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 buys Barrick's Super Pit bit Saracen buys Barrick's Super Pit bit Saracen buys Barrick's Super Pit bit Saracen buys Barrick's Super Pit bit Saracen buys Barrick's Super Pit bit

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.