Gold producer St Barbara to sell its Leonora assets to Genesis Minerals for A$600M StBarbara
- Gold producer St Barbara yesterday announced that it has agreed new terms for a proposed transaction with Genesis Minerals .
The company said that the A$600 million consideration comprises upfront cash of A$370 million; 147.8 million shares in Genesis, valued at A$170 million; and an additional 52.2 million shares in Genesis, valued at A$60 million, contingent upon Tower Hill achieving first production. "Simberi and Atlantic have combined 5.9Moz in mineral resources and 3.5Moz in ore reserves and provide a solid foundation for the business. The company has a clear strategy in place to maximize the value of those assets going forward.”
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