Diggers & Dealers 2025: De Grey Mining snags Deal of the Year for $5 billion Hemi sale

0
Diggers & Dealers 2025: De Grey Mining snags Deal of the Year for  billion Hemi sale


The blockbuster $5 billion sale of the Hemi gold deposit in the Pilbara to Northern Star Resources has earned De Grey Mining the Dealer of the Year award.

The prized gold miner was acquired by Northern Star Resources officially in May, in a transaction that handed WA’s Super Pit miner the keys to the country’s next major yellow metal mine amid record prices.

The judges said De Grey’s substantial growth from making the game-changing discovery at Hemi in 2019 to the sale six years on “exemplifies all that makes our industry great.”

Gold’s winning streak was also reflected in the Digger of the Year Award, which went to listed mid-tier Ramelius Resources.

The Mark Zeptner-led gold miner has managed to deliver on its promised production and cost guidance targets or five years in a row.

Meanwhile, the GJ Stokes Memorial Award was given to Peter Cook, a geologist and mining company director.

Diggers chair Jim Walker said Mr Cook was “probably better known as a hard-nosed operator than a corporate executive” and credited him as a “renovator” who had fixed and rebuilt projects that struggled to get off the ground.

The 2025 Emerging Company Award went to yellow metal explorer Turaco Gold.

The $520m market capitalised Turaco bought the Afema Gold Project in Cote d’Ivoire in early 2024, and has been tipped as an advancing new mid-tier gold producer in the region.

All the awards were dished out at the 34th annual Diggers & Dealers gala dinner on Wednesday night.

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *