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Northern Star snaps up explorer, eyes Superpit

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Mid-tier gold miner Northern Star Resources has agreed to pay up to $193 million to acquire explorer Echo Resources and says it will also weigh up a bid for Kalgoorlie's Superpit.

Bill Beament-led Northern Star has also flagged reopening mothballed mines in its portfolio on the back of the soaring Australian dollar gold price.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/companies/mining/northern-star-snaps-up-explorer-and-flags-superpit-interest-20190827-p52l1h