to a record 403,089 ounces in the fiscal 2018, beating the full-year guidance of between 375,000 and 392,000 ounces.

The increase came on the back of record gold production at Gwalia and Simberi of 268,428 ounces and 134,661 ounces, respectively.