-+ 0.00%
-+ 0.00%
-+ 0.00%
Lingbao Gold to buy remaining 50%-1 stake in Tabar Islands Holdings for AUD 410 million
Share
Listen to the news
Lingbao Gold to buy remaining 50%-1 stake in Tabar Islands Holdings for AUD 410 million
  • Lingbao Gold to buy St Barbara’s remaining 50%-1 share in Tabar Islands Holdings, taking full ownership of the Simberi gold mine.
  • Deal terms include AUD 410 million cash at completion, conditional on regulatory clearances and, if required, shareholder approvals.
  • Vendor to receive royalties: 2.75% NSR from Simberi gold and silver, 1.5% NSR from Tabar Islands exploration output from July 1, 2027.
  • Target’s Simberi project in Papua New Guinea produced AUD 298.32 million revenue in FY2026, net profit AUD 41.27 million.
  • Funding plan targets 60%-70% bank loans, balance from internal capital including prior zero-coupon convertible bonds and a top-up placing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lingbao Gold Group Company Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260910-12326762), on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending