News Articles for Northern Star Resources

The Australian share market has surged as investors snapped up blue-chip banks, supermarket, healthcare and mining stocks at bargain prices.

The Australian share market has suffered yet another day of carnage, plunging again after US President Donald Trump suspended travel from Europe for a month to limit the coronavirus pandemic.

The Australian share market has plunged 2.36 per cent in a sell off across the board after the coronavirus was declared a pandemic and US equity markets plunged overnight.

SPECIAL REPORT: Capital for the junior mining sector is drying up amid growing concern the traditional business model for small explorers is broken.

The Australian share market has rebounded from a huge opening fall that came after panic selling smashed global equities markets overnight.

The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.

Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.

Warring joint venture partners Northern Star Resources and Tribune Resources have been cautioned by a Supreme Court judge to avoid a 'Stalingrad' outcome of mutual commercial devastation.

Shares in Northern Star Resources have continued their steady recovery back towards record levels after the gold miner reported improved half-year profits, declared higher dividends and foreshadowed further growth.

A summary of the smaller deals from last week, which may not have been included in our daily news coverage.

Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.

Northern Star Resources said it was on track to meet production guidance of around 1 million ounces of gold this year, helped by its recent acquisition of a 50 per cent stake in the Kalgoorlie Super Pit and strong performance across its Australian operations, but also disclosed today an increase in its operating costs.

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

OPINION: WA again stands to be the beneficiary of trouble elsewhere, with local producers of lithium, gold, iron ore and hydrocarbons the likely winners.

Horizon Minerals and mega gold miner, Northern Star Resources, have put the final ink on an agreement for a straight swap of mining and exploration tenements, which will strengthen Horizon's gold project holdings near Kalgoorlie and Coolgardie in the WA Goldfields region. Horizon will secure three gold projects near Coolgardie and four projects near Kalgoorlie, including Golden Ridge which has produced over 253,000 ounces of gold.

Investors have signalled their approval for Northern Star Resources' Super Pit acquisition, with its $765 million share placement closing heavily oversubscribed.

Northern Star Resources has confirmed it is the new owner of a half stake in Kalgoorlie-Boulder's famous Super Pit, with the gold miner announcing an $US800 million ($1.16 billion) deal with Newmont Goldcorp.

Northern Star Resources has gone into a trading halt, with speculation mounting the acquisitive gold miner is raising funds to acquire a half stake in the Super Pit.

Primero Group has secured three new construction contracts, including a $115 million arrangement with Rio Tinto, while also announcing a capital raising of $7.6 million.

Mining executives Bill Beament and Raleigh Finlayson have highlighted the way in which equity incentives can deliver big returns.

Northern Star Resources executive chairman Bill Beament has been handsomely rewarded for the gold miner's strong performance over the past few years, with the recent exercising of three million performance rights.

Shares in Northern Star Resources slumped today following the release of a quarterly update for its Pogo mine in Alaska, but the gold miner has assured investors that the weak results from the highly-touted operation were expected.

Northern Star Resources has surpassed a 50 per cent stake in takeover target Echo Resources, and has moved swiftly to change the board of the gold junior.

Northern Star Resources executive chairman Bill Beament will have his fixed annual remuneration nearly doubled for the 2020 financial year, with the potential to earn up to $7.2 million.

Northern Star Resources and Evolution Mining have emerged as the main contenders to acquire Barrick Gold's share in the historic Kalgoorlie Super Pit.

The state's gold miners are positioning themselves to take advantage of the commodity's surging value.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Northern Star Resources will outlay $43 million to expand the capacity of its Pogo gold mine in Alaska by 30 per cent.

Northern Star Resources has announced a $193 million takeover offer to acquire Echo Resources, less than an hour after executive chairman Bill Beament said the company was exploring a range of growth options to take advantage of the high gold price.

Western Australia's resources sector has evolved a long way from the perception, erroneous or otherwise, that its biggest and most profitable players are only interested in removing minerals from the ground and selling them to the highest bidder.

Northern Star Resources and Saracen Mineral Holdings have budgeted $76 million and $50 million towards exploration for this financial year, respectively, as the gold miners seek to continue to boost their record level of reserves.

Northern Star Resources' June quarter and 2019 financial year results have fallen slightly below guidance, but it has still set new quarterly and annual sales records on progress at its Pogo mine in Alaska.

The gold price touched an all-time high today in Australian dollar terms, sending the shares of many of the country's gold miners surging, led by Resolute Mining and Northern Star Resources.

Crown Resorts' Barry Felstead and ABN Group's Andrew Roberts are among the top five fundraisers this year for Vinnie's CEO Sleepout, raising more than $130,000 each to help break the cycle of homelessness.

Hawaiian has sold Subiaco retail and office complex The Colonnade for $37.85 million, in a deal brokered jointly by JLL and Ray White Commercial.

The Australian dollar gold price has passed $2,000 an ounce for the first time, according to The Perth Mint, with five WA-linked goldminers putting on a combined $1.3 billion of value in today's trading.

Market research firm IBISWorld has identified five large gold mines in Western Australia set to shut down by 2025 because of low reserves, less than a month after a prominent gold mining consultancy rejected reports that Australian gold production is set to fall substantially.

Delays at Northern Star Resources' Pogo mine have dented the company's quarterly production, but the gold miner forecasts the next quarter's production will be a record.

Northern Star Resources executive chairman Bill Beament has sold about $22 million worth of shares in the gold miner, as part of a Family Court settlement.

Northern Minerals and Venturex Resources have announced share placements of $20 million and $3.65 million, respectively.