St Barbara Starts Touquoy Ore Processing, Sets FY27 Guidance

St Barbara (ASX:SBM) reported that ore processing started at the Touquoy Restart Project in Nova Scotia on 3 November 2026, as planned, and used the milestone to issue FY27 guidance for its Nova Scotia business.

The company expects ore processing to ramp up to full capacity by the end of December 2026, with first production of gold dore in January 2027. Feed is low and medium grade stockpile material. FY27 Touquoy Restart gold production is guided at 17,000 to 21,000 ounces, at All-in Sustaining Costs of A$2,070 to A$2,560 per ounce (C$1,945 to C$2,403 per ounce at an AUD/CAD exchange rate of 0.94). Growth capital expenditure for the Touquoy Restart Project and the 15-Mile Processing Hub Project is guided at A$40 to A$50 million, subject to the permitting timetable, split A$10 to A$15 million and A$30 to A$35 million respectively. Touquoy reclamation costs are guided at A$24 to A$30 million, and exploration expenditure at A$6 to A$7 million, which may increase once diamond drilling capacity for the Old Austen Down-Plunge and 15-Mile Mineral Resources is determined.

St Barbara does not expect the release of reclamation bond monies in FY27, because completed works must be inspected and signed off first. Production and cost guidance is given for the Touquoy Restart only.