Northern Star Resources buys De Grey Mining for $5 billion, becoming Australia's biggest gold producer.

Australian gold miner Northern Star Resources is acquiring De Grey Mining for about $5 billion, positioning itself as the largest ASX-listed gold producer. The deal includes De Grey's key Hemi project, a major gold development in Western Australia's Pilbara region and one of the world's largest untapped gold prospects. Northern Star already operates the "super pit" mine, producing about 437,000 ounces of gold annually. The acquisition is expected to boost Northern Star's gold output and shareholder value.

December 01, 2024
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