Northern Star Resources has hinted in a strategic review that its mines in Western Australia’s Yandal region could be sold as it faces pressure from a prominent activist hedge fund to improve its performance or be swallowed by a larger gold miner.
In a 627-page document highlighting its gold reserves and exploration prospects, the under-fire gold miner labelled three of its four hubs as “strategic assets”, suggesting that its Yandal hub in WA could be on the block.
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