Northern Star Resources (NST), an Australian gold producer that's agreed deals to buy assets from Barrick Gold is seeking further acquisitions after raising...

Livewire News

Livewire

Northern Star Resources (NST), an Australian gold producer that's agreed deals to buy assets from Barrick Gold is seeking further acquisitions after raising about A$130 million in share sales. We could easily do a deal on our balance sheet of up to a couple of hundred million dollars now if there was something that warranted that, Managing Director Bill Beament said in a phone interview from Perth. It is a once-in-a-generational change in the ownership in the Australian gold space at the moment. Will it be around in 12 to 18 months? I'm not quite sure it will be, Beament said. While gold is, at the moment, counter-cyclical then you'd be mad not to keep looking. (VIEW LINK)


1 topic

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment