# Shareholders approve $16B merger of Northern Star Resources and Saracen Mineral Holdings

Shareholders of Northern Star Resources and Saracen Mineral Holdings voted 99.95% in favor of a $16 billion merger, creating the world's eighth-biggest gold producer. The merger consolidates ownership of the Super Pit gold mine in Kalgoorlie-Boulder, Australia.

- Type: Acquisition
- Announced: 2021-01-15
- Where: Kalgoorlie-Boulder, Western Australia, Australia
- Value: $16.0B
- Status: announced
- Capacity: 2 million ounces per year by 2027
- 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

- [abc.net.au](https://www.abc.net.au/news/2021-01-15/16-billion-dollar-merger-of-kalgoorlie-super-pit-co-owners/13058480), 2021-01-14: "99.95 per cent of votes were in favour of combining Perth-based miners Northern Star Resources and Saracen Mineral Holdings."
- [im-mining.com](https://im-mining.com/category/mining-mergers-and-acquisitions/page/28/), 2021-01-27: "Saracen Mineral Holdings Lt has announced today that the requisite majorities of its shareholders today..."
- [miningnews.net](https://www.miningnews.net/deal-and-or-merger-of-the-year/news/1414157/mnn-awards-northern-star-saracen-deal-changes-aussie-gold-landscape), 2021-07-20: "On October 6, Northern Star and Saracen formally announced a nil-premium scrip merger of equals that would see Saracen shareholders receive 0.3763 of a Northern Star share for each share held."

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