News Articles for Northern Star Resources

Perth businesspeople are surprisingly prominent on the latest BRW young rich list, with a local apartment developer ranked number three with an estimated fortune of $536 million.

SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.

If ever Western Australia is to have another slogan on vehicle number plates, then the favourite has to be a return to the short-lived ‘Golden State' catchphrase.

Northern Star Resources, Saracen Mineral Holdings and Evolution Mining have highlighted a profitable year for the gold mining sector.

New gold mining projects under way or in advanced planning will collectively deliver more than 1 million ounces to production each year when operational.

The past year has marked a period of major change at many of WA's gold producers in terms of personnel and pay.

Gold is a rare bright light in the mining industry, with major changes during the past two years to be followed by the opening of multiple new mines and more M&A deals. Click through to find the special report, which ranks WA producers, and looks at Gold Corp, executive pay, and new gold projects.

Northern Star Resources has reported big growth in its resource and reserve base on the back of increased exploration activity, but the market seemed to focus instead on a relatively small downgrade in its production guidance, with the gold miner's shares closing 5.6 per cent lower today.

Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.

Darren Stralow and Anthony Reilly have joined the board of Venturex Resources as non-executive directors.

Local miner Metals X has reached an agreement with Northern Mining to acquire the Georges Reward gold project at Bulong in Western Australia for a cash sum of $4.5 million.

Northern Star Resources says a record June quarter brought its free cash flow for the 2015 financial year to an unaudited $183 million.

The state government has provided a further $4.6 million for drilling and prospecting activities at 44 projects in Western Australia, including Fortescue Metals Group's Trifecta base metals project.

Venturex Resources has signed a conditional term sheet to sell its Pilbara copper-zinc project to a mining-focused investment group for $14 million in cash.

Former Perth Wildcats chief executive and owner Andrew Vlahov has been flagged as the new head of thermal energy company Enerji, as the company announces a board shake-up.

Clean power company Enerji has revealed its first hybrid solar thermal power station will be housed at one of Northern Star's mines, and future renewable energy projects with the gold miner are being considered.

Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce

Shareholders in Tanami Gold have overwhelmingly supported a tie-up with Northern Star Resources, despite the threat of legal action from rival miner and would-be partner Metals X.

Metals X has issued a stern warning to Tanami Gold claiming it would be financially unwise to accept Northern Star Resources' bid for the Central Tanami gold project over its own proposal.

Opportunistic local players are stepping up as foreign miners take their leave.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

West Perth-based miner Metals X has hit back at Northern Star Resources' bid for Tanami Gold's Central Tanami project with claims that the deal conflicted with legally-binding obligations.

Two of Western Australia's most successful gold miners are competing to gain control of Tanami Gold's Central Tanami project, indicating the growing investor interest in the gold mining sector.

Subiaco-based gold producer Northern Star Resources will become Alchemy Resources' largest shareholder by purchasing the company's Hermes deposit in the Bryah Basin for $1.45 million.

Gold producer Northern Star Resources is calling the past six months a defining period for the company, with a combination of strong growth in production, lower costs and increased free cashflow.

Northern Star Resources says it is generating over $200 million in free cash flow per year on the back of an expansion of its asset base, lower costs and increased gold sales.

Subiaco-based gold producer Northern Star Resources says high-grade drilling results at its Paulsens gold mine near Paraburdoo point towards a significant increase in resources and mine life.

A business led by Northern Star Resources chairman Chris Rowe has capitalised on cost cutting by oil and gas companies to position itself among the world's elite commercial operators of underwater drones.

The latest numbers from Western Australia's listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state's royalty system might erode margins beyond break-even.

Local gold producer Northern Star Resources has announced a substantial discovery at its White Feather project, near its existing Kanowna Belle gold mine.

Gold miner Northern Star Resources has outlined plans to spend $50 million next year on exploration activity, after announcing a high-grade gold discovery on the Millennium tenement at its Kundana project near Kalgoorlie.

Eight Western Australians, including five 40under40 winners, have made the 2014 BRW Rich List with a collective wealth of $337 million.

The combined wealth of WA's richest public company directors fell by around $3 billion in the past year, but some individuals bucked the trend.

Northern Star Resources has appointed Shaun Day as chief financial officer, replacing Raymond Parry who has resigned.

A joint venture between Ord River Resources and Dampier Gold has entered into a binding ore treatment agreement with Northern Star Resources for use of its Plutonic processing facility for an undisclosed sum.

Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios's investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.

FEATURE: Les Davis and Bill Beament are two of the Western Australian gold industry's most influential people, but the person who has infinitely more power over gold in WA than the chief executives of Silver Lake and Northern Star doesn't live here.

FEATURE: Star in name, star in nature; it has been a rapid rise for one of the state's major players.

FEATURE: If the adage ‘three strikes and you're out' applied to the gold mining industry, the curtains would already have been drawn; but some determined locals are fighting on.