M&A Deal Summary

Northern Star Acquires Kundana and Kanowna Belle Gold Mines

On March 1, 2014, Northern Star acquired metals/mining company Kundana and Kanowna Belle Gold Mines from Barrick for 75M AUD

Acquisition Highlights
  • This is Northern Star’s 1st transaction in the Metals/Mining sector.
  • This is Northern Star’s largest (disclosed) transaction.
  • This is Northern Star’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-03-01
Target Kundana and Kanowna Belle Gold Mines
Sector Metals/Mining
Buyer(s) Northern Star
Sellers(s) Barrick
Deal Type Divestiture
Deal Value 75M AUD

Target

Kundana and Kanowna Belle Gold Mines

Kalgoorlie-Boulder, Australia
Kundana and Kanowna Belle Gold Mines designed to handle approximately 1.8 million tonnes of feed per annum. It contains proven and probable reserves of roughly 600,000 ounces, along with measured and indicated resources of another 600,000 ounces.

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Buyer(S) 1

Buyer

Northern Star

Subiaco, Australia

website

Category Company
Founded 2000
Sector Metals/Mining
Employees3,383
Revenue 2.0B AUD (2020)
DESCRIPTION

Northern Star is a gold producer. Northern Star owns and operates the following gold mines: Paulsens, Plutonic, Kanowna Belle. Northern Star was founded in 2000 and is based in Subiaco, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Barrick

Toronto, Ontario, Canada

website

Category Company
Founded 1983
Sector Metals/Mining
Revenue 12.0B USD (2021)
DESCRIPTION

Barrick operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends. Barrick was incorporated in 1983 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 3 of 9
Sector (Metals/Mining) 2 of 8
Type (Divestiture) 3 of 8
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-23 Barrick Energy

Calgary, Alberta, Canada

Barrick Energy Inc. is a private company engages in oil and gas exploration, development, and production services in Canada.

Sell $173M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Timberline

Coeur d'Alene,, Idaho, United States

Timberline is a gold exploration and development company with its flagship gold-silver property in the Eureka District. The Eureka property includes the historical Lookout Mountain and Windfall mines in a total property position of approximately 27 square miles (70 square kilometers). Timberline was founded in 1968 and is based in Coeur d'Alene, Idaho.

Sell -
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