Gold Stocks News: St. Barbara Ltd (SBM)

Gold Stocks News: St. Barbara Ltd (SBM)|ASX SBM SharesSt. Barbara Ltd (ASX:SBM) is a gold exploration and production company.  The Company’s exploration projects include its Southern Cross and Leonora Operations which are located in Western Australia.

ASX Small Cap stock, St Barbara today released production figures for the fourth quarter revealing a production increase of 18% compared to the previous quarter.

The company said in a statement that the increase was due primarily to stronger milled volumes and the higher grade of ore mined.

SBM said exploration drilling will increase in the second half with the exploration budget set to increase by $6 million for the year to $22 million.

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