# 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.

- Type: Acquisition
- Announced: 2020-10-06
- Where: Kalgoorlie, Western Australia, Australia
- Value: $16.0B
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Saracen Mineral Holdings](https://endata.com/companies/21674.md) (target)
- [Northern Star Resources](https://endata.com/companies/31091.md) (acquirer)

## Sources

- [smh.com.au](https://www.smh.com.au/business/companies/australian-gold-miners-northern-star-saracen-agree-to-16b-merger-20201006-p562cw.html), 2020-10-05: "This is one of the most logical and strategic merger and acquisition transactions the mining sector has seen."
- [australianmining.com.au](https://www.australianmining.com.au/super-merger-northern-star-and-saracen-to-join-forces/), 2020-10-05: "This is one of the most logical and strategic merger and acquisition (M&A) transactions the mining industry has seen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.