Northern Star Resources Limited (ASX:NST) will complete its acquisition of the Jundee gold mine on 1 July this year.
The gold miner paid Newmont mining $82.5 million for the mine in a deal that will make Northern Star the second largest listed gold miner on the ASX.
The company expects production to lift to 550,000 – 600,000 ounces per annum in 2015.
The company hopes to see an immediate increase in cash flow and to reap cost benefits through economies of scale.
Northern Star Resources reported a net profit of $7.6 million in the first half of the 2014 financial year.
