Australian mid tier gold companies Saracen Mineral Holdings and Northern Star Resources have agreed a merger that would value the combined group at more than $16 billion, sources told Street Talk on Tuesday.
It is understood the pair, who each acquired 50 per cent of the massive Super Pit gold mine last year, have formalised terms and are expected to announce the tie up as early as Tuesday.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
