Northern Star Resources

Business News runs the rule over a cross-section of companies to determine how much firms of varying size and industry invest in WA communities.

Cosmo Metals announced on Wednesday it plans to acquire complete ownership of the Kanowna gold project from La Zarza Minerals, after signing a terms sheet.

The power plant that supported Kalgoorlie during last week’s power outage was, in 2023, rejected by the state government in favour of its own facility, which tripped when it was needed.

Recent power outages in Kalgoorlie have failed to deter Northern Star Resources from remaining on course to achieve its production guidance for the 2024 financial year, according to managing director Stuart Tonkin.

There’s work to be done to ensure open books around certain industries’ contribution to the communities in which they operate.

Former Nationals WA leader Brendon Grylls has joined an iron ore minnow to lead engagement with Pilbara stakeholders as it presses ahead with a new mine.

Mineral exploration company Cosmo Metals has elected to exercise its option to acquire 100 per cent of the Kanowna gold project from La Zarza Minerals, subject to shareholder approval.

Buoyant gold prices have delivered record earnings for Super Pit owner Northern Star Resources despite mounting cost pressures bumping up the miner’s production costs.

The Workforce Gender Equality Agency has published gender pay gap data on more than 400 WA private sector companies, shedding a light on remuneration disparities.

While operating a resources project in Australia is a known entity, working overseas can come with big risks and big rewards.

A doctor, prospector, chemicals company owner, car salesman, and business legend were among prominent Western Australians who donated to Voice campaigns last year.

Shares in mining exploration company Solstice Minerals rose by 50 per cent on Tuesday, following news it will divest an 80 per cent stake in its Hobbes exploration licence to Northern Star Resources.

Rising cost pressures and a soaring gold price have resulted in Northern Star Resources revising its all-in sustaining cost guidance for the 2024 financial year.

Shares in Super Pit owner Northern Star Resources dipped early on Tuesday, following the release of its March 2024 quarterly update.

West Perth-based Black Cat Syndicate has announced plans to raise $36 million in a bid to restart operations at its Paulsens gold operation in the Pilbara.

Cosmo Metals defied a challenging day on the Australian Securities Exchange, closing trade up 13 per cent to 5.2 cents per share.

Perth dealmaker Michael Ashforth has joined the board of goldminer Northern Star Resources, while stepping away from his role with Goldman Sachs.

ANALYSIS: When Mark McGowan launched the $750 million Resources Community Investment Initiative more than 18 months ago, nobody expected an upgrade of Paraburdoo hospital would be its inaugural project.

GOLD WRAP: Kalgoorlie Super Pit owner Northern Star Resources generated gold production and cash flow records last financial year, but was impacted by constraints at its Yandal hub.

Northern Star Resources boss Stuart Tonkin says there's decades of mine life left in the famed Golden Mile, as it further develops its underground assets.

The state government will take tighter control of the Perth Mint, bringing its operator Gold Corporation further in-house in a move celebrated by the state's largest producer.

Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.

Kalgoorlie Superpit owner Northern Star Resources made an after-tax profit of $639 million last financial year, as it rode the wave of a record Australian dollar gold price.

The owner of Kalgoorlie’s famous Super Pit says there are decades of activity to come.

WA’s Indigenous business sector has nearly tripled in size in the past four years, research by Business News has found.

Management at Kalgoorlie Superpit owner Northern Star Resources has hailed the company’s “exceptional” financial position, amid a record Australian gold price environment.

Newmont Corporation shares have lost almost 20 per cent of their value in two days, as concerns over costs at the world’s largest goldminer continue to weigh on the business.

Northern Star Resources will expand its gold portfolio into the Pilbara, after striking a $5 billion deal to acquire market darling De Grey Mining and its flagship Hemi project.

Goldminer Catalyst Metals has cleared $36 million worth of inherited debt, riding the wave of gold price momentum which has led to a flurry of activity in the sector this week.

Microsoft has announced an expansion of its datacentre footprint into Western Australia, launching an Azure Extended Zone in Perth by mid-2025.

The WA Liberal Party has made more from donations this financial year than WA Labor, but levies and union fees have the latter’s coffers well ahead in the lead up to the state election.

Kalgoorlie-based heavy haulage company MLG Oz has won a series of contracts with gold miner Northern Star, valued at $45 million.

Northern Star Resources remains tight-lipped on its $5 billion move for De Grey Mining’s Hemi gold project, which has experienced another timeline setback in its bid for federal approvals.

Gold Road Resources management has held its cards close to its chest on its intentions around De Grey Mining, as Northern Star Resources closes in on an acquisition of the gold developer.

An extension of the Super Pit’s mine life has been waved through by the environmental watchdog but with strict noise and dust rules for the operation on the edge of Kalgoorlie-Boulder.

De Grey Mining says an invite is still on the table for regulators to visit its Hemi gold project in the Pilbara, as the takeover target’s wait for state and federal approvals continues.

Northern Star Resources has lauded a record half, in which the goldminer generated cash earnings of $1.1 billion and returned an all-time high dividend.

Windfall from Northern Star Resources’ move for De Grey Mining has pushed the value of Gold Road Resources’ listed investments to around $870,000.

The price of gold saw out the work week above US$3,000 per ounce, driven to all-time highs amid a bull run fueled by global economic and geopolitical uncertainty.