Original article by Nick Evans
The Australian – Page: 20 : 16-May-19
Gold producer St Barbara will finance its proposed $768m acquisition of Canada-based Atlantic Gold via a non-renounceable rights offer and cash holdings. Paul Hissey of RBC describes Canada as a "relatively safe move" for St Barbara. Atlantic has forecast that its gold production in 2019 will be within the range of 92,000-98,000 ounces. Newcrest Mining and Northern Star Resources are among the other Australian miners to have bought North American assets in the last year.
ST BARBARA LIMITED – ASX SBM, ATLANTIC GOLD CORPORATION, RBC CAPITAL MARKETS, NEWCREST MINING LIMITED – ASX NCM, NORTHERN STAR RESOURCES LIMITED – ASX NST, ALLIED GOLD