- ASX-listed gold miner St Barbara announced today that for the year ended 30 June 2023 , its total production was 260 koz of gold, down 7.5% year-on-year .
St Barbara reported statutory net loss after tax of A$429,199,000 for FY23 after recognizing an after-tax impairment write off in relation to the Atlantic and Simberi cash generating units of A$450,489,000 partially offset by an aftertax profit on sale of Leonora of A$60,713,000.
Managing Director and CEO Andrew Strelein commented, “Underlying FY23 financial performance reflects the company’s inability to achieve the level of improvement in underground ore extraction rates required to offset Gwalia’s declining mine grade while the headline loss was driven by impairment charges against the Atlantic and Simberi assets referred to in previous announcements at half-year and in the June quarterly report.
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