AustralianSuper backs Genesis in play for St Barbara gold mine Gwalia
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.
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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.
Genesis and St Barbara to remain independent companies
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.
Brokers have recently placed a buy or outperform rating on two ASX 300 gold shares. Here are all the details.
St Barbara has agreed to acquire rival Genesis Minerals for A$541.3m ($367.1m), which will result in the consolidation of their gold assets.