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India

Saracen Mineral Holdings Ltd (SAR.AX)

SAR.AX on Australia Stock Exchange

4.74AUD
24 Nov 2020
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Tue, Oct 6 2020

Gold gleams anew in Australia as Northern Star, Saracen agree to create $11.5 billion miner

MELBOURNE Australian gold miner Northern Star Resources on Tuesday offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by market value.

UPDATE 3-Gold gleams anew in Australia as Northern Star, Saracen agree to create $11.5 bln miner

* Combined firm to become world's no. 8 gold miner by market value

FACTBOX-Northern Star-Saracen to enter top 10 global gold miners by market value

MELBOURNE, Oct 6 Australian gold miner Northern Star Resources on Tuesday has offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal that will see the combined entity enter the world's top 10 global gold miners by value. Here is a ranking of gold miners by market value, before and after Northern Star's offer for Saracen, according to Refinitiv Eikon data. Top 15 gold miners by market value (in US$)

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