March 18 (Reuters) - St Barbara Ltd SBM.AX :
* Total of 50,000 ounces of forward gold contracts are to be delivered in monthly instalments from July to December 2016
* Entered into forward gold contracts to reduce US dollar gold price risk associated with accumulating US funds
* Hedge provides gold price certainty at recent higher gold prices for a portion of the remaining US$168 million balance of US notes
* Anticipated co will pay out in full US$36 million balance remaining on the red kite debt facility by the end of June 2016
* Source text for Eikon