SAR
Director Trades
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Company News
Looking elsewhere for golden value on the ASX
The gaze of ASX gold watchers has averted from the exploration minnows to the top end of town, after the stunning ‘merger of equals’ of Northern Star Resources (ASX: NST) and Saracen Minerals (ASX: SAR) that will create the world’s sixth biggest gold miner by market capitalisation. We say ‘stunning’ because no one really expected […]
Northern Star and Saracen merge to create a top 10 global gold company
Northern Star (ASX: NST) is setting out to create a new Australian gold major by acquiring 100% of fellow Western Australian miner Saracen Mineral Holdings (ASX: SAR) through an agreed scheme of arrangement. It means, among other things, that for the first time in its 125-year history, Kalgoorlie’s “Golden Mile” will be consolidated under one […]
Saracen Minerals pays $1b for Barrick Gold’s stake in Kalgoorlie Super Pit
Perth-based Saracen Mineral Holdings (ASX: SAR) has announced it will outlay $1.1 billion to acquire a 50% stake in the world-famous Super Pit gold mine in WA’s Kalgoorlie-Boulder district. The company has entered into a binding sale agreement with Canada’s Barrick Gold to buy Barrick’s share of the Kalgoorlie Consolidated Gold Mines (KCGM) joint venture, […]
Talisman Mining sells Sinclair nickel project to Saracen Mineral Holdings, cashed up to advance gold and copper assets
Gold focused Talisman Mining (ASX: TLM) has agreed to sell its Sinclair nickel project to Saracen Mineral Holdings (ASX: SAR) for $10 million in cash plus royalties. Talisman managing director Dan Madden said the decision to divest Sinclair came after the company received a number of approaches from parties interested in the asset. He said […]
Bligh’s board endorses Saracen Minerals’ $38.2m takeover play
Saracen Mineral Holdings (ASX: SAR) has made a takeover play for gold explorer Bligh Resources (ASX: BGH), with Bligh’s board and largest shareholder Zeta Resources (ASX: ZER) endorsing the takeover which values the company at a 97% premium. The rational behind the offer is to amalgamate Bligh’s Bundarra gold project with Saracen’s Thunderbox operations which […]
