St. Barbara Ltd. announced in mid-May it has entered into a friendly agreement to acquire Atlantic Gold Corp., which owns and operates the Moose River Consolidated gold operation in Nova Scotia, Canada. St. Barbara is an Australian company headquartered in Melbourne. It owns and operates the Gwalia gold mine in Western Australia and the Simberi gold mine in Papua New Guinea. Gwalia is scheduled to produce between 235,000 ounces (oz) and 240,000 oz and Simberi is scheduled to produce between 130,000 oz and 135,000 oz of gold during St. Barbara’s fiscal year ending June 30.
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