Australia’s Northern Star splashes US$3.3bil in gold buy

Quick Summary:

MELBOURNE: According to Australian gold miner Northern Star Resources, it will buy De Grey Mining in an all-share deal valuing the smaller miner at A$5bil (US$3.3bil) as high gold prices spur consolidation in the sector.

Australia’s Northern Star splashes US$3.

Shares in Gold Road Resources, De Grey’s biggest shareholder with some 17% of the company according to London Stock Exchange Group, rose by 10%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: Northern Star Mining De Grey Mining Acquisition /Business/Business News Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24069022

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 51 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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