Northern Star to Buy Saracen Mineral Holdings

Northern Star to buy Saracen Mineral Holdings

In a significant deal, the Northern Star Resources Limited has arrived an agreement to purchase Saracen Mineral Holdings Limited, an Australian rival of a paltry scale. It will among surging prices of gold help them to boost their output. The acquisition can drive them among the top ten global producers worldwide of the yellow metal with an overall valuation of $11.5 billion.

With the addition of Saracen, the company would be able to produce approximately two million ounces by 2027. Besides, it will help them save A$2 billion through operations. The second-biggest gold miner of the country Northern Star said in a statement on Tuesday. The company is based in Perth.

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