PRECIOUS METALS

St Barbara says Atlantic deal on track

Miner says Atlantic deal on track

Staff reporter
Further details from the June quarter will be released by St Barbara later this month

Further details from the June quarter will be released by St Barbara later this month

Total cash at bank and term deposits was A$890 million at the end 30 June 2019, including $480 million added from an entitlement issue in respect of the still-being-transacted Atlantic Gold acquisition.

Leaving out the entitlement funding, St Barbara's cash position increased from $382 million to $410 million from the March quarter.

St Barbara also retains a A$200 million three year revolving debt facility, which is undrawn.

Full details from the June quarter will be disclosed later this month.

Prior to that St Barbara is expecting to complete the Atlantic Gold deal by July 19.

Shares in St Barbara were up 1.3% to A$3.16, capitalising the company at $1.64 billion.

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