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.
Northern Star Resources has completed the acquisition of a 50 per cent stake in the Super Pit previously held by Newmont Goldcorp, joining Saracen Mineral Holdings as owners of the Western Australian site.
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).
Stay on top of the most popular stories on Australian Mining over the past week, including a security concern that has slowed operations for Rio Tinto in South Africa.
Newmont Goldcorp is set to contribute 1.5 million ounces of production from its Australian operations next year.
Australia’s gold mine output in the September quarter declined by five per cent to 78 tonnes, according to Melbourne-based mining experts, Surbiton Associates.
Saracen Mineral Holdings has successfully completed its acquisition of 50 per cent interest in the Kalgoorlie Super Pit from Barrick Gold Corporation.
Saracen Mineral Holdings is set to become the half owner of the Super Pit gold mine in Kalgoorlie by the end of the week.
Stay on top of the most popular stories on Australian Mining over the past week, including the latest major iron ore contract awarded by Rio Tinto in the Pilbara.
Saracen Mineral Holdings has secured funding that it needs to acquire Barrick Gold’s 50 per cent interest in the Super Pit gold mine in Western Australia for $US750 million ($1.1 billion).
Saracen Mineral Holdings has emerged as the successful bidder for Barrick Gold’s 50 per cent interest in the Super Pit gold mine in Kalgoorlie, Western Australia.
Northern Star Resources is set to acquire the stake it does not already own in Echo Resources for up to $193 million.
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.
Kalgoorlie Consolidated Gold Mines (KCGM) has followed the lead of joint venture owner Newmont Goldcorp by providing generous parental or adoption leave, regardless of gender.
Newmont Goldcorp is advancing an autonomous haulage study at the Boddington gold-copper mine in Western Australia that will potentially see 39 trucks converted using the CAT command system.
The world’s largest gold complex in Nevada, United States is set to be born with the expected completion of the joint venture (JV) between Barrick Gold and Newmont Goldcorp.
Barrick Gold’s hostile $US18 billion ($24.8 billion) takeover offer for Newmont Mining has hit its first hurdle after being unanimously rejected by the target.
Australia’s gold producers have capitalised on a surging price for the precious metal by delivering an all-time production record last year.
Barrick Gold has officially unveiled an offer to merge with Newmont Mining after several days of anticipation it would make a tilt for the gold rival.