RE:RE:GOLDEN 2022Quailman wrote: It is like Atlantic gold all over again, maybe even better. Just looked at St Barbara and their Atlantic mine and they are kicking it. Best 722 million they ever spent. Goldboro is going to be great. Gold at 1800 is more than enough.
Did they turn things around ?
Because the last I heard, they were rather kicking themselves !
St Barbara taking C$230-275m write down of Canadian assets
Australian owner-operator St Barbara (ASX: SBM) is taking C$230 million ($181.8m) to C$270 million ($217.4m) non-cash write down of its Atlantic division that includes of the Touquoy gold mine in Nova Scotia. The write down will be taken in the fiscal year 2021, which ended on June 30.
The impairment largely relates to the delay in the start of mining due to permitting issues at the Beaver Dam, Fifteen Mile Stream and Cochrane satellite deposits. Delays have occurred at both the provincial and federal levels.