Australia's St Barbara jumps over 20% on Simberi interest sale to Lingbao Gold

Lingbao Gold

10/09/2026 01:15

** Shares of gold miner St Barbara SBM.AX rise as much as 20.6% to A$0.880, highest level since March 3
** Shares post biggest intraday pct gain since Jan 21
** Co agrees to sell remaining interest in New Simberi Gold Project to Lingbao Gold 3330.HK 
** Consideration includes A$410 million ($296.06 million) in cash
** YTD, SBM shares up 47.4%

($1 = 1.3848 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))