Star Resources to acquire stake in Kalgoorlie Super Pit gold mine, associated assets for $800mn

SUBIACO: Star Resources has agreed with Newmont Goldcorp Corporation’s Australian subsidiary to acquire 50 percent of the Kalgoorlie Super Pit gold mine for US$775 million and additional associated assets for US$25 million, taking the total consideration to US$800 million. The acquisition will generate a host of substantial benefits for Northern Star shareholders. The acquisition also…