Barrick Gold Corporation sells 50% stake in gold mine

By Naomi Neilson|04 December 2019
Gold mine

HSF has advised Barrick Gold Corporation on the sale of its interest in a gold mine.

Firm: Herbert Smith Freehills (Barrick Gold Corporation)

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Deal: Herbert Smith Freehills (HSF) has advised Barrick Gold Corporation (KCGM) on the sale of its 50 per cent interest in Kalgoorlie Consolidated Gold Mines for $1.1 billion to Saracen Mineral Holdings Limited.

Value: $1.1 billion.

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Area: Interest.

Key players: The deal was led by HSF partners Tony Damian and Clayton James with assistance from senior associates Li-Lian Yeo, David Rowan, Jen Harding, Charlotte Cameron and Laura Walsh and solicitors John McQueen and Alex Thams.

Deal significance: Commenting on the deal, Mr Damian said: “We are delighted to have advised Barrick on the successful completion of the sale of its 50 per cent interest in this iconic gold mine.”

Mr James said: “It was fantastic to work with the Barrick team again. The successful completion of the sale also demonstrates the depth and experience of HSF.”

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Barrick Gold Corporation sells 50% stake in gold mine
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