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St Barbara says Atlantic deal on track

Australian gold producer St Barbara has met revised guidance for the year after signing off on output of 362,346 ounces, including a record 142,177oz from the Simberi operation in Papua New Guinea.
St Barbara says Atlantic deal on track St Barbara says Atlantic deal on track St Barbara says Atlantic deal on track St Barbara says Atlantic deal on track St Barbara says Atlantic deal on track

Further details from the June quarter will be released by St Barbara later this month

Staff reporter

Total cash at bank and term deposits was A$890 million at the end 30 June 2019, including $480 million added from an entitlement issue in respect of the still-being-transacted Atlantic Gold acquisition.

Leaving out the entitlement funding, St Barbara's cash position increased from $382 million to $410 million from the March quarter.

St Barbara also retains a A$200 million three year revolving debt facility, which is undrawn.

Full details from the June quarter will be disclosed later this month.

Prior to that St Barbara is expecting to complete the Atlantic Gold deal by July 19.

Shares in St Barbara were up 1.3% to A$3.16, capitalising the company at $1.64 billion.