Currently viewing Global edition

Kirkland Lake sells Stawell to PE firm

Hugh Morgan’s private equity firm Arete Capital Partners has acquired Kirkland Lake Gold’s mothballed Stawell gold mine in Victoria. News of the deal comes nearly a year to the day since KL put the operation on care and maintenance.

Kirkland Lake sells Stawell to PE firm Kirkland Lake sells Stawell to PE firm Kirkland Lake sells Stawell to PE firm Kirkland Lake sells Stawell to PE firm Kirkland Lake sells Stawell to PE firm

Arete Capital Partners sees a production future for the Stawell gold mine in Australia

The terms of the acquisition were undisclosed, but it represents the first major transaction for Melbourne-based Arete.