The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Gold explorer St Barbara (SBM) has paused mining operations after a fatality at its Simberi Operations in New Ireland Province, Papua New Guinea
  • The incident is currently under investigation and involves a local Papua New Guinean employee
  • Mining operations at Simberi have been suspended and are expected to resume when it is deemed safe to do so
  • St Barbara is providing care and support to the family of the worker, the local community and all employees at the mine
  • On the market this afternoon, St Barbara is in the grey and is trading at $1.81 per share

St Barbara (SBM) has suspended mining after a fatality at its Simberi Operations in New Ireland Province, Papua New Guinea.

A full investigation of the incident is currently underway and involves a local Papua New Guinean employee.

Mining operations at Simberi have been suspended and are expected to resume when it is safe to do so.

St Barbara is providing care and support to the family of the workers, the local community and all employees at the mine.

More information about the incident is still to come.

“This is devastating news. Our thoughts are with the employee’s family, friends and colleagues at Simberi,” Managing Director and CEO Craig Jetson said.

“The safety and wellbeing of our employees is our highest priority. Safety Always is St Barbara’s Commitment to our people and the cause of the incident will be
thoroughly investigated,” he added.

On the market this afternoon, St Barbara is in the grey and is trading at $1.81 per share at 12:37 pm AEST.

sbm by the numbers
More From The Market Online
The Market Online Video

Market Open: Markets look for direction after AI-led volatility

Wall Street managed a modest recovery on Friday, with technology stocks leading the rebound after a…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham: All Ords up 0.3% in 12 Months, Yet Investors Missed the Real Moves

Imagine you bought an ETF for $100, put it away and didn’t look at it again for 12 months.
HotCopper Daily Market Trends Graphic

Friday’s HotCopper trends: Pacific Edge, Pursuit Minerals, Nano Dotz and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…
The Market Online Video

Market Open: Wall Street’s AI wreck rattles markets, but NextDC tells a different story

The Australian sharemarket is heading for a weaker start on Friday, with ASX 200 SPI futures…