ST Barbara Ltd to sell New Simberi Interest to Lingbao Gold
Key points
- ST Barbara to sell 40% interest in New Simberi Gold Project for A$453m cash plus royalties
- Completion targeted for Q3 March FY27
- Pro-forma cash balance of A$880m post-transaction
- Potential for more cash realization following royalty portfolio strategic review
Full summary
ST Barbara Ltd announced the sale of its remaining 40% interest in the New Simberi Gold Project to Lingbao Gold for A$453m cash plus royalties. The transaction includes a A$410m upfront cash payment, a A$43m reimbursement for capital expenditure from April to signing, and royalties. The completion is targeted for Q3 March FY27, pending regulatory and shareholder approvals. Post-transaction, ST Barbara expects a pro-forma cash balance of A$880m, with potential for additional cash realization following a strategic review of the royalty portfolio.
Guidance
Post-transaction pro-forma cash balance of A$880m
Outlook
The sale is expected to complete by Q3 March FY27, with potential for additional cash realization following a strategic review of the royalty portfolio.
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