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gold shares
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.
The value of a gold miner is based on the gold price but provides the investor with the opportunity to achieve a return in excess of the rise in the price of gold.
Recent investor articles have focused on investment in gold, be it physical or other products liked to the gold price. Those looking for exposure to gold prices can also invest in the producers of the gold itself.
