Northern Star Resources Ltd ( (AU:NST) ) just unveiled an announcement.
Northern Star Resources Ltd has successfully completed the acquisition of De Grey Mining Ltd through a Court-approved Scheme of Arrangement. This strategic move aligns with Northern Star’s goal to enhance its asset portfolio by integrating the Hemi gold project, expected to be a low-cost, long-life, large-scale gold mine. The acquisition is anticipated to bolster Northern Star’s market position and generate cash earnings, while fostering relationships with stakeholders in the Hemi project area.
More about Northern Star Resources Ltd
Northern Star Resources Ltd is a prominent player in the mining industry, primarily focused on gold production. The company is known for its strategic operations in Western Australia, a tier-1 mining jurisdiction, and aims to generate superior returns for its shareholders through its high-quality asset portfolio.
YTD Price Performance: 30.03%
Average Trading Volume: 6,435
Technical Sentiment Signal: Strong Sell
Current Market Cap: $14.14B
See more insights into NST stock on TipRanks’ Stock Analysis page.