Northern Star Resources (ASX: NST) Set to Acquire De Grey Mining (ASX: DEG) in $6 Billion Deal

Tue 15 Apr 25, 01:05 AM | Team Kalkine

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Highlights

Northern Star Resources Ltd (ASX: NST) is nearing completion of a court-approved acquisition of fellow gold miner De Grey Mining Ltd (ASX: DEG) in a transaction valued at approximately $6 billion. This deal, first announced in December, awaits shareholder approval at a scheme meeting scheduled for April 16.

The acquisition comes amid record-breaking gold prices, with gold recently surpassing US$3,100 per ounce. The rising prices have driven a series of mergers across the sector, as companies seek to expand their asset base and navigate volatile equity markets.

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