** Shares of St Barbara plunge as much as 20.1% to A$0.368 per share, set for their worst day since late May - if current trend holds
** Shares hit lowest since mid-October as at 2320 GMT
** The gold miner announces A$100 million ($65.87 million) two-tranche placement
** Issue price of A$0.38 per share represents a 17.4% discount to the closing price on Oct. 31
** Funds raised will accelerate the development schedule for the Simberi Sulphide Expansion Project in Papua New Guinea
** Including session's moves, stock has risen 76.2% this year
($1 = 1.5181 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))
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