# Northern Star to acquire Saracen Mineral Holdings in $16B merger

Northern Star Resources will acquire 100% of Saracen Mineral Holdings in a merger valued at $16 billion, creating a top-10 global gold company. The merger consolidates ownership of the Kalgoorlie Super Pit under a single operator.

- Type: Acquisition
- Announced: 2020-10-06
- Where: Kalgoorlie, Western Australia, Australia
- Value: $11.5B (16.0B AUD)
- Status: announced
- Capacity: 2 million oz per year (target)
- 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

- [stockhead.com.au](https://stockhead.com.au/resources/northern-star-and-saracen-merger-could-ignite-gold-takeovers/), 2020-10-06: "This is a significant value-creating merger and acquisition."
- [australianmining.com.au](https://www.australianmining.com.au/is-aussie-ma-set-to-rise/), 2020-11-19: "Northern Star Resources and Saracen Mineral Holdings’ announcement of a $16 billion merger has brought anticipation for the rise of a new top 10 global gold producer"

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