Financial Wire

St Barbara Receives Approval to Industrial Permit Changes for Canada Mine Restart

-- St Barbara (ASX:SBM) received approval of amendments to the industrial approval permit conditions to resume operations at the Touquoy mine from the Nova Scotia Department of Environment and Climate Change in Canada, according to a Monday filing with the Australian bourse.

Operating cash flow from the restart is anticipated to be CA$118 million at $4,000 per ounce over 13 months with gold production of 38,000 ounces from 3 million tonnes of stockpiles grading 0.4 grams per tonne, the filing said.

The company expects Touquoy to resume ore processing by the end of the year, the filing said.

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