Barrick Gold Corporation sells 50% stake in 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)
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.
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.”