Northern Star Resources (ASX:NST) agrees to $400m sale of Kundana assetsNorthern Star Resources (NST) has signed a deal to sell its Kundana assets to Evolution Mining (EVN).According to a binding share and asset sale agreement, Evolution will pay $400 million in cash to acquire Northern Star's 51 per cent interest in each of the East Kundana Production Joint Venture and the East Kundana Exploration Joint Venture, a 75 per cent stake in the West Kundana Farm-in Joint Venture and the Carbine-Carnage gold project in Western Australia.With a combined resource estimate of 2.4 million ounces of gold, the Kundana assets collectively produced 120,943 ounces during the 2021 financial year.
THE 4 MILLION OUNCE BET, page-6326
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