Gold powerhouse Northern Star struggles to shed junior explorer past
Investors who followed the company’s Three Wise Men more than a decade ago will have made a killing. But huge expansion is creating serious growing pains.
The beards sported by the three magi were obviously fake, but the message adorning the May 2011 presentation was authentic: “Why today’s Wise Men should follow a Northern Star”.
At the time, Northern Star Resources shares changed hands for 37¢, and managing director Bill Beament, a mining engineer who became known as the King of Kalgoorlie, harboured big plans for the up-and-comer.
Mark WembridgeResources reporterMark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
