PERTH (miningweekly.com) – Gold miner Northern Star Resources has completed the sale of its Plutonic gold mine, in Western Australia.
Northern Star in August signed a purchase agreement with Billabong Gold to divest of its Plutonic mine in a cash and scrip deal valued at A$46.2-million, with a contingent consideration of up to A$20-million.
Selling the 100 000 oz/y Plutonic mine will result in Northern Star producing 600 000 oz/y in 2018, compared with a previous target of 700 000 oz.
Edited by: Creamer Media Reporter
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