St Barbara to divest New Simberi Gold Project stake for $295m
2026-09-11
St Barbara has entered into a binding agreement to divest its remaining stake in the New Simberi Gold Project to Lingbao Gold Group for an estimated A$453 million in cash, coupled with the retention of key royalties. This strategic move, slated for completion in the March quarter of 2027, will significantly bolster St Barbara's cash reserves, allowing it to focus on its Nova Scotia gold projects and a debt-free future, while expanding Lingbao Gold's presence in the Pacific region.
