Gold miner Saracen Mineral Holdings has completed the institutional placement and the institutional component of its pro-rata accelerated non-renounceable entitlement offer as part of it’s A$796-million raising to fund the acquisition of a 50% interest in the Kalgoorlie Super Pit mine, in Western Australia.
Saracen earlier this week struck an agreement with North American gold major Barrick Gold to acquire its interest in the gold project for $750-million.