Saracen goes for gold with $1bn swoop on Super Pit half-stake

Original article by Perry Williams, Nick Evans
The Australian – Page: 17 & 18 : 18-Nov-19

Sources have suggested that Saracen Mineral Holdings will seek to tap investors for more than $600m to help finance the acquisition of Barrick Gold’s 50 per cent stake in the Super Pit mine in Western Australia. Final bids for the stake were lodged on 15 November, and Barrick is expected to shortly announce Saracen as the successful bidder. The sale price is believed to exceed $1bn. Newmont Goldcorp is expected to seek a buyer for its 50 per cent stake in the gold mine.

CORPORATES
SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, BARRICK GOLD CORPORATION, NEWMONT GOLDCORP, NORTHERN STAR RESOURCES LIMITED – ASX NST

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