22 slides from St. Barbara's earnings presentation, Jul 19, 2012
Slide 1: Presentation on the June 2012 Quarter
St Barbara Limited ACN 009 165 066 Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999 www.stbarbara.com.au For personal use only Presentation on the June 2012 Quarter Attached is a presentation to analysts and
Slide 2: June 2012 Quarterly Report Highlights
For personal use only June 2012 Quarterly Report Highlights Tim Lehany, Managing Director & CEO 19 July 2012 1
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: Highlights
Highlights For personal use only • Consolidated FY12 guidance achieved for production and cash operating costs • Sustained higher gold production: • Record 98,816 ounces for Q4 • Record 338,879 ounces for FY12 • Offer to acquire Allied Gold • Gwalia cash operating cost1 fell to $580 per ounce for Q4
Slide 5: Sustained higher gold production
Sustained higher gold production Up 15% to a record 98,816 For personal use only Gold Production 99 84 86 • Record production in Q4 73 71 • FY12 production 338,879 ounces • Achieved guidance • 31% increase on FY11 FY 11 FY 12 FY 12 FY 12 FY 12 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Q4 June koz 4 June 2012 Quar
Slide 6: Gwalia
Gwalia For personal use only Gold Production 54 46 • Record production in Q4 44 40 • Processing recovery 39 consistently at 97% FY 11 FY 12 FY 12 FY 12 FY 12 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Q4 Jun koz 5 June 2012 Quarterly Report Highlights
Slide 7: Gwalia grade and costs
Gwalia grade and costs For personal use only Grade Mined Grade • Q4 mined grade 10.5 g/t Au 10.5 • Majority of ore sourced from the richer South West Branch 9.3 • FY12 mined grade 8.8 g/t Au FY12 8.8 Costs 7.5 6.9 8.1 • Q4 cash operating costs $580/oz, primarily due to higher mined grade (Q3: $627/o
Slide 8: King of the Hills
King of the Hills For personal use only Gold Production 17 • Production in line with 16 14 expectations • FY12 production 56,953oz 9 within guidance 7 • Q4 cash operating costs $746/oz (Q3: $693/oz) • FY12 cash operating costs $753/oz FY 11 FY 12 FY 12 FY 12 FY 12 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Q4 Jun
Slide 9: Southern Cross Operations
Southern Cross Operations For personal use only Gold Production 27 28 • Production in line with 24 25 expectations 21 • Underground mining expected to continue until October 2012 • Processing expected to continue until December 2012 FY 11 FY 12 FY 12 FY 12 FY 12 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Q4 Jun ko
Slide 10: Discovery & Growth
Discovery & Growth For personal use only September 2012 quarter exploration planned in 3 states • Exploration focus on discoveries: – in proximity to processing plants – prospective greenfield areas • 5,000+ km2 of prospective land around Australia 9 June 2012 Quarterly Report Highlights
Slide 11: Discovery & Growth: Frasers
Discovery & Growth For personal use only Frasers (Southern Cross Region) • Drilling program completed • Mineral Resource Estimate at 30 June 2012 Grade Category Cut-off Tonnes g/t Au Ounces Indicated 336,000 5.5 59,000 Inferred 2.5 g/t Au 1,786,000 5.1 296,000 Total 2,122,000 5.2 355,000 10 June 201
Slide 12: Strong growth in cash continues
Strong growth in cash continues For personal use only • Net cash up $47 million to $181 million at 30 June 2012 • Cash balance up to $185 million • Interest bearing liabilities $4 million • Gold receivables of $4 million (in addition to cash) • Net cash backing per share up 37% to $0.56 per share (Q
Slide 13: FY13 guidance
FY13 guidance For personal use only King of Marvel Gwalia Total the Hills Loch Leonora Leonora S’thn Cross Gold koz 175-190 55-60 20-25 250-275 production FY13 guidance, including cash operating cost and capex ranges, is anticipated to be released by 23 August 2012. 12 June 2012 Quarterly Report Hig
Slide 14: Conclusion
Conclusion For personal use only • Record gold production for Q4 and FY12 • Gwalia cash operating costs down to $580 per ounce • Consolidated FY12 guidance delivered • Strong cash generation, growing cash position • $181 million net cash at end of June • Drilling programs targeting discoveries conti
Slide 15: Appendices
Appendices For personal use only 14 June 2012 Quarterly Report Highlights
Slide 16: Production summary
Production summary For personal use only Production Summary Sep Qtr Dec Qtr Mar Qtr Jun Qtr Year Consolidated FY12 FY12 FY12 FY12 FY12 Gold Production Gwalia oz 40,306 46,007 43,881 54,340 184,534 King of the Hills oz 9,343 14,107 17,110 16,393 56,953 Southern Cross oz 20,959 23,501 24,849 28,083 97
Slide 17: Gwalia production summary
Gwalia For personal use only Production Summary Sep Qtr Dec Qtr Mar Qtr Jun Qtr Year Gwalia FY12 FY12 FY12 FY12 FY12 Underground ore mined t 173,498 181,204 145,609 161,989 662,300 Grade g/t Au 7.5 8.1 9.3 10.5 8.8 Ore milled t 174,056 192,592 168,049 181,943 716,640 Grade g/t Au 7.4 7.7 8.4 9.6 8.3
Slide 18: King of the Hills production summary
King of the Hills For personal use only Production Summary Sep Qtr Dec Qtr Mar Qtr Jun Qtr Year King of the Hills FY12 FY12 FY12 FY12 FY12 Underground ore mined t 77,034 107,840 136,016 136,486 457,375 Grade g/t Au 3.7 4.3 4.2 4.0 4.1 Ore milled t 82,179 105,541 131,739 133,482 452,941 Grade g/t Au
Slide 19: Marvel Loch production summary
Marvel Loch For personal use only Production Summary Sep Qtr Dec Qtr Mar Qtr Jun Qtr Year Marvel Loch FY12 FY12 FY12 FY12 FY12 Underground ore mined t 251,628 163,814 240,957 235,966 892,365 Grade g/t Au 2.7 3.1 2.6 3.2 2.9 Ore milled t 295,076 518,560 527,790 501,394 1,842,820 Grade g/t Au 2.5 1.6
Slide 20: Start safe, stay safe
Start safe, stay safe For personal use only Safety • Safety performance significantly 14.8 improved from end of FY11 12.5 • Further improvement targeted in 11.1 FY13 9.0 FY 09 FY 10 FY 11 FY 12 TRIFR (rolling 12 month average Total Recordable Injury Frequency Rate) 19 June 2012 Quarterly Report High
Slide 21: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Ross Kennedy Executive General Manager Corporate Services E: ross.kennedy@stbarbara.com.au Rowan Cole General Manager Corporate Services E: rowan.cole@stbarbara.com.au T: +61 3 8660 1900 20 June 2012 Quarterly Report Highlights
Slide 22: Competent persons statement
Competent persons statement For personal use only The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Phillip Uttley who is a Fellow of The Australasian Institute of Mining and Metallurgy. Phillip Uttley is a full-time employee