Kalgoorlie-Boulder

Newmont Agrees to Sell Its Interests in KCGM to Northern Star for $800 million

Retrieved on: 
Monday, December 16, 2019

Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) has agreed to sell its 50 percent stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Australias Northern Star Resources Limited (ASX: NST) (Northern Star).

Key Points: 
  • Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) has agreed to sell its 50 percent stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Australias Northern Star Resources Limited (ASX: NST) (Northern Star).
  • The $25 million payment will be credited against the purchase price for the power business or returned to Northern Star if the power business is sold to a third party.
  • Northern Star is a well-established, Australian-based gold producer with a core competency in exploration, a commitment to community development, responsible environmental stewardship and, most importantly, excellence in safety.
  • Newmont expects to provide an update to its previously announced 2020 guidance and longer-term outlook in early 2020.

Barrick Completes Divestiture of its Interest in Kalgoorlie Consolidated Gold Mines

Retrieved on: 
Friday, November 29, 2019

All amounts expressed in U.S. dollars

Key Points: 
  • All amounts expressed in U.S. dollars
    TORONTO, Nov. 28, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today announced it has completed the divestiture of its 50 percent interest in Kalgoorlie Consolidated Gold Mines ("KCGM") in Western Australia to Saracen Mineral Holdings Limited for a total cash consideration of $750 million.

Newmont Goldcorp Looks Forward to Partnership with Saracen at KCGM in Australia

Retrieved on: 
Monday, November 18, 2019

Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) said it looks forward to a long and productive partnership with Saracen Mineral Holdings Ltd. (Saracen) at Kalgoorlie Consolidated Gold Mines (KCGM) in Australia.

Key Points: 
  • Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) said it looks forward to a long and productive partnership with Saracen Mineral Holdings Ltd. (Saracen) at Kalgoorlie Consolidated Gold Mines (KCGM) in Australia.
  • Earlier today, Saracen announced an agreement to purchase Barrick Gold Corporations 50 percent stake in KCGM.
  • Newmont Goldcorp will remain the operator of KCGM and continue to manage the mine according to its leading policies and standards.
  • KCGM and the Golden Mile offer ongoing growth and value generating opportunities in Australia, which remains a core operating region for Newmont.