Northern Star to Acquire De Grey, Boosting Gold Portfolio

Northern Star Resources Ltd (AU:NST) has released an update.

Northern Star Resources is set to acquire De Grey Mining in a deal valued at approximately A$5 billion, enhancing its portfolio with the Hemi gold project in Western Australia. This acquisition, which offers De Grey shareholders a 37.1% premium on their shares, aligns with Northern Star’s strategy to boost production and shareholder returns. The combined entity will capitalize on Northern Star’s mining expertise and aims to become a top global gold producer, with significant production increases anticipated by FY29.

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