Northern Star buys Jundee Gold Mine

Northern Star’s buying spree continues. The one-time mining minnow has announced another purchase, its fifth in 12 months, this time buying the Jundee Gold Mine in Western Australia from Newmont. Jundee is the fifth largest mine in Australia and has produced gold for more than two decades. It will propel Northern Star’s output from 350,000 to 550,000 ounces a year, making it the second-largest gold miner in the land. Northern Star will pay $82.5m for Jundee, which last year produced 279,000 ounces of gold. The mine is expected to produce more than 200,000 ounces per year for another 2-3...

Northern Star’s buying spree continues. The one-time mining minnow has announced another purchase, its fifth in 12 months, this time buying the Jundee Gold Mine in Western Australia from Newmont. Jundee is the fifth largest mine in Australia and has produced gold for more than two decades. It will propel Northern Star’s output from 350,000 to 550,000 ounces a year, making it the second-largest gold miner in the land.

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