Northern Star Resources
 | |
| ASX: NST | |
| Industry | Mining |
| Founded | 2003 |
| Headquarters | |
| Products | Gold |
Production output | 1,633,615 ounces (2024–25) |
| Revenue | $6.4 billion (2025) |
| $3.5 billion (2025) | |
| Website | www.nsrltd.com |
Northern Star Resources is an Australian gold mining company listed on the Australian Securities Exchange (ASX:NST) with operations in Western Australia and Alaska.
History
[edit]Northern Star Resources Ltd (NSR) was founded in December 2003 to search for and develop ore deposits in the East Kimberley region of Western Australia.[1] It was listed on the Australian Securities Exchange in December 2003.[2] With Jubilee Mines NL as the cornerstone investor, it initially focused on greenfields exploration near Halls Creek but was unsuccessful and by the Global Financial Crisis was "teetering on bankruptcy".[3]
In 2007, Bill Beament was appointed CEO. He subsequently led a recapitalisation of the company with Michael Fotios, raising funds at 1.25 cents per share and with a market capitalisation of just $1 million. Beament sought to refocus on undervalued mining assets using his background as an underground geologist.[3] In 2010, Northern Star made its first major acquisition by buying the Paulsens Gold Mine from Intrepid Mines Limited for $40 million.[4]
The Paulsens acquisition launched Northern Star as a gold producer and during the 2014 financial year the company rapidly expanded by buying four additional mines, including Jundee Gold Mine. This made it "the nation's second-biggest goldminer, behind Newcrest Mining".[5] Beament was appointed executive chairman in 2016.[6]
In 2019, Northern Star announced the acquisition of a 50 percent stake in the Super Pit gold mine from Newmont Goldcorp for $US800 million.[7] In October 2020, a merger between NSR and Saracen Mineral Holdings, its joint venture partner in the Super Pit, was proposed. The merger was completed in February 2021 when Saracen was de-listed from the Australian Securities Exchange.[8][9]
By 2026, following a surge in gold prices, Northern Star had reached a market capitalisation of $44 billion and was "the country's largest listed gold producer".[10]
Operations
[edit]Current
[edit]- Carosue Dam Gold Mine (4 underground mines: Karari, Whirling Dervish, Porphyry[11] 45 km north and Deep South mine 70 km to the North)
- Jundee Gold Mine[12]
- Kanowna Belle Gold Mine[13]
- KCGM Operations (Kalgoorlie Super Pit and Mt Charlotte underground)[14]
- Pogo Gold Mine[15]
- South Kalgoorlie Gold Mine or Jubilee Gold Mine[16]
- Thunderbox Gold Mine (1 underground mine: Thunderground & 2 Open Pit Mines)
Former
[edit]- Plutonic Gold Mine[17]
- Kundana Gold Mine and East Kundana Joint Venture (51 percent Northern Star Resources), sold to Evolution Mining in July 2021[18]
- Paulsens Gold Mine sold to Black Cat Syndicate in June 2022[19]
References
[edit]- ↑ Prospectus Northern Star Resources 6 November 2003
- ↑ Northern Star Resources Limited: Admission to Official List Australian Securities Exchange 15 December 2003
- 1 2 Durkin, Patrick (13 May 2016). "Why Bill Beament of Northern Star Resources tops the CEOs Who Deliver 2016". Australian Financial Review. Retrieved 14 March 2026.
- ↑ Mills, Michael (30 June 2010). "Intrepid sells Paulsens gold mine to Northern Star for revised offer". Australian Mining. Retrieved 8 April 2022.
- ↑ Ker, Peter (14 May 2014). "Northern Star buys coveted Jundee mine". Sydney Morning Herald. Retrieved 14 March 2026.
- ↑ Ingram, Tess (1 September 2016). "Northern Star Resources makes big board changes". Australian Financial Review. Retrieved 14 March 2026.
- ↑ Thompson, Brad (17 December 2019). "Northern Star joins Saracen at Superpit mine". Australian Financial Review. Retrieved 14 March 2026.
- ↑ Haselgrove, Salomae (6 October 2020). "Super merger: Northern Star and Saracen to join forces". Australian Mining. Retrieved 5 April 2022.
- ↑ Kelly, Elise (12 February 2021). "Northern Star (ASX:NST) completes merger with Saracen (ASX:SAR)". The Market Herald. Retrieved 5 April 2022.
- ↑ Wembridge, Mark (13 March 2026). "Gold giant Northern Star crashes to earth after another guidance cut". Australian Financial Review. Retrieved 14 March 2026.
- ↑ "Rapid deployment solar and battery cubes to slash diesel use at WA gold mine". RenewEconomy. 8 May 2024.
- ↑ Northern Star completes takeover of Jundee gold mine Australian Mining 3 July 2014
- ↑ Northern Star buys two more of Barrick's gold mines Australian Mining 23 January 2014
- ↑ Northern Star becomes Super Pit joint owner Australian Mining 6 January 2020
- ↑ Northern Star to acquire Pogo gold mine for $US260m Australian Mining 30 August 2018
- ↑ Mineral Resources at 31 March 2021 Northern Star Resources
- ↑ Company Overview Superior Gold
- ↑ "Evolution to expand Kalgoorlie foothold with Kundana acquisition". Australian Mining. 22 July 2021. Retrieved 4 April 2022.
- ↑ Completion of Coyote and Paulsens Acquisitions Black Cat Syndicate 15 June 2022
External links
[edit]- MINEDEX website: Northern Star Resources Ltd Database of the Department of Mines, Industry Regulation and Safety
