Northern Star Resources has secured $765 million from shareholders to help fund its $US800 million ($1.17 billion) acquisition of Newmont Goldcorp’s share in Kalgoorlie Consolidated Gold Mines (KCGM).
Northern Star Resources is set to make the Kalgoorlie Super Pit an Australian-owned gold mine by acquiring Newmont Goldcorp’s stake in the historic Western Australian site for US$800 million ($1.17 billion).
The advanced technology company has rapidly established its Production Optimiser system in the gold Industry over the past 18 months by collaborating with the sector’s leading companies.
Northern Star Resources has achieved its goal of a takeover of Echo Resources after acquiring almost 60 per cent of the junior company.
Northern Star Resources has taken a step to speed up its acquisition of Echo Resources as it waived all the remaining conditions that could hold up the offer.
Northern Star Resources has reached an agreement with Horizon Minerals for a tenement exchange in the Western Australian Goldfields.
When only eight students signed up to study first-year mining engineering at Western Australia’s Curtin University last year, alarm bells went off.
Northern Star Resources is set to acquire the stake it does not already own in Echo Resources for up to $193 million.
The Australian dollar gold price has moved above $2300 an ounce for the first time in history as fears surrounding the United States–China trade wars have again impacted global economic markets.
Stay on top of the most popular stories on Australian Mining over the past week, including an update on Barrick Gold’s plans to sell its share in the Super Pit gold mine in Western Australia.
Barrick Gold has come clean about bidding for its stake in the Super Pit gold mine in Kalgoorlie-Boulder, revealing that Northern Star Resources is amongst the frontrunners.
Northern Star Resources is confident the integration of the Pogo mine in the United States into the company’s gold portfolio is on track.
Swick Mining Services has been awarded a three-year contract extension at the Nevada Gold Mines Joint Venture (JV) in the United States, expanding the contractor’s work in hand to $353 million over three continents.
Northern Star Resources has added 60-ton Volvo A60H articulated trucks to meet the Alaska-based Pogo mine’s requirement of producing four million ounces of gold by the middle of next year.
Northern Star Resources is confident of achieving record gold production in the fourth quarter of the 2019 financial year with the ongoing ramp up at the Pogo mine in Alaska, United States.
Swick Mining Services has considerably boosted its order book due to several new tender outcomes and contracts both in Australia and internationally.
BGC Contracting has won its first Western Australian gold contract in 10 years as part of Northern Star Resources’ development of the Ramone project.
Evolution Mining has invested $41.3 million in Tribune Resources, owner of a key stake in the East Kundana gold operation in the Goldfields, Western Australia.
Exploration companies are searching for new methods to unlock the next wave of mineral deposits. A technology proving valuable in this pursuit is 3D seismic surveying.
Northern Star Resources’ subsidiary HBJ has terminated its right-to-mine at the Southern Gold-owned Cannon gold mine in Western Australia.