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St Barbara Sells Gold Project for Big Win | Perth News
Published 3 weeks, 1 day ago
Description
St Barbara cashes in big time after selling its New Simberi gold project to China’s Lingbao Gold Group for $410 million — a deal that spiked their stock 20% and nets them $286M in royalties plus $43M upfront, nearly doubling their reserves. They’ll reinvest in their Nova Scotia mine while Lingbao taps into China’s gold hunger — a win-win that lets St Barbara refocus and Lingbao expand its footprint.
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