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Barrick sells half of 'iconic' Super Pit to Saracen

Emerging Australian mid-tier gold miner Saracen Mineral Holdings has agreed to buy Barrick Gold’s 50% stake in the Super Pit in Kalgoorlie for US$750 million.

Kristie Batten*
An aerial view of the Super Pit, which sits on the outskirts of Kalgoorlie

An aerial view of the Super Pit, which sits on the outskirts of Kalgoorlie

Saracen will join Newmont Goldcorp as 50:50 owners of Super Pit operator Kalgoorlie Consolidated Gold Mines (KCGM), with Newmont to continue as manager. Saracen will fund the transaction via a fully...

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