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Two major WA gold miners plan merger to create $16b giant – NEWS.com.au
Two major WA gold miners plan merger to create $16b giant
Two of WAs biggest gold miners are merging to create a $16 billion giant that will bring Kalgoorlies famous Golden Mile under one owner for the first time in its 125-year-plus history.Under the plan announced on Tuesday, Northern Star will absorb its Super Pit joint venture partner Saracen.
Northern Star’s shareholders will own 64 per cent of the combined entity, while Saracen shareholders will hold the remaining 36 per cent.
Saracen shareholders will receive roughly one-third of a Northern St…
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