St Barbara, Allied to create $1bn gold miner

St Barbara's treatment plant at its Marvel Loch operation, near Southern Cross.
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St Barbara and Allied Gold have unveiled a merger plan aimed at creating an international gold producer and explorer with a market capitalisation of more than $1 billion.

St Barbara announced today an offer of $1.025 in cash and 0.8 St Barbara shares for each Allied Gold share, valuing the target at around $556 million.

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