In mid-May, Laird Brownlie, head of external affairs for Australia’s St Barbara Ltd that acquired Atlantic Gold and its mining operations in Nova Scotia in 2019 for $722 million, sent out an email — a “special bulletin” — about the company’s proposed modifications at its Touquoy open pit gold mine in Moose River. Brownlie’s message […]
The $722 million deal
An Australian company is buying the Vancouver company that owns Nova Scotia’s largest gold mining operation; what’s in it for us?
Here’s the deal. On Wednesday, May 14, an Australian gold mining company called St. Barbara Limited, with one gold mine in Australia and a second one in Papua New Guinea, agreed to pay $722 million for Atlantic Gold Corporation, which operates one open pit gold mine in Nova Scotia, has proposed three more along the […]