Northern Star Resources Limited (ASX:NST) says it is on track to be a 600,000 ounce per annum producer after tying up the purchase of the historic Jundee Gold Mine in Western Australia.
The gold producer inked a deal to buy the mine from Newmont Mining in May for $82.5 million in cash and says the deal has now settled.
At the time of the announcement Northern Star said the acquisition will propel it to the second largest listed gold miner on the ASX.
The purchase comes on the back of recent acquisitions of the Plutonic, Kanowna Belle and Kudana gold mines in Western Australia.
Northern Star soared to the best performer in the S&P/ASX 200 index over the 2014 financial year, gaining more than 115 per cent to $1.26.
Northern Star Resources reported a net profit of $7.6 million in the first half of the 2014 financial year.
