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TDUX
Sep 09 - 08:55 PM

Gold - Australia's St Barbara Jumps Over 20% On Simberi Interest Sale To Lingbao Gold

By Nichiket Sunil  —  Sep 09 - 08:16 PM

• Shares of gold miner St Barbara rise as much as 20.6% to A$0.880, highest level since March 3

• Shares post biggest intraday pct gain since Jan 21

• Co agrees to sell remaining interest in New Simberi Gold Project to Lingbao Gold

• Consideration includes A$410 million ($296.06 million) in cash

• YTD, SBM shares up 47.4%

($1 = 1.3848 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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