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1. www.mining.com › kcgm-from-unloved-asset-toKCGM — from unloved asset to Northern Star’s crown jewel

   www.mining.com › kcgm-from-unloved-asset-to

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   Aug 25, 2024 · A decade ago, Kalgoorlie Consolidated Gold Mines (KCGM), owner of the Super Pit, was a 50:50 joint venture between Newmont Corporation and Barrick Gold. As Barrick gradually retreated from...

2. www.goldindustrygroup.com.au › news › 2019/12/17Northern Star joins Saracen in 50% ownership of Kalgoorlie ...

   www.goldindustrygroup.com.au › news › 2019/12/17

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   Dec 17, 2019 · As part of the transaction, Northern Star has also been granted an option to acquire Newmont Goldcorp’s 100%-owned power assets, which supply power to KCGM. The KCGM JV owns and operates the Super Pit gold mine in Kalgoorlie-Boulder, Western Australia.

3. im-mining.com › 2020/08/19 › kcgm-super-pitKCGM Super Pit transformation under ... - International Mining

   im-mining.com › 2020/08/19 › kcgm-super-pit

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   Aug 19, 2020 · In November 2019, Saracen Mineral Holdings Ltd purchased Barrick Gold Corporation’s 50% stake in KCGM. In January 2020, Newmont Goldcorp sold its 50% share of the operations to Northern Star Resources Ltd. The new KCGM JV was now 100% Australian-owned.

4. im-mining.com › 2021/01/15 › kalgoorlies-super-pitKalgoorlie's Super Pit ownership ... - International Mining

   im-mining.com › 2021/01/15 › kalgoorlies-super-pit

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   Jan 15, 2021 · The deal means that Kalgoorlie Consolidated Gold mines (KCGM) will change from being a Saracen/Northern Star JV to having one owner. KCGM Operations include the Fimiston open pit (the Super Pit), Mt Charlotte underground mine and the Fimiston and Gidji processing plants, located adjacent to the City of Kalgoorlie-Boulder approximately 600 km ...

5. www.mining-technology.com › news › saracenSaracen acquires Kalgoorlie Consolidated Gold Mines for $750m

   www.mining-technology.com › news › saracen

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   Dec 2, 2019 · Saracen Mineral Holdings has completed the acquisition of 50% of Barrick Gold ’s stake in Kalgoorlie Consolidated Gold Mines (KCGM) in Western Australia for $750m in cash. Located adjacent to the town of Kalgoorlie, the mine is around 600km east of Perth.

6. www.australianmining.com.au › northern-starNorthern Star becomes Super Pit joint owner - Australian Mining

   www.australianmining.com.au › northern-star

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   Jan 6, 2020 · The company acquired all of the shares in Kalgoorlie Lake View, which held 50 per cent interest in Kalgoorlie Consolidated Gold Mines (KCGM), to complete the deal.

7. People also ask

   Who owns KCGM?

   • KCGM was formed in 1989 by combining the entire area into one entity and was operated by Normandy Mining and Homestake Mining Company, which were acquired by Newmont and Barrick, respectively, in the early 2000s. Northern Star managing director Stuart Tonkin in front of the new Fimiston portal at KCGM. (Image: Kristie Batten | MINING.COM.)

   KCGM — from unloved asset to Northern Star’s crown jewel

   www.mining.com/kcgm-from-unloved-asset-to-northern-stars-crown-jewel/

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   What does KCGM stand for?

   • The deal means that Kalgoorlie Consolidated Gold mines (KCGM) will change from being a Saracen/Northern Star JV to having one owner.

   Kalgoorlie's Super Pit ownership unification almost done as Saracen

   im-mining.com/2021/01/15/kalgoorlies-super-pit-ownership-unification-almost-done-saracen-shareholders-give-ok-merger-northern-star/

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   Does Northern Star own KCGM?

   • As part of the transaction, Northern Star has also been granted an option to acquire Newmont Goldcorp’s 100%-owned power assets, which supply power to KCGM. The KCGM JV owns and operates the Super Pit gold mine in Kalgoorlie-Boulder, Western Australia.

   Northern Star joins Saracen in 50% ownership of Kalgoorlie Super Pit

   www.goldindustrygroup.com.au/news/2019/12/17/northern-star-joins-saracen-in-50-ownership-of-kalgoorlie-super-pit

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   Where is KCGM located?

   • KCGM is a world famous large, high quality, long-life open-pit and underground gold mine located in the globally renowned Golden Mile Region of Kalgoorlie-Boulder, Western Australia, with the open pit often just referred to as the Super Pit.

   KCGM Super Pit transformation under all ... - International Mining

   im-mining.com/2020/08/19/kcgm-super-pit-transformation-australian-ownership-includes-largest-cutback-decade/

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   Does KCGM have an underground mine?

   • An aggressive commitment to exploration has resulted in a 66% increase in resources to 32Moz of gold and a 36% increase in reserves to 13Moz since acquisition, equating to a mine life of more than 20 years. While KCGM already had one underground mine, Mt Charlotte, Northern Star has focused on the asset’s underground potential.

   KCGM — from unloved asset to Northern Star’s crown jewel

   www.mining.com/kcgm-from-unloved-asset-to-northern-stars-crown-jewel/

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   Who owns Kalgoorlie Super Pit?

   • A decade ago, Kalgoorlie Consolidated Gold Mines (KCGM), owner of the Super Pit, was a 50:50 joint venture between Newmont Corporation and Barrick Gold. As Barrick gradually retreated from Australia, it relinquished management of the asset to Newmont and tried unsuccessfully to sell its stake in 2016.

   KCGM — from unloved asset to Northern Star’s crown jewel

   www.mining.com/kcgm-from-unloved-asset-to-northern-stars-crown-jewel/

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8. miningdataonline.com › property › 256Kalgoorlie Consolidated Gold Mines (KCGM) Operation

   miningdataonline.com › property › 256

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   KCGM means Kalgoorlie Consolidated Gold Mines Pty Ltd, a wholly owned subsidiary of the Northern Star, which operates the Super Pit (Fimiston open-pit) and Mt Charlotte underground operations.