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Feb 11 - 09:55 PM

Gold - Australia's St Barbara Drops To 1-Week Low On Plans To Divest Canada Gold Operations

By Manasi Dasa Sundeep  —  Feb 11 - 07:51 PM

• Shares of St Barbara fall as much as 7.3% to A$0.255, their lowest levels since February 5

• The gold miner says that it is planning to separate its Atlantic Gold Operations in Canada via a sale, vend-in, or a demerger into separate Canada-listed firm

• Says it will focus on Simberi Gold operations and expansion of Simberi Sulphide Project in Papua New Guinea after divestment

• Stock up 14.4% YTD, including current session's moves


(Reporting by Manasi Dasa Sundeep in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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