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

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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)


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