Recent Developments in the Australian Mining Sector (UPDATED) | Hogan Lovells
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Gold miner Northern Star Resources reports strong results in FY21
mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
Northern Star awards $73 4m contract for Thunderbox expansion project
mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
Northern Star deal propels Evolution toward a million ounces
Share
Evolution Mining has turbo-charged the growth plan it announced last week by agreeing to pay $400 million for a collection of Northern Star’s mines on the western side of Kalgoorlie.
Evolution will fund the deal through a $400 million placement to institutional investors at a 5.4 per cent discount to Wednesday’s share price, and the company will offer a further $50 million of new shares to ordinary shareholders.
The transaction will allow Evolution to consolidate a major land package in the famous gold district between Kalgoorlie and Coolgardie by acquiring Northern Star’s wholly-owned Kundana mine and Northern Star’s 51 per cent stake in the neighbouring East Kundana joint venture.