Browsing Tag
Lingbao Gold Group
3 posts
St Barbara (ASX: SBM) to sell remaining Simberi interest to Lingbao for A$453m
St Barbara Limited will retain valuable gold and exploration royalties after selling its remaining New Simberi interest, while a potential A$0.13 special dividend and Nova Scotia investment plans move into focus.
St Barbara (ASX: SBM) shares surge 20% as A$475m cash pile unlocks maiden 5c dividend
St Barbara Limited finished FY26 with A$475 million of total cash, no debt and a A$490 million statutory profit after the Lingbao Gold transaction, prompting a fully franked five-cent dividend and consideration of a buyback of up to 100 million shares. The shares surged 20.3%, although almost all the reported profit came from a one-off deconsolidation gain and the remaining business was still loss-making on an underlying basis.
St Barbara (ASX: SBM) locks in A$389m from Lingbao and greenlights US$333m Simberi gold build
St Barbara completes A$389m Lingbao deal and greenlights US$333m Simberi gold build. Read what the FID approval means for SBM investors and PNG gold.