Investor Presentaiton
For personal use only
Transaction rationale
2) Sector-leading growth1, with superior financial returns²
Clear trajectory towards 2Mozpa gold production, with production set to grow by +30% in the next 3 years³
Growth capital intensity is one of the lowest in the global gold sector
NORTHERN STAR
Saracen
Combined entity will have a high margin asset base and highly competitive global AISC profile <A$1,485/oz (US$1,040/oz)4
Strong combined free cash flow generation and balance sheet enables the substantial pipeline of existing growth options to be
optimised
Extensive growth and exploration opportunities across the portfolio:
•
4,183km² consolidated land-holding across the world-class Kalgoorlie Goldfields district of Western Australia
•
3,247km² consolidated land-holding across the North-Eastern Goldfields of Western Australia
•
297km² land-holding and strong growth platform in emerging camp-scale district in Alaska, North America
Continued sector-leading financial performance and returns to shareholders
1. Earnings and production. 2. Comparisons against selected mid and large capitalisation gold producers (including Kirkland Lake Gold Ltd, Evolution Mining Ltd,
Agnico Eagle Mines Ltd, Newcrest Mining Ltd, Gold Fields Ltd, Newmont Mining Corporation, AngloGold Ashanti Ltd.) 3. Refer to page 3 of this presentation in relation
to production targets for Northern Star and Saracen. 4. AISC guidance mid point (includes Pogo AISC of US$1,300/oz at a spot conversion rate of AUD/USD of $0.70).
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