Tag: KCGM

NORTHERN Star Resources (ASX: NST) has entered into a binding agreement with Newmont Goldcorp to acquire 50pc of the KCGM Super Pit and other tenements in Kalgoorlie, WA, for US$775m, and another US$25m for a separate parcel of tenements close by. Northern Star said it expects its share of the KCGM JV to add 120,000-140,000oz to its 2020 gold production at an AISC of A$1240/oz-A$1340/oz. The US$800m (A$1.16b) transaction is expected to be completed by January 2020, subject to approval from the WA minister of lands, while all economic benefit will transfer from 1 January 2020. Saracen Minerals purchased 50pc of the KCGM JV in November, 2019, from Barrick Gold for A$1.1b. Northern Star’s acquisition will put the iconic Super...

KALGOORLIE Consolidated Gold Mines (KCGM) has announced significant changes to its parental leave policy, joining its Joint Venture owner Newmont Goldcorp in setting a new industry standard within Australia. Under the new changes, employees are now eligible for 22 weeks paid parental or adoption leave, plus a four week return-to-work payment. Additionally, 10 days paid secondary carers leave will be provided. These changes will help address the gender pay gap that often occurs when parents are out of the workforce for extended periods. KCGM also continues to offer eligible employees access to family-friendly flexible work arrangements when back at work. Ten days paid domestic violence leave will also be made available, providing critical financial support to affected employees who may...