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Gold Fields Eyes Northern Star
South African mining company Gold Fields is considering the possibility of acquiring Australian company Northern Star, the largest gold producer in Australia, after submitting a bid that was rejected by the target company. Northern Star has extensive operations including mines in Australia and Alaska, and aims to reach an annual production of nearly two million ounces. Gold Fields reported production of 1.267 million ounces of gold in the first half of 2026, a 12% increase compared to the previous year, with net profits soaring by 81%.
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