Macquarie rates Northern Star Resources (NST) Outperform following the acquisition od thje Plutonic Gold Mine from Barrick

Macquarie rates Northern Star Resources (NST) Outperform following the acquisition od thje Plutonic Gold Mine from Barrick. NST have acquired the Plutonic Gold Mine in Western Australia for A$25M from Barrick Gold. NST will officially take ownership on the 1st of Feb 2014. The acquisition of the Plutonic Mine from Barrick Gold has propelled NST into the ranks of being a mid tier 200kozpa ASX-200 listed gold producer. NST remains one of our key picks in the ASX mid-cap gold sector. NST has made a value & EPS accretive transaction acquiring Plutonic for A$25m.