Saracen gets cash for Super Pit buy

SARACEN Mineral Holdings shares resumed trading this morning after the company raised A$701 million as part of its US$750 million acquisition of Barrick Gold’s 50% stake in Kalgoorlie’s Super Pit.

Saracen gets cash for Super Pit buy Saracen gets cash for Super Pit buy Saracen gets cash for Super Pit buy Saracen gets cash for Super Pit buy Saracen gets cash for Super Pit buy

Kalgoorlie's Super Pit is celebrating its 30th anniversary this year under KCGM management

The institutional placement raised A$369 million, while the institutional component of a one-for-5.75 entitlement offer had a 74% take-up rate.