Linden Gold Alliance has completed the debt restructure it has with St Barbara, making St Barbara a majority shareholder in Linden and Linden debt free.
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St Barbara has released its June 2023 quarter report, which outlined highlights such as producing 77,125 ounces of gold in the quarter at an all in sustaining cost (AISC) of $2145 per ounce.
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A week after completing the sale of its Leonora assets to Genesis Minerals, St Barbara has provided a production update for the June 2023 quarter (Q4 FY23) and 2023 financial year (FY23).
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With St Barbara having completed its sale of its Leonora assets to Genesis Minerals, it has reported a closing cash balance of $294 million as of June 30 2023.
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Bellevue Gold has signed an agreement with Genesis Minerals that involves Genesis processing material from the Bellevue Gold Project, predominantly from the Vanguard open pit.
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St Barbara non‐executive chair Kerry Gleeson announced management changes that will be implemented subject to the completion of the Leonora assets sale to Genesis Minerals, subject to take place June 30.
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The ongoing acquisition of St Barbara’s Leonora assets has reached a new milestone with Genesis Minerals shareholders voting in favour of the transaction.
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Despite St Barbara declining to engage with Silver Lake on the sale of its Leonora assets, Silver Lake has provided a revised offer with improved conditionality.
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Genesis Minerals has upped the scrip component for St Barbara’s Leonora mine by five million shares in an effort to come out ahead of a rival bid from Silver Lake Resources.
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