Its Over, page-13142

St Barbara plunged 7.1 per cent to $1.05 after announcing a strategic review of its Simberi operations, and warning of a near-term risk of disruption to the Touquoy operation.

5 year view
SBM Stock Price and Chart — ASX:SBM — TradingView

Notice that SBM fell from July 20 just before Gold bull rally ended around Sept 20 ; from July 20 2020, SBM has since fallen 73% !

This is an example of a gold stock that has seriously decoupled from its underlying Gold (commodity) price. Commodity stocks have not just commodity prices to contend with, its their own company specific risks - production/cost of operations/ projects disrupted/difficulty securing funding for project/ project viability and feasibility adversely impacted/ IRR impacted and so on.

And most of the time, we do not know of those company issues until it is disclosed /announced , the damage has been done.