Australia's St Barbara drops to 1-week low on plans to divest Canada gold operations

St Barbara

12/02/2025 24:50

** Shares of St Barbara  SBM.AX  fall as much as 7.3% to
A$0.255, their lowest levels since February 5
    ** The gold miner says that it is planning to separate its
Atlantic Gold Operations in Canada via a sale, vend-in, or a
demerger into separate Canada-listed firm
    ** Says it will focus on Simberi Gold operations and
expansion of Simberi Sulphide Project in Papua New Guinea after
divestment
    ** Stock up 14.4% YTD, including current session's moves
    

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))