St Barbara will sell its flagship Gwalia mine in exchange for $370 million of cash and a shareholding that will be between 15 per cent and 19.9 per cent.
Gold producer St Barbara to sell its Leonora assets to Genesis Minerals for A$600M kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
St Barbara’s $780 million acquisition of Atlantic Gold is going from bad to worse – and it threatens to blow up a $1 billion deal involving Kerry Stokes-backed Genesis Minerals.