Saracen Mineral Holdings has exited the ASX on a high after merging with fellow Super Pit operator Northern Star Resources, today reporting gold production records from its Western Australian operations.
Fly-in, fly-out (FIFO) workers in Western Australia have been impacted by the state government’s decision to impose a snap five-day lockdown on three regions last night.
Northern Star Resources and Saracen Mineral Holdings have both delivered operational records just weeks shy of their proposed merger being completed.
Saracen Mineral Holdings has received virtually unanimous support from its shareholders for the company’s proposed merger with Northern Star Resources.
Northern Star Resources and Saracen Mineral Holdings’ announcement of a $16 billion merger has brought anticipation for the rise of a new top 10 global gold producer, with signs there may be more mergers and acquisitions (M&A) in the gold sector.
DRA Global has completed the installation of a ball mill circuit for Northern Star Resources at the Jundee gold mine in Western Australia.
Saracen Mineral Holdings plans to complete the construction of a 3.2 million tonne per annum processing plant at the Carosue Dam Operations in Western Australia during the 2021 financial year.
The iconic Super Pit mine in Kalgoorlie, Western Australia is set for another 15 years of production with an updated gold resource of 19 million ounces.
Gold miner Northern Star Minerals has forecast a 30 per cent production increase over the next two years following positive exploration results and recent acquisitions.
Gold prices have moved to their highest point since 2011 this week as they approached $US1900 ($2662) an ounce.
Northern Star Resources has defied the impact of COVID-19 to finish the 2020 financial year with record gold sales on the back of its Australian operations.
Northern Star Resources has executed an agreement with joint venture partner Artemis Resources to buy the Mt Clement gold project in Western Australia.
Northern Star Resources has experienced a 3.3-magnitude earthquake at the Kanowna Belle underground gold mine in the Goldfields region of Western Australia.
Kalamazoo Resources plans to exploit the greenfields and brownfields potential of the Ashburton gold project that it has acquired from Northern Star Resources in Western Australia.
Meteoric Resources plans to acquire the Palm Springs gold project in the Kimberley region of Western Australia.
The gold industry is faring well during the coronavirus pandemic that is affecting so many other industries around the world, according to Resources Monitor’s latest report.
Australian gold prices have hit seven-year highs yet again, with ABC Bullion recording a price of $2712.49 per ounce last week, before dropping over the weekend and settling back at $2672.78.
A Northern Star Resources employee at the Pogo mine in Alaska has tested positive to coronavirus while on rostered leave.
Sandfire Resources plans to withdraw from the Red Mountain earn-in and joint venture (JV) project in Alaska after spending $8.5 million during 2019.
Northern Star Resources has seen average drilled metres across its Kalgoorlie operations in Western Australia increase significantly since implementing Minnovare’s Production Optimiser technology in 2018.