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St Barbara makes its trans-Atlantic move

St Barbara has followed Northern Star and become the latest Australian gold producer to acquire an operating North American gold mine, buying the expandable, low cost circa-100,000 ounce per annum opencut Moose River in Nova Scotia for US$592 million (A$854 million).

Michael Quinn
Royal Canadian Mounted Police guard the first gold bar poured at Moose River, with Steven Dean second from right

Royal Canadian Mounted Police guard the first gold bar poured at Moose River, with Steven Dean second from right

Developed by Toronto listed Atlantic Gold Corp, Moose River has a single pit and all-in-sustaining-costs of less than US$555/oz (A$800 per ounce), with planned expansions involving three other pits in...

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