Northern Star to sell Kundana gold ops to Evolution for $294m
Reuters | July 21, 2021 | 5:08 pm
Australia Gold
Northern Star holds a 50% interest in the Kalgoorlie super pit in Western Australia. (
Australian gold miner Northern Star Resources Ltd said on Thursday it agreed to sell its Kundana operations in Western Australia to peer Evolution Mining Ltd for A$400 million ($294.28 million).
Evolution, in a separate exchange filing, said the acquisition raises its three-year gold production outlook, with fiscal 2022 production now expected between 700,000 and 760,000 ounces, up from 680,788 ounces in 2021.
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The assets include Northern Star’s 51% stake in each of East Kundana’s production and exploration joint ventures, a 75% stake in a West Kundana farm-in joint venture, and the company’s Carbine gold project.
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BlackRock World Mining Trust Plc - Final Results
PR Newswire
Annual Results Announcement (Article 4 Transparency Directive, DTR 4.1)
for the year ended 31 December 2020
Performance record
536.34
522.00
2,3
3
3
========
1 The change in net assets reflects market movements, dividends paid and the buyback of ordinary shares into treasury during the year.
2 This is the difference between the share price and NAV per share with debt at par. Further details of the calculation of the discount are given in the Glossary in the Annual Report and Financial Statements.
3 Alternative Performance Measures, see Glossary in the Annual Report and Financial Statements. Performance figures are calculated in sterling terms with dividends reinvested.