St Barbara (SBM) Q3 2026 earnings summary

Executive summary

• Strategic investment by Lingbao Gold Group in the New Simberi Gold Project completed, with A$389 million cash received and FID approved for US$333 million expansion.

• Papua New Guinea government extended the Simberi Mining Lease to 2038.

• Touquoy Restart in Nova Scotia received regulatory approval, with recommencement of production targeted by end of 2026.

• 15-Mile Processing Hub Pre-Feasibility Study confirmed an 11+ year mine life and strong project economics.

• Company included in the ASX 300 index at the March rebalancing.

Financial highlights

• Q3 FY26 gold sales: 11,974 ounces at an average realised price of A$6,892/oz.

• As of 31 March 2026, cash, gold receivable, bullion, and listed investments totaled A$170 million (A$83 million restricted cash), rising to A$504 million after Lingbao transaction.

• Q3 operational cash flow from Simberi: A$13 million.

• Growth capital expenditure: A$25 million at Simberi, A$2 million at Nova Scotia projects.

• No debt or hedging; listed investments valued at A$23 million.

Outlook and guidance

• Fully funded for upcoming capital requirements for Touquoy Restart, New Simberi expansion, and 15-Mile Processing Hub.

• Attributable gold production forecast to rise from 48koz in FY27 to 200kozpa in FY31.

• Q4 Jun FY26 Simberi gold production guidance: 14,000–17,000 oz (St Barbara’s 40% share: 5,600–6,800 oz) at AISC A$4,100–A$4,500/oz.