St. 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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St Barbara (ASX:SBM) is an Australian Small Cap gold producer and explorer.

SBM’s primary assets are its Southern Cross and Leonora operations, both of which are located in Western Australia. The company purchased the Gwalia (WA) mine in 2005, which has now become its main focus.

St Barbara today announced it has established an on-market share buy-back facility to repurchase up to a maximum of 15 million of its ordinary shares.

The buy-back will be conducted over a six month period.

The company stated the buy-back facility will enable it to apply its strong balance sheet and cash position to consolidate the company’s capital base for the benefit of shareholders.

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St Barbara (SBM) is an Australian gold producer and explorer.

SBM’s primary assets are its Southern Cross and Leonora operations, both of which are located in Western Australia. The company also purchased the Gwalia (WA) mine in 2005, which has become a main focus.

On 13 May, SBM made a takeover offer for Catalpa Resources (CAH).

The part scrip/part cash offer valued CAH at $349 million ($1.92 per share), representing a 41% premium to CAH’s closing price on 10 May.

CAH advised its shareholders to take no action but did signal that it believed St Barbara was opportunistically trying to take advantage of its weak share price.

Nevertheless, CAH advised that it will hold further talks with SBM in the coming weeks.

CAH was one of the market’s hot stocks on the day, surging more than 20%.

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