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Quarterly Report / Q2 December FY21 ( 3 months to 31 December 2020 ) St Barbara LIMITED • . Highlights Q2 December FY21¹ Safety TRIFR² safety performance was 3.3 as at 31 December 2020 ( 30 September 2020 : 3.1 ) , with corresponding LTIFR³ at 31 December 2020 of 0.39 ( 30 September 2020 : 0.2 ) No COVID - 19 transmissions on any site with ongoing high vigilance and comprehensive protocols in place Operations • Gold production of 89,670 ounces ( Q1 Sep FY21 : 72,990 ounces ) • All - In Sustaining Cost ( AISC ) of A $ 1,517 per ounce ( Q1 Sep FY21 : A $ 1,711 per ounce ) • • • • Operational cash contribution in Q2 Dec FY21 of A $ 83 million ( Q1 Sep FY21 : A $ 27 million ) Finance Total cash at bank of A $ 118 million ( Q1 Sep FY21 : A $ 93 million ) , after investments and other financing of $ 18 million , exploration expenditure of A $ 9 million , growth capex of A $ 8 million and income tax payments of A $ 7 million Total debt of A $ 102 million ( Q1 Sep FY21 : A $ 105 million ) Average realised gold price in Q2 Dec FY21 of A $ 2,126 per ounce ( Q1 Sep FY21 : A $ 2,171 per ounce ) , with 59,485 ounces delivered into hedge contracts in the quarter Outlook FY21 guidance is maintained with consolidated gold production of between 370,000 to 410,000 ounces at an AISC of between A $ 1,360 and A $ 1,510 per ounce Building Brilliance Program Late in the first quarter of FY21 , Building Brilliance at St Barbara was launched . This is an integrated company - wide program to create sustainable value through improving operational performance and reduce costs to deliver A $ 80 to A $ 120 million of annual cash contribution by FY23 . The program is delivering early benefits that will be reflected in the results reported in the second half of FY21 . Production Summary Q2 Dec Q3 Mar Q4 Jun Q1 Sep Q2 Dec 1H FY20 FY20 FY20 FY21 FY21 FY21 Group TRIFR2 4.2 3.2 3.0 3.1 3.3 3.3 Gold Production koz 94 92 109 73 90 163 All - In Sustaining Cost Gold Sold A $ / oz 1,364 1,405 1,301 1,711 1,517 1,605 koz 97 99 104 66 99 166 Realised Gold Price A $ / oz 1,960 2,123 2,412 2,171 2,126 2,144 1 This report uses certain Non - IFRS measures as set out on the last page of this report . Unless otherwise noted , information in this report that relates to Mineral Resources or Ore Reserves is extracted from the report titled ' Ore Reserves and Mineral Resources Statements 30 June 2020 ' released to the ASX on 24 August 2020. This report has not been audited . 3 Lost Time Injury Frequency Rate per million hours worked ( 12 month average ) Investor Relations 2 Total Recordable Injury Frequency Rate per million hours worked ( 12 month average ) +61 3 8660 1959 +61 407 966 083 Media Relations Authorised by St Barbara Limited ACN 009 165 066 Mr David Cotterell Mr Ben Wilson Ms Sarah Standish Manager Investor Relations GRACosway Company Secretary Level 10 , 432 St Kilda Road , Melbourne VIC 3004 Locked Bag 9 , Collins Street East , Melbourne VIC 8003 T +61 3 8660 1900 F +61 3 8660 1999 W www.stbarbara.com.au ASX : SBM ADR : STBMY 27 January 2021