Global Stock News

St Barbara (ASX:SBM) Rallies After Agreeing to Sell Simberi Interest to Lingbao for AUD 410 Million Cash

St Barbara (ASX:SBM) Rallies After Agreeing to Sell Simberi Interest to Lingbao for AUD 410 Million Cash

Highlights

  • The S&P/ASX 200 (ASX:XJO) closed at 8,819.40 points, down 1.03% on 10 September 2026.
  • St Barbara (ASX:SBM) closed at AUD 0.85, up 16.44% on the day.
  • The company signed a binding agreement to sell its remaining interest in the New Simberi Gold Project to Lingbao Gold Group.
  • The transaction includes AUD 410 million cash consideration, additional Capital repayment and ongoing Royalty exposure.

St Barbara (ASX:SBM) attracted significant investor attention on Thursday, 10 September 2026, after announcing a binding agreement to sell its remaining interest in the New Simberi Gold Project to Lingbao Gold Group. The S&P/ASX 200 (ASX:XJO) closed at 8,819.40 points, down 1.03%,…

Source link

Share this article

Scroll to Top