Northern Star set to seal $5b De Grey buyout in mega gold deal

Northern Star set to seal $5b De Grey buyout in mega gold deal

The price tag is the highest ever for an undeveloped Australian project, with the resources major hoping to take control of the promising Hemi development.

New Liebherr fleet commissioned for Super Pit

Liebherr-Australia commissioned five PR 776 dozers for Northern Star Resources which are the first of 13 brand-new Liebherr machines set to be commissioned for Northern Star Resources throughout 2025.

Northern Star’s new Tier 1 asset - Australian Resources & Investment

Image: De Grey MiningNorthern Star Resources is a step closer to acquiring De Grey Mining and the latter’s Tier 1-scale Hemi gold project in the Pilbara. Gold Road Resources, which owns approximately 17.26 per cent of De Grey, said it will back the acquisition when De Grey puts it to vote tomorrow. “Gold Road advises that it is supportive of the scheme and will vote all De Grey shares it holds or controls in favour of the scheme,” the company sa…

Northern Star Resources set to buyout rival De Grey mining

Northern Star Resources Ltd (ASX: NST) is set to acquire 100% of fellow gold miner De Grey Mining Ltd (ASX: DEG) in a court-approved deal that is set to reshape both companies. If De Grey shareholders approve the deal at the scheme meeting, which is to be held tomorrow (April 16), then we can expect the deal to be finalised by the end of April. What does this mean for investors moving forward? Let's take a dive and see. Northern Star not just mi…

Gold Road gives blessing to $5bn De Grey deal

Gold Road Resources has given its blessing for Northern Star Resources’ $5 billion deal for De Grey Mining after months of remaining mum on its voting intentions.

Gold Road backs Northern Star–De Grey scheme - Australian Mining

Core sample from the Hemi gold project in WA. Image: De Grey MiningGold Road Resources has thrown its support behind Northern Star’s proposed acquisition of De Grey Mining. Northern Star announced its $5 billion acquisition of De Grey in December. If successful, the deal will provide Northern Star with access to a low-cost, long-life and large-scale gold development via the Hemi gold project in Western Australia. Now, De Grey’s shareholders will…