27 slides from St. Barbara's earnings presentation, Apr 27, 2015
Slide 1: Presentation on the March 2015 Quarterly Report and audio webcast
ASX Release / 27 April 2015 For personal use only Presentation on the March 2015 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the March 2015 Quarterly Report at 10.00 am Australian Eastern Standard Time (UTC + 10 hours) to
Slide 2: Q3 March 2015 Quarterly Presentation
BOB VASSIE, MANAGING DIRECTOR & CEO / 27 April 2015 For personal use only Q3 March 2015 Quarterly Presentation
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, s
Slide 4: Contents
Contents For personal use only ˃ Key Points ˃ Safety ˃ Operations Results ˃ Exploration ˃ Finance ˃ Conclusion ˃ Appendices 3/ Q3 March 2015 Quarterly Presentation
Slide 5: Key Points Q3 March 2015
Key Points Q3 March 2015 ˃ Record production for quarter For personal use only ˃ Company: 111,288 ounces ˃ Leonora: 88,790 ounces ˃ Simberi: 22,498 ounces ˃ All-In Sustaining Cost for the Company of A$798 per ounce ˃ Simberi cash flow positive for March quarter 20151 ˃ Leonora FY15 guidance increase
Slide 6: Start safe, stay safe
Start safe, stay safe For personal use only Total Recordable Injury Frequency Rate 12.5 Safety performance 9.0 ˃ TRIFR1 of 4.9 at 31 March 2015 ˃ Continued good results for mixed 6.0 jurisdiction underground / open 4.9 pit combination 4.7 4.9 4.1 ˃ Fatality of a contractor at Simberi on 5 March 2015
Slide 7: Consolidated Gold Production
Consolidated Gold Production AISC (Consolidated) For personal use only (A$/oz) 1,455 1,344 1,153 1,042 March Quarter: 798 ˃ Record production at Gwalia, Gold Production 111 Simberi and in total (koz) 98 93 92 22 ˃ Simberi production exceeded 13 17 100 koz p.a. rate in month of 16 12 69 11 19 12 Marc
Slide 8: St Barbara vs peers comparison, AISC, Production, Reserves
St Barbara vs peers comparison, AISC, Production, Reserves For personal use only 6 Bubble Size = FY15F production midpoint (koz) 5 St Barbara 360 koz 4 Evolution Reserves Oceana Gold (Moz) 3 Kingsgate 2 Beadell 1 Saracen Northern Star - A$1,500/oz A$1,300/oz A$1,100/oz A$900/oz A$700/oz St Barbara h
Slide 9: Gwalia: St Barbara's cornerstone mine
Gwalia: St Barbara’s cornerstone mine For personal use only AISC (A$/oz) 1,086 989 865 883 March Quarter: 645 ˃ Record 250 kt ore mined ˃ 259 kt of ore milled 77.0 Production (koz) 68.6 ˃ Estimated 1,200 oz contained in 59.4 stockpiled ore at end of quarter (Q2: 2,900 oz) 49.1 45.4 ˃ All-In Sustaini
Slide 10: Gwalia: Q4 June production guidance
Gwalia: Q4 June production guidance ˃ Production guidance for the June quarter is 45,000 to 50,000 ounces. For personal use only ˃ The strong production performance in Q2 December and Q3 March at Gwalia due to: ˃ excellent productivity ˃ continued underground waste storage ˃ higher grades and ˃ favo
Slide 11: King of the Hills: production ceased
King of the Hills: production ceased For personal use only AISC (A$/oz) 1,407 March Quarter: 1,343 1,229 ˃ Production limited as higher grade 1,123 Gwalia ore prioritised 812 ˃ Ore mined 171 kt, best result since Q2 Production FY2013, contained an estimated 22,400 (Koz) 19.4 ounces 16.8 ˃ Estimated
Slide 12: Simberi: March 2015 quarter cash flow positive
Simberi: March 2015 quarter cash flow positive For personal use only AISC (A$/oz) 2,527 2,300 2,205 March Quarter: ˃ Record production for Q3 of 1,619 22,498 oz (at AISC1 of A$1,310 / oz) 1,310 ˃ Record production for month of March of 9,473 oz at AISC1 of 22.5 A$1,136 / oz ˃ Engineering and mainten
Slide 13: Simberi: Continued improvement in ore milled
Simberi: Continued improvement in ore milled For personal use only Ore milled Gold production last 4 quarters last 6 months 750 9.5 620 536 6.8 6.5 6.5 463 5.5 5.0 FY14 FY15 FY15 FY15 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Q4 Jun Q1 Sep Q2 Dec Q3 Mar kt koz 12 / Q3 March 2015 Quarterly Presentati
Slide 14: Gold Ridge – Operations suspended
Gold Ridge – Operations suspended For personal use only ˃ Gold Ridge Mining Limited has called on the Solomon Islands Government to act on recommendations contained in the WHO report of February 2015 and urgently commence controlled discharge of untreated water from the tailings storage facility as
Slide 15: Future Gwalia – Drilling Plan (long Section View)
Exploration: Future Gwalia – Drilling Plan (long Section View) For personal use only The initial parent hole results for Gwalia Deep Drilling reported to ASX on 25 Feb 2015. Results of first daughter hole reported to ASX on 7 April 2015. Further daughter holes will be drilled in June quarter. The ob
Slide 16: Future Gwalia – Drilling Plan (Cross Section View)
Exploration: Future Gwalia – Drilling Plan (Cross Section View) For personal use only Figure 1.1 1. For full explanation and results refer to ASX release 15 / Q3 March 2015 Quarterly Presentation 27 April 2015 ‘Quarterly Report March 2015’
Slide 17: Future Gwalia – Schematic Lode Plan View
Exploration: Future Gwalia – Schematic Lode Plan View For personal use only Figure 1.2 1. For full explanation and results refer to ASX release 16 / Q3 March 2015 Quarterly Presentation 27 April 2015 ‘Quarterly Report March 2015’
Slide 18: Centenary, Leonora WA – promising survey results
Exploration: Centenary, Leonora WA – promising survey results For personal use only In Q3 St Barbara conducted electromagnetic (EM) survey work on Centenary Project approximately 60 km north of Leonora, utilising higher resolution EM equipment than has previously been available1 Six significant anom
Slide 19: Exploration – focus on near mine targets at Simberi
Exploration – focus on near mine targets at Simberi For personal use only Results for trenching completed at Monun Creek (SIMTR837 and SIMTR838) were received, including 1 SIMTR837: 85m @ 1.1 g/t Au SIMTR838: 80m @ 1.5 g/t Au Results for trenching completed at Sorowar Southeast (SIMTR847, SIMTR848 a
Slide 20: Finance – March 2015
Finance – 31 March 2015 ˃ A$108 million cash1 For personal use only Increase of A$40 million due to record production at Leonora, and positive cash flow from Simberi ˃ A$420 million interest bearing liabilities2 Increase in A$ debt since December quarter due to decline in AUD vs USD Debt compr
Slide 21: Conclusion
Conclusion For personal use only ˃ Record quarterly production: ˃ Leonora, Simberi, Company ˃ Consolidated All-In Sustaining Cost of A$798 per ounce ˃ Cash balance improved by A$40 million ˃ Simberi Cash flow positive for March 2015 quarter ˃ Deep drilling at Gwalia – initial results promising, prog
Slide 22: Appendices
For personal use only Appendices 21 / Q3 March 2015 Quarterly Presentation
Slide 23: Consolidated Production, Costs, Guidance Summary
Consolidated Production, Costs, Guidance Summary Q1 Sep Q2 Dec Q3 Mar Guidance FY15 FY15 FY15 FY153 For personal use only Gwalia oz 45,391 68,589 76,954 235 - 240,000 Production King of the Hills oz 10,793 12,033 11,836 45 - 50,000 Simberi oz 12,639 17,295 22,498 70 - 80,000 Consolidated oz 68,823 9
Slide 24: Overview of operations
Overview of operations For personal use only Simberi Simberi ˃ Open pit mine ˃ FY15F production: Leonora Gold Ridge 70-80koz ˃ Two underground mines: Solomon ˃ Target annualised production 100 koz ˃ Gwalia Mine Islands FY15F production: ˃ Near mine targets for exploration 235-240 koz, estimated mine
Slide 25: Competent Persons Statement
Competent Persons Statement Exploration Results For personal use only The information in this report that relates to Exploration Results for Papua New Guinea is based on information compiled by Dr Roger Mustard, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Mustard is a
Slide 26: Non-IFRS Measures
Non-IFRS Measures For personal use only We supplement our financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non-IFRS financial measures, including cash operating costs. We believe that these measures provide meaningful information to ass
Slide 27: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Rowan Cole Company Secretary Garth Campbell-Cowan Chief Financial Officer T: +61 3 8660 1900 E: info@stbarbara.com.au 26 / Q3 March 2015 Quarterly Presentation