Bill Beament’s appointment of Northern Star Mining proves to be an expensive mistake

Bill Beament’s appointment of Northern Star Mining proves to be an expensive mistake

When Northern Star Resources Limited (ASX: NST) entered the East Kundana Joint Venture (EKJV) in 2014 after buying out Barrick Gold, gold production suddenly became a lot more expensive. Executive chairman Bill Beament was expected to deliver top quality gold, but instead he has been producing low grade products that are more costly to make. Things got worse in 2017 when mining contractor Barminco’s contract at Kundana mine was terminated as it could not agree on new rates with Northern Star following a change in work scope. Beament then appointed…