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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.

December 05, 2019 • By Naomi Neilson
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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.

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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Naomi Neilson
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly, as well as other titles under the Momentum Media umbrella. She regularly writes about matters before the Federal Court of Australia, the Supreme Courts, the Civil and Administrative Tribunals, and the Fair Work Commission. Naomi has also published investigative pieces about the legal profession, including sexual harassment and bullying, wage disputes, and staff exoduses. You can email Naomi at: naomi.neilson@momentummedia.com.au.

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