Key Developments: Northern Star Resources Ltd (NST.AX)

NST.AX on Australia Stock Exchange

1.64AUD
11 Jul 2014
Price Change (% chg)

$0.06 (+4.11%)
Prev Close
$1.58
Open
$1.62
Day's High
$1.70
Day's Low
$1.60
Volume
5,148,203
Avg. Vol
3,273,481
52-wk High
$1.70
52-wk Low
$0.62

Search Stocks

Latest Key Developments (Source: Significant Developments)

Northern Star Resources Limited completes acquisition of the Jundee Gold Mine from Newmont for A$82.5 mln
Tuesday, 1 Jul 2014 05:00pm EDT 

Northern Star Resources Limited:Advise that it has completed the acquisition of the Jundee Gold Mine in WA from Newmont Mining Corporation.The settlement of the purchase means Northern Star is firmly on track to produce at the rate of 550,000-600,000 ounces a year at an all-in sustaining cost of A$1,050/oz.The deal follows Northern Star’s recent acquisitions of the Plutonic, Kanowna Belle and Kundana (NST: 51 pct.) gold mines in WA.Northern Star paid Newmont A$82.5 million for Jundee. It also agreed to issue shares valued at A$10 million to a third party in return for that party waiving its first right of refusal to acquire Jundee.  Full Article

Northern Star Resources Limited announces satisfaction of conditions precedent for jundee acquisition
Wednesday, 25 Jun 2014 06:30pm EDT 

Northern Star Resources Limited:Says that conditions precedent in relation to the acquisition of the Jundee Gold Mine from Newmont Mining Corporation have been satisfied.Completion is expected to occur on July 1, 2014.The Jundee acquisition will see northern star become the second biggest ASX listed gold miner with annual production of ~550-600kozpa at $1,050/oz all-in sustaining costs.  Full Article

Newmont Mining Corp signs binding agreement with Northern Star Resources Limited to sell jundee underground gold mine in Australia
Monday, 12 May 2014 06:50pm EDT 

Newmont Mining Corp:Says it has entered into a binding agreement with Northern Star Resources Limited to sell the Jundee underground gold mine in Australia for total proceeds of about A$91 million.Sale comprised of cash at closing of about A$77 million plus a further payment of about A$14 million for working capital.Northern Star is acquiring all of Jundee's assets and liabilities including all environmental and employee obligations.The sale is expected to close in early July.  Full Article

Northern Star Resources Ltd announces ownership interest of BlackRock Inc. and subsidiaries
Thursday, 13 Mar 2014 07:59pm EDT 

Northern Star Resources Ltd:Says that BlackRock Inc. and subsidiaries has an interest in 82,150,645 ordinary shares of Northern Star Resources, representing 14.19 pct. of total voting power.Previously, BlackRock Inc. and subsidiaries had an interest in 25,922,306 ordinary shares of Northern Star Resources, representing 6.11 pct. of total voting power.  Full Article

Barrick Gold Corp completes divestiture of Kanowna in Australia to Northern Star Resources Ltd
Saturday, 1 Mar 2014 10:02am EST 

Barrick Gold Corp:Says it has completed the divestiture of its interest in the Kanowna Belle and Kundana mine operations in Western Australia to Northern Star Resources Ltd for total cash consideration of A$75 mln.  Full Article

Northern Star Resources Ltd declares interim dividend
Thursday, 27 Feb 2014 02:18am EST 

Northern Star Resources Ltd:Declares a fully-franked interim dividend of 1 cents a share, in line with the previous corresponding period.Record date March 13.Payment date April 04.  Full Article

Northern Star Resources Ltd announces raising of fund
Wednesday, 26 Feb 2014 11:29pm EST 

Northern Star Resources Ltd:Issues 33,554,440 ordinary fully paid shares at an issue price of A$0.86.Raising to fund the acquisition of a 51 pct stake in the East Kundana Joint Venture and 100 pct of the Kanowna Belle Gold Mine.  Full Article

Dampier Gold Ltd announces share holdings by Northern Star Resources Ltd
Monday, 3 Feb 2014 04:27am EST 

Dampier Gold Ltd:Says Northern Star Resources Ltd holds 3,400,000 ordinary fully paid shares representing 5.0986 pct in the share capital of the company.  Full Article

Northern Star Resources Ltd completes A$100 mln equity raising
Thursday, 23 Jan 2014 08:04pm EST 

Northern Star Resources Ltd:Says it has raised A$100 mln in a share placement as part of its strategy to fund the acquisition of the East Kundana Joint Venture in WA.Says the demand for the placement was substantially in excess of A$100 million, reflecting the strong support Northern Star has received for the acquisition from major investors.Says the placement was completed at A$0.86 per share.Says a share purchase plan will also be offered at A$0.86, giving all existing shareholders the opportunity to participate at the same price as the placement.Says the raising will be done in two tranches, with the second tranche subject to shareholder approval.Says the proceeds of the raising will be used to help fund the East Kundana JV and Kanowna Belle acquisitions as well as provide working capital.  Full Article

Barrick Gold Corp announces agreement to divest Kanowna in Australia to Northern Star Resources Ltd
Wednesday, 22 Jan 2014 05:41pm EST 

Barrick Gold Corp:Says that it has agreed to divest its interest in the Kanowna Belle and Kundana mine operations (collectively Kanowna) in Western Australia to Northern Star Resources Ltd for total cash consideration of A$75 mln.Says the transaction is expected to close in Mar.Says UBS Securities Canada Inc. and BofA Merrill Lynch are acting as financial advisors to Barrick with respect to the transaction. Clayton Utz is acting as legal counsel to Barrick.  Full Article

UPDATE 1-Barrick Gold to sell Kanowna mine in Australia

TORONTO, Jan 22 - Barrick Gold Corp said on Wednesday it has agreed to sell its Kanowna gold mine in Western Australia to Northern Star Resources Ltd for A$75 million ($66.4 million), as part of its move to sell non-core assets and focus on its lower cost mines.

Search Stocks