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 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.Prospectus Northern Star Resources 6 November 2003 It was listed on the Australian Securities Exchange in December 2003.Northern Star Resources Limited: Admission to Official List Australian Securities Exchange 15 December 2003 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".
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. In 2010, Northern Star made its first major acquisition by buying the Paulsens Gold Mine from Intrepid Mines Limited for $40 million.
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". Beament was appointed executive chairman in 2016.
In 2019, Northern Star announced the acquisition of a 50 percent stake in the Super Pit gold mine from Newmont Goldcorp for $US800 million. 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.
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".
Operations Current Carosue Dam Gold Mine (4 underground mines: Karari, Whirling Dervish, Porphyry 45 km north and Deep South mine 70 km to the North) Jundee Gold MineNorthern Star completes takeover of Jundee gold mine Australian Mining 3 July 2014 Kanowna Belle Gold MineNorthern Star buys two more of Barrick's gold mines Australian Mining 23 January 2014 KCGM Operations (Kalgoorlie Super Pit and Mt Charlotte underground)Northern Star becomes Super Pit joint owner Australian Mining 6 January 2020 Pogo Gold MineNorthern Star to acquire Pogo gold mine for $US260m Australian Mining 30 August 2018 South Kalgoorlie Gold Mine or Jubilee Gold MineMineral Resources at 31 March 2021 Northern Star Resources Thunderbox Gold Mine (1 underground mine: Thunderground & 2 Open Pit Mines)
Former Plutonic Gold MineCompany Overview Superior Gold Kundana Gold Mine and East Kundana Joint Venture (51 percent Northern Star Resources), sold to Evolution Mining in July 2021 Paulsens Gold Mine sold to Black Cat Syndicate in June 2022Completion of Coyote and Paulsens Acquisitions Black Cat Syndicate 15 June 2022
References
External links MINEDEX website: Northern Star Resources Ltd Database of the Department of Mines, Industry Regulation and Safety