MANAGEMENT

Saracen buys Barrick's Super Pit bit

SARACEN Mineral Holdings has bought Barrick Gold Corporation's 50% stake in the iconic Super Pit gold mine at Kalgoorlie, Western Australia for US$750 million (A$1.1 billion).

Saracen has taken a 50% stake in the Super Pit.

Saracen has taken a 50% stake in the Super Pit.

That will make Saracen a 50-50 owner of the mine, also known as Fimiston, with Newmont Goldcorp. The operation is managed by Kalgoorlie Consolidated Gold Mines on behalf of the two owners. The deal...

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