Currently viewing Global edition

'Win-win' deal for Westgold, Northern Star

Westgold Resources (ASX: WGX) has completed the A$80 million (US$61 million) sale of its South Kalgoorlie operations to Northern Star Resources (ASX: NST) and celebrated first gold from the recommissioned Tuckabianna plant.

'Win-win' deal for Westgold, Northern Star 'Win-win' deal for Westgold, Northern Star 'Win-win' deal for Westgold, Northern Star 'Win-win' deal for Westgold, Northern Star 'Win-win' deal for Westgold, Northern Star

The 'venerable' Jubilee mill

Westgold received the consideration in the form of A$20 million cash and $60 million in Northern Star shares at a deemed value of $6.30.