STBMY - St Barbara Limited: Atlantic Outperformance Overshadowed By Weaker Grades At Gwalia
We've finally begun the Q2 Earnings Season for the Gold Miners Index (GDX), which means that we're finishing up FY2020 for the majority of the Australian gold producers that are two quarters ahead. St Barbara Limited (STBMY) is one of the most recent names to report its earnings, and the company had a disappointing year, with production guidance missing the midpoint by nearly 10%. This lower production contributed to a substantial increase in costs from A$1,036/oz to A$1,369/oz, with St Barbara falling from a rank among the lowest-cost gold producers to