Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce
Shareholders in Tanami Gold have overwhelmingly supported a tie-up with Northern Star Resources, despite the threat of legal action from rival miner and would-be partner Metals X.
Metals X has issued a stern warning to Tanami Gold claiming it would be financially unwise to accept Northern Star Resources' bid for the Central Tanami gold project over its own proposal.
The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.
West Perth-based miner Metals X has hit back at Northern Star Resources' bid for Tanami Gold's Central Tanami project with claims that the deal conflicted with legally-binding obligations.
Two of Western Australia's most successful gold miners are competing to gain control of Tanami Gold's Central Tanami project, indicating the growing investor interest in the gold mining sector.
Subiaco-based gold producer Northern Star Resources will become Alchemy Resources' largest shareholder by purchasing the company's Hermes deposit in the Bryah Basin for $1.45 million.
Gold producer Northern Star Resources is calling the past six months a defining period for the company, with a combination of strong growth in production, lower costs and increased free cashflow.
Northern Star Resources says it is generating over $200 million in free cash flow per year on the back of an expansion of its asset base, lower costs and increased gold sales.
Subiaco-based gold producer Northern Star Resources says high-grade drilling results at its Paulsens gold mine near Paraburdoo point towards a significant increase in resources and mine life.
A business led by Northern Star Resources chairman Chris Rowe has capitalised on cost cutting by oil and gas companies to position itself among the world's elite commercial operators of underwater drones.
The latest numbers from Western Australia's listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state's royalty system might erode margins beyond break-even.
Local gold producer Northern Star Resources has announced a substantial discovery at its White Feather project, near its existing Kanowna Belle gold mine.
Gold miner Northern Star Resources has outlined plans to spend $50 million next year on exploration activity, after announcing a high-grade gold discovery on the Millennium tenement at its Kundana project near Kalgoorlie.
A joint venture between Ord River Resources and Dampier Gold has entered into a binding ore treatment agreement with Northern Star Resources for use of its Plutonic processing facility for an undisclosed sum.
Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios's investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.
FEATURE: Les Davis and Bill Beament are two of the Western Australian gold industry's most influential people, but the person who has infinitely more power over gold in WA than the chief executives of Silver Lake and Northern Star doesn't live here.
FEATURE: If the adage ‘three strikes and you're out' applied to the gold mining industry, the curtains would already have been drawn; but some determined locals are fighting on.
Carnegie Wave Energy chief executive officer Michael Ottaviano and Northern Star Resources boss Bill Beament were among the winners of the EY Entrepreneur of the Year western region awards.
Western Australian based stocks rose 18.9 per cent in the twelve months to Hune 30, but most of the gains were in the first six months of that period, according to the Deloitte WA Index released today.
In the first of a four-part series featuring EY Entrepreneur of the Year nominees, we spoke to Bill Beament about the extraordinary growth of Northern Star Resources.
Western Australia's gold producers continue to suffer at the hands of a strengthening Australian dollar, with more job losses revealed across the sector last week.
Gold producer Northern Star Resources said today it expects to lift 2015 production to 600,000 ounces, at the top end of its guidance range, after it more than doubled the resource at its Pegasus deposit at the Kundana mine.
Northern Star Resources has cleared the main hurdle to its acquisition of the Jundee gold mine while also announcing monthly production results that were better than its own targets.
Mining contractor Byrnecut has been awarded a $200 million contract for underground mining at Sandfire Resources' DeGrussa copper-gold mine near Meekatharra.
In this week's edition of Business News Background, head of content Mark Pownall and news editor Mark Beyer discuss the federal budget's impact on business, floating LNG, Euroz, Northern Star Resources, law firms and Hard Rock Cafe.
It may not be a feeding frenzy, yet, but the flood of deals in the Australian mining industry is a pointer to a significant and very positive mood swing.
Northern Star Resources has continued its aggressive expansion strategy, announcing it will buy the Jundee gold mine in Western Australia from Newmont Mining for $82.5 million.
Masked by the delay in plans to merge Barrick Gold and Newmont Mining to create a $33 billion global gold mining giant is another sign that Western Australia's resources industry is losing its international investment appeal.
SPECIAL REPORT: The gold and technology sectors have experienced a boost in investment activity for the March quarter, but doubts remain over whether it will last.
Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.
Northern Star Resources is planning one more acquisition after two recent purchases and an “aggressive” strategy made it Australia's fifth largest ASX-listed gold producer.
