News Articles for Northern Star Resources

SPECIAL REPORT: Blackham Resources has overcome a number of hurdles following its transition from explorer to producer, while the state's emerging miners wrapped-up a busy 12 months.

SPECIAL REPORT: The gold royalty hike proposed in this month's state budget has stunned the sector, amid big spending plans for the year ahead.

Gold miners have warned of devastating consequences from a higher royalty rate, including potential mine closures, while business groups have also taken aim at proposed payroll tax hikes for larger employers, after both were targeted in a $1 billion revenue grab by the state government in today's budget.

Poseidon Nickel is in discussions with Empire Resources for the processing of gold ore at its mothballed Black Swan processing facility near Kalgoorlie, while Empire has secured two loan deals to help pay for essential mining costs.

The state government has named the 43 successful applicants that will share in about $5 million for exploration drilling programs, with over half of those being gold projects.

Poseidon Nickel has entered into an agreement with Northern Star Resources to explore the use of its Black Swan operation to process gold ore.

Gold miner Northern Star Resources has outlined its new dividend policy after achieving a record profit result for the 2017 financial year.

Northern Star Resources boss Bill Beament has called on the state government to commit $100 million towards the development of a mining education hub in Kalgoorlie through Curtin University's WA School of Mines (WASM).

Gold miner Northern Star Resources achieved record production in the June quarter, taking full-year production to the top end of its guidance.

SPECIAL REPORT: Backdoor-listed technology businesses and mining hopefuls have joined the state's top performers in financial year 2016 in Business News's annual analysis of total shareholder returns.

Mining contractor Barminco will continue providing its services to Western Areas' Flying Fox and Spotted Quoll nickel mines under a $236 million contract extension.

Tribune Resources and Rand Mining will empty their cash reserves to pay out inaugural dividends to their shareholders, with their shared managing director to reap $3.1 million.

Mining work at the Kundana gold operation will be done in-house from next month, after majority owner Northern Star Resources ended a $275 million contract with Barminco two years early.

Shares in Zenith Energy were up 10 per cent to 55 cents after the remote generation operator listed on the ASX today, with the company planning to use the $25 million it raised to move into renewables and microgrid technology.

Women account for just 8.7 per cent of board positions at the top 100 Western Australian companies listed on the ASX, a report by the Committee for Perth has found.

ANALYSIS: Any improvement in the state's budget position is entirely dependent on the corporate sector returning to full health.

SPECIAL REPORT: Eight years after HiSeis was spun out from Curtin University, executive chairman Don Pridmore believes its use of seismic technology in mineral exploration is starting to gain traction.

Western Australian businesses contributed nearly $2 million to the two major political parties in the 2016 financial year, according to recently released disclosures, while trade unions gave about $1.1 million directly to the local branch of the Labor Party.

Gold miners operating in Western Australia performed solidly in the three months to December, with Northern Star Resources, Independence Group and Evolution Mining all posting strong results.

Primary Gold has promoted Garry Mills to the role of managing director, nearly a year after his predecessor resigned, with the company also foreshadowing a board-shake up in the coming months.

An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).

The United States Associated Press has called the presidential election for Republican candidate Donald Trump, after he won swing states Ohio and Florida and pulled bricks out of Hillary Clinton's rust belt blue wall, pushing WA gold stocks well up and causing volatility across financial markets.

A neuroscience-focused business that has been backed by the Perth-based Trevisan family has made a solid debut on the ASX after completing a $7 million initial public offering led by Azure Capital.

Saracen Mineral Holdings managing director Raleigh Finlayson has told today's WA Mining Club lunch that local mid-tier gold miners had squandered a share price premium during the boom years, but had since built up a strong case to trade at above underlying value.

Interest from North American pension funds could help drive continued strength in the gold sector, although tax competitiveness and policy stability will be important, according to industry leaders.

Local gold miner Northern Star Resources has entered into a joint venture agreement to acquire a major stake in Pioneer Resources' Acra gold project near Kalgoorlie in a deal worth up to $3.5 million.

The Business News index of 30 Western Australian companies outperformed the ASX200 in the September quarter on the back of stronger showings from a handful of miners and contractors.

Perth-based private mining contractor Barminco has posted a 30.7 per cent rise in operating profit for the 2016 financial year, with the company optimistic about prospects in the gold sector for the year ahead.

SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.

SPECIAL REPORT: Some of Western Australia's biggest gold miners plan to boost their exploration spend in the coming year, with Saracen Mineral Holdings and Northern Star Resources among those committed to putting increasing amounts ‘into the ground'.

Northern Star Resources has announced a major board restructure that includes the recruitment of two new directors and, in an unusual move that is at odds with corporate governance guidelines, the promotion of managing director Bill Beament to executive chairman.

IT might not feel like it, but there are early signs of boom conditions forming in some parts of the state's mining industry, with two sectors in particular benefiting from events in the markets for commodities, labour, and capital equipment.

Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full-year profit, on the back of higher gold prices and a reduction in costs.

Former Perth Wildcats owner Andrew Vlahov has ended his tenure as chief executive of thermal energy company Enerji after spending just over a year in the role.

Northern Star Resources has cut its production guidance after agreeing to sell its Plutonic gold mine in Western Australia for an inital $37.5 million, but it plans to spend $130 million on exploration and expansion work at its other assets.

Gold's rising stocks and role in the post-boom recovery will make this year's Diggers & Dealers the most promising for many years.

Gold miner Northern Star Resources has posted a 65 per cent jump in full-year profit on the back of higher gold prices and a reduction in costs.

Below-guidance costs at Northern Star Resources have helped the gold miner increase free cash flow by 21 per cent, according to its quarterly activities report released today.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.