Gold miner Northern Star Resources on Tuesday announced an $800-million transaction to gain gold miner Newmont Goldcorp’s 50% stake in Kalgoorlie Consolidated Gold Mines (KCGM), which holds the Super Pit.
The deal between Northern Star and Newmont followed a similar transaction between Saracen Mineral Holdings and Barrick Gold earlier this year, which saw Saracen acquire Barrick’s 50% stake in the Super Pit for $750-million.