Northern Star Resources Limited and Saracen Mineral Holdings Limited are set to join forces, agreeing to a merger-of-equals worth $16 billion that will see the creation of a top-10 global producer.
Their combined world-class portfolio and three large-scale gold mines in Kalgoorlie and Yandal in Western Australia, as well as in North America, will target production of 2Mozpa.
Northern Star Resources has joined Saracen Mineral Holdings in making the Kalgoorlie Super Pit a wholly Australian-owned gold mine, with the announcement to acquire 50% from Newmont Goldcorp Australia for USD $800 million.
The purchase will deliver Northern Star a half-share of one of the most significant gold systems in the world.
With gold breaking through AUD$2,000, the outlook for gold mining equities is immense. How can gold producers take advantage of this new gold bull market?
Jake Klein, Evolution Mining Executive Chairman, will provide the answer in his keynote presentation at ABC Bullion’s National Conference 2019: A Global Case for Gold.
A unique initiative has been launched today to give Resolute Mining Limited shareholders the opportunity to receive dividend payments in gold.
Resolute has today announced a dividend of 1.7c per share following the adoption of an innovative gold sales-linked dividend policy. Their partnership with The Perth Mint will provide shareholders with the opportunity to receive dividend payments in gold.