St Barbara (SBM) Q4 2026 earnings summary

Executive summary

• Approved Final Investment Decision for Touquoy Restart and New Simberi Gold Project expansion, with construction and procurement progressing on schedule.

• 24% increase in Mineral Resources at Nova Scotia to 2.5 Moz Au, supporting future production growth.

• Strong operational performance at New Simberi, with production and cash flow exceeding guidance.

Financial highlights

• Attributable gold sales for Q4 June FY26 were 6,700 ounces at A$6,314/oz; additional 187 ounces sold from Touquoy recovery at A$6,572/oz.

• Cash balance at 30 June 2026 was A$475 million, with a further A$21 million in attributable cash and gold bullion at New Simberi and A$13 million in listed investments.

• New Simberi operational cash flow for Q4 was A$29 million (100% basis); growth capex A$22 million.

• No debt or hedging; fully funded for all major projects.

Outlook and guidance

• Touquoy Restart processing targeted for late 2026; 15-Mile Processing Hub FID expected mid-2027.

• 15-Mile Processing Hub to be funded from cash and operating cash flows from Touquoy and New Simberi.

• New Simberi expansion commissioning of ball mill in Q4 FY27 and flotation plant in Q4 FY28.