Gold miner Northern Star Resources went into a trading halt on Monday, pending the announcement of a potential significant transaction, as reports swirled that the company would buy major Newmont Goldcorp’s interest in the Super Pit mine, in Kalgoorlie.
Fellow-listed Saracen Mineral Holdings in November struck a $750-million agreement with North American major Barrick Gold to acquire its 50% interest in the Super Pit mine, establishing Saracen as one of Australia’s largest gold producers.