Northern Star Resources Completes Acquisition of De Grey Mining for $3.25bn

Australian gold miner Northern Star Resources has completed its $3.25bn acquisition of De Grey Mining through a court-approved scheme of arrangement. Eligible shareholders received Northern Star shares, while ineligible shareholders will receive proceeds from the sale of Northern Star shares. The acquisition aligns with Northern Star's strategy to generate superior returns for shareholders and enhances its asset portfolio.

Northern Star Resources (ASX: NST) has successfully completed its $3.25 billion acquisition of De Grey Mining through a court-approved scheme of arrangement. The transaction, which closed on May 6, 2025, aligns with Northern Star's strategy to enhance its asset portfolio and generate superior returns for shareholders.

Eligible shareholders of De Grey Mining received Northern Star shares in exchange for their De Grey Mining shares, while ineligible shareholders received proceeds from the sale of Northern Star shares. This acquisition marks a significant milestone for Northern Star, which aims to strengthen its position in the gold mining sector.

The acquisition of De Grey Mining adds substantial value to Northern Star's portfolio. De Grey Mining's Hemi gold mine, located in Western Australia, is a high-grade, low-cost operation that will significantly contribute to Northern Star's overall production and cash flow. The integration of De Grey Mining's operations is expected to enhance Northern Star's operational efficiency and increase its gold reserves.

Northern Star's acquisition of De Grey Mining follows a series of strategic moves in the gold mining sector. The company has been actively pursuing opportunities to expand its asset base and strengthen its competitive position. The acquisition of De Grey Mining is a key part of Northern Star's strategy to deliver superior returns to its shareholders.

The acquisition of De Grey Mining is expected to have a positive impact on Northern Star's financial performance. The integration of De Grey Mining's operations is expected to generate significant cost synergies and improve Northern Star's overall operational efficiency. Additionally, the acquisition is expected to increase Northern Star's gold production and reserves, which will enhance its long-term growth prospects.

Northern Star's acquisition of De Grey Mining is a testament to the company's strategic vision and its commitment to delivering value to its shareholders. The acquisition is a significant step forward in Northern Star's journey to become a leading gold mining company.

References:
[1] https://www.ntnews.com.au/business/stockhead/resources-top-5-gold-road-to-join-the-gold-fields-superhighway/news-story/f206037aa1a2bd68fab0216a10af6edf?nk=9504fa58c617389ff8cc6fd326200ae5-1746451367