Northern Star Resources has continued to grow its production rate at the Kalgoorlie gold operations, with the company anticipating a 40 per cent rise over the next three years as it inches closer to finalising its merger with Saracen Mineral Holdings.
Saracen Mineral Holdings has achieved record production at the Carosue Dam gold mine in Western Australia, boosting the company’s position to meet the 2021 fiscal year guidance.
Australian mid-tier gold miners looking to North America for growth view their flurry of recent acquisitions as a “beachhead” to expand further.
Saracen Mineral Holdings managing director Raleigh Finlayson has highlighted “future proofing” and “organic growth” as key outcomes to come from the company’s $16 billion merger-of-equals with Northern Star Resources.
Super Pit joint owners Northern Star and Saracen Mineral Holdings are set to combine, having agreed to a merger-of-equals worth $16 billion.
The strength of Western Australia’s resources sector has led it through crises and is now set to usher in a new era of critical minerals.
Northern Star Resources has maintained full employment at the Pogo gold mine despite encountering 36 confirmed cases of COVID-19 in the Alaskan mine’s workforce.
Australian gold production fell by 10 tonnes, or 12 per cent from the previous quarter during the March period, according to gold consultants Surbiton Associates.
Northern Star Minerals has emerged from the March quarter with a revised operating environment that has performed as expected after being severely impacted by COVID-19.
Saracen Mineral Holdings is on track to produce a record 150,000 to 155,000 ounces of gold across its operations during the March quarter, seeing minimal impact from the coronavirus pandemic.
Stay on top of the most popular stories on Australian Mining over the past week, including BHP planning to hire an additional 1500 workers to support the coronavirus-hit economy.
Northern Star Resources has withdrawn its production and cost guidance for the 2020 financial year given the uncertainty caused by the coronavirus pandemic.
Gold producers are continuing to relish record prices, as the commodity once again listed an all-time high, skyrocketing to $US1666 ($2520) this morning.
Rand Mining will be placing the Raleigh underground mine in Kalgoorlie on care and maintenance this April as the southern mining area has been deemed unsafe.
Northern Star Resources has finished off the December quarter as a one million ounce per year gold producer with four Tier 1 assets.
Tribune Resources has commenced legal proceedings in the Supreme Court of Western Australia against the Northern Star Resources group of companies.
Saracen Mineral Holdings has “entered the next league of Australian gold miners” after a record December 2019 quarter, according to company managing director Raleigh Finlayson.
Rio Tinto has awarded a $115 million contract to Primero for its Koodaideri iron ore mine in the Pilbara, Western Australia.
Northern Star Resources has completed its takeover of Echo Resources, having acquired a relevant interest of 98.14 per cent in the Australian gold company.
Evolution Mining is the latest Australian gold miner to target North America for expansion after securing a deal to acquire the Red Lake Gold Complex in Canada from Newmont Goldcorp.