Barrick Gold Corporation sells 50% stake in gold mine

By Naomi Neilson|04 December 2019

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

Firm: Herbert Smith Freehills (Barrick Gold Corporation)

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.

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.”

This email address is being protected from spambots. You need JavaScript enabled to view it.

Barrick Gold Corporation sells 50% stake in gold mine
Intro image
lawyersweekly logo
Big Law

latest

Vocational purpose must be the focus of workplace wellness initiatives

Common fund orders a ‘setback to pre-2016’

Elanor Investors Group acquires 2 boutique hotels

ANZ waives lender’s mortgage insurance for lawyers