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Company Overview
St Barbara is an Australian-based global mining company that is traded on the Australian Stock Exchange (ASX) and has been in business for over 50 years. The company has two primary properties, one in Papua, New Guinea (Simberi) and the other is the Touquoy Gold Mine, located 40 minutes outside of Halifax, Nova Scotia. The company is also permitting the 15-Mile Processing Hub with three separate locations within the Eastern Shore of Nova Scotia. St Barbara’s Nova Scotia subsidiary, 15-Mile Minerals and Renewables (15MMR), is the entity permitting the project in Canada.
Project Overview
The 15-Mile Processing Hub is a gold mining project that includes six open pit over three locations all along the Eastern Shore of Nova Scotia. The 15-Mile Processing Hub Project involves processing of all ore taking place at the 15-Mile location, that also houses four of the project’s six pit locations. The other two locations, Old Austen and Old Mitchell, will have ore trucked to 15-Mile for processing.
Between the sites, the project is expected to produce over 100,000 ounces of gold annually for a period of over 11 years. The project will employ over 700 Nova Scotians annually and represents a $5 Billion GDP boost for the province. Permitting of the 15-Mile Processing Hub has begun with an Initial Project Description submitted to federal regulators in July 2026.
Investment Highlights
- Primary Commodity: Gold
- Most Recent Study: Pre-Feasibility Study released in January 2026
- Estimated Mine Life (Years): 11.4 years
- Reserves: 33.5Mt @ 1.1g/t
- Measured, inferred and indicated are 62.4Mt @ 1.2g/t
Investor Snapshot
Sector: Gold mining project with potential for solar and closed-loop hydro energy storage on site upon completion of 11 year mining life.
Current Stage: Initial Project Description submitted to federal and provincial regulators in July 2026.
Capital Cost: $283 million CDN or approximately $202 USD
Internal Rate of Return (IRR): Post-tax NPV on the project is $1.377 Billion CDN or $984.2 million USD
Investment Opportunity: Project finance partnership