S&P/ASX 300 Index (ASX: XKO) gold stock St Barbara Ltd (ASX: SBM) is slipping today.
St Barbara shares closed Friday trading for 72.5 cents. In morning trade on Monday, shares are changing hands for 71 cents apiece, down 2.1%.
For some context, the ASX 300 is down 0.4% at this same time. And, in a better comparison of golden apples to golden apples, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down a steeper 3.4%.
That comes as the gold price fell 2% to US$4,668 per ounce overnight after failed peace talks with Iran saw US President Donald Trump vow to blockade the Strait of Hormuz to starve Iran of funds.
Despite today's dip, the St Barbara share price remains up a very impressive 193.8% over 12 months.
Now, here's what the Aussie gold miner just reported.
Image source: Getty Images
ASX 300 gold stock gets restart green light
Before market open, St Barbara announced that the Nova Scotia Department of Environment and Climate Change (NSECC) had approved amendments to the Industrial Approval permit conditions to allow the Touquoy Restart.
The ASX 300 gold stock expects to recommence ore processing at its Touquoy gold mine, located in Canada, by the end of calendar year 2026.
In early February, St Barbara earmarked C$2.9 million (AU$3.0 million) to accelerate the refurbishment of the Touquoy processing facility.
The gold miner forecasts operating cash flow from the Touquoy Restart will be C$118 million at US$4,000 per ounce over a 13-month period. St Barbara said it anticipates gold production of 38,000 ounces over this time, stemming from 3.0 million tonnes of stockpiles grading 0.4 grams of gold per tonne.
"This will be a big confidence boost to the industry," St Barbara CEO Andrew Strelein said.
Strelein added:
We are very pleased to have received approval of Industrial Approval permit conditions necessary for the restart of Touquoy. This approval has been received within the Province's target timeframe for approvals and demonstrates the constructive engagement and sense of urgency of the new Large Infrastructure File Team within the Department of Environment and Climate Change.
St Barbara quarterly gold production surges
In a separate price-sensitive release this morning, the ASX 300 gold stock reported its preliminary third-quarter (Q3 FY 2026) results.
Highlights for the three months included gold production of 13,522 ounces, up 49% quarter on quarter. Gold sales in the March quarter came to 11,974 ounces. St Barbara received an average sale price of AU$6,892 per ounce.
Looking ahead to the fourth quarter, the ASX 300 gold stock forecast gold production in the range of 14,000 to 17,000 ounces from the New Simberi Gold Project, located in Papua New Guinea. St Barbara's anticipated 40% attributable share of gold production is forecast to be in the range of 5,600 to 6,800 ounces in Q4.
