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SBM, ST BARBARA LIMITED
mullokintyre
post Posted: Feb 17 2021, 08:26 AM
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SBM half yearly out, slightly up net profit after tax, production improved, 4 cps dividend fully franked giving div yield of 5%.
Cash on hand now higher than outstanding debt.
Not bad, i'll take that.
Mick



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mullokintyre
post Posted: Jan 27 2021, 09:00 AM
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In Reply To: mullokintyre's post @ Sep 8 2020, 10:26 AM

SBM quarterly out today, full of improving news.
Production up to 90k ounces from last qtr at 73 k ounces.AISC down from 1711 to 1517.
Operational cash 83 mill versus 27mill lat quarter.
Cash in hand now higher than debt outstanding.
Full year production quidance will be in the top of the range.
The Building Brilliance improvement programs may be working, or it could be just plain luck.
Either way, happy to hold.
Mick



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mullokintyre
post Posted: Sep 8 2020, 10:26 AM
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In Reply To: mullokintyre's post @ Aug 24 2020, 10:31 AM

Fell today after going ex div.
Fancy having a share with dividends this year!
Divvvy was 0.034 cents, fell 06 cents, so I bought some more.
Mick



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mullokintyre
post Posted: Aug 24 2020, 10:31 AM
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SBM had a solid report, not spectacular.
Debt reduction post report was good.
tlantic gold purchase looks like it will pay off. NPAT down, cash earnings up, dividend maintained.
Biggest worry is the continuing decline in production from Leonora.
They may need to spend some more on exploration.
Mick



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nipper
post Posted: Jul 30 2020, 02:54 PM
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In Reply To: mullokintyre's post @ Jul 30 2020, 01:02 PM

Sons of Gwalia certainly plumbed the depths, for me.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

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mullokintyre
post Posted: Jul 30 2020, 01:02 PM
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SBM has hit the big time media wise.
ABC has a story about the Sons of Gwalia not being the deepest gold mine in OZ.

From ABC NEWS

QUOTE
A $100 million expansion of Australia's deepest gold mine is nearing completion, as the precious metal continues to trade at record levels.

Key points:
The Gwalia mine was originally established in 1897 by Herbert Hoover, who later became the 31st President of the United States.
St Barbara restarted mining at Gwalia in 2008 and has produced more than two million ounces of gold
Mining at Gwalia is planned to reach a depth of 2,300 metres below the surface by 2031
The project to extend the life of the Gwalia underground mine in Western Australia's northern Goldfields has been ongoing since 2017.

Kilometres of new ventilation have been installed by sinking large new shafts to send chilled air from the surface to the miners working below.

Craig Jetson, managing director of Melbourne-based gold miner St Barbara, said the final ventilation shaft should be completed next month.

The shaft has reached a depth of 480 metres and has another 37 metres to go.

Mr Jetson said the investment in Gwalia's future would more than pay for itself over the next decade.

"We will certainly look to have very, very strong margins for a long period of time and a stable operation," Mr Jetson told analysts and media while unveiling the miner's quarterly results.

Hopefully that final shaft will give the stock a boost.
Mick



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mullokintyre
post Posted: Jul 7 2020, 09:55 AM
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In Reply To: mullokintyre's post @ Apr 28 2020, 09:34 AM

Full year production of 382 mill ounces right in the middle of previous estimate range. and thw AISC also in the middle of estimates range.
Good result. Be interesting to see what next years guidance will look like.
Most interesting part is the net cash of $86mill, and a closing year balance of $406 mill.
Thats a fair sized warchest, and with gold still performing strongly, will get even bigger.
Wonder what they have in store for all that mullah.
Still bedding down Atlantic gold purchase, so maybe need to hang loose unless something compelling comes up.
Expect gold stocks to get some real momentum at this rate.
Mick



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mullokintyre
post Posted: Apr 28 2020, 09:34 AM
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3rd quarter out, still on track for 370 to 400k ounces for full year.
Given the average gold sale price is now above 2100, profits should be pretty good.
Atlantic gold has been a very nice acquisition.
AISC is in very low 900's makes it very profitable with gold still above AUD2600 an ounce.
Will keep holding at this rate.
Mick



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mullokintyre
post Posted: Apr 1 2020, 11:52 AM
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sBM have joined the list of gold miners who say that the CV lockdowns etc have not materially impacted operatioms/production.
Of course that may change, particularly in PNG , as flights in and out are suspended.
Waiting.
Mick



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mullokintyre
post Posted: Mar 2 2020, 08:42 AM
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In Reply To: mullokintyre's post @ Feb 19 2020, 08:45 AM

The reserves and resources upgrade after the drilling program will struggle make any difference.
Modest increase in both, but in this climate, you could strike a pure gold reef and still trashed.
Mick



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