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St Barbara buys 'Aussie' gold development in Nova Scotia

ST BARBARA has followed Northern Star and become the latest Australian gold miner to acquire an operating North American gold mine, buying the expandable, low cost circa-100,000 ounce per annum open cut Moose River project in Nova Scotia for A$854 million.

Michael Quinn
Royal Canadian Mounted Police guard the first gold bar poured at Moose River, with Steven Dean second from right

Royal Canadian Mounted Police guard the first gold bar poured at Moose River, with Steven Dean second from right

Developed by Toronto listed Atlantic Gold Corp, Moose River comprises a single pit and all-in sustaining costs of less than A$800 per ounce, with planned expansions involving three other pits in the area...

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