RE: Buy back28 Mar 2024 13:25
Who isn't interested?
Northern Star Resources Ltd., which will be Australia’s biggest domestic gold producer when Newcrest is absorbed into Newmont, won’t bid for those mines and will instead focus on a major expansion of existing operations, managing director Stuart Tonkin said in an interview at this week’s Diggers and Dealers conference in Western Australia.
“Anything that did get divested won’t necessarily meet Northern Star’s strategy,” he said, adding that Newmont was likely to retain any mines that his group would potentially be interested in.
Evolution Mining Ltd., which will be Australia’s second biggest gold miner, said it didn’t see the projects as attractive.
“We have a number of people who used to work at Newcrest who have had experience with some of these assets before, and generally their recollection of the experience wasn’t that positive,” executive chairman Jake Klein