gold miner StBarbaraLtd is targeting more cost savings over the next two years mining resources inflation labour Australia
PERTH – Gold miner St Barbara is targeting a slew of cost-saving initiatives between now and 2024.
The company also announced a corporate restructure that would see its Melbourne office close in the coming months.The miner said at the time that the significant cost inflationary pressures currently being experienced in the global project construction market, together with some project scope changes are resulting in a significant increase in the capital cost estimate relative to that calculated in the feasibility study.
“Management's focus on Gwalia and the Leonora province plan is generating early rewards with expansion of mineral resources and ore reserves and our expanded footprint across the region. We continue to execute our Leonora province plan. “Our development of the Leonora province has provided invaluable insights that we are now applying in considering alternative pathways for scheduling our Atlantic province projects, together with plans to maintain production at the Touquoy mine.
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