Northern Star Resources Mining News

Gold's outback outperformers urged to turn M&A firepower on US

Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals.

South Kalgoorlie gold mine sold to Northern Star for $62.6 million

The acquisition comprises the project’s operating processing facility and 800 square kilometres of Prospective Gold tenure.

These Aussie gold rivals just raised $74 million by selling mines to China, Canada

They had flagged they would offload some of their higher-cost local operations to focus on their most profitable mines.

US elections to give gold prices fresh boost despite roadblocks — analysts

Gold hit a three-week low in early US trading Wednesday, but analysts believe the overall trend is upward.

China’s Zijin inks deals with two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Barrick sells 50% in Papua New Guinea unit to China's Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

Barrick sells Cowal mine to Evolution Mining for $550 million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

Northern Star transforms one of Australia's gold mining ugly ducklings

The mid-tier gold miner Northern Star Resources (ASX: NST) confirmed today that it had achieved A$11 million (US$11.53 million) in revenue in March from the Paulsens gold mine in the Pilbara region while incurring operating costs of about A$5 million (US$5.24 million). The operation produced 8,583 ounces of gold last month and sold 7,897 oz.