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Australia's Northern Star plan to buy De Grey Mining for US$3.3 billion
By Melanie Burton and Aaditya Govind Rao
From Reuters
Monday, December 2, 2024
MELBOURNE, Australia -- Australian gold miner Northern Star Resources said today it will buy De Grey Mining in an all-share deal valuing the smaller miner at A$5 billion (US$3.3 billion) as high gold prices spur consolidation in the sector.
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For Northern Star the deal offers low-cost, medium- to longer-term growth through access to De Grey's Hemi gold development project in Western Australia, which will ramp up toward the end of the decade. ...
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