https://www.miningweekly.com

St Barbara takes a stake in Duketon

4th April 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner St Barbara has taken a 12.3% stake in fellow-listed Duketon Mining, spending A$4-million.

St Barbara acquired 14.5-million shares in Duketon, at a price of 27.5c each, representing a 10% premium to the company’s 30-day volume-weighted average price.

The ASX-listed company said on Wednesday that the investment in Duketon was aligned with its strategy of targeted investments in early to advanced stage exploration through earn-in arrangements, joint ventures and direct equity investments. St Barbara also holds stakes in explorers ABM Resources, Catalyst Metals and Peel Mining.

Duketon MD Stuart Fogarty told shareholders that the company was pleased to welcome St Barbara to the share register, as it was an outstanding result for Duketon and a strong endorsement of the company.

Following the investment, Duketon has more than A$7.6-million in cash and liquids.

“The A$7.6-million of cash and investments allows Duketon to continue to aggressively explore the extensive gold and nickel prospects within our 100% owned tenure,” Fogarty said.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.811s - 128pq - 2rq
Subscribe Now