Northern Star and Saracen agree to $16B merger

Northern Star Resources and Saracen Mineral Holdings agreed to a merger-of-equals worth $16 billion, creating a top 10 global gold producer. The merger consolidates ownership of the Kalgoorlie Super Pit for the first time in 125 years and is expected to achieve up to $2 billion in cost savings.

“This is one of the most logical and strategic merger and acquisition transactions the mining sector has seen.”smh.com.au

• 2 sources
• smh.com.auAustralian gold miners Northern Star, Saracen agree to $16b mergerNick Toscano, Lucy BattersbyOct 5, 2020
• australianmining.com.auSuper merger: Northern Star and Saracen to join forces - Australian MiningSalomae HaselgroveOct 5, 2020

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