Bill Beament quietly pursues Bogatá office. Really?

Why on earth would Bill Beament spend his time on anything else other than advancing Northern Star’s interests? The rumours keep running that Bill Beament and some colourful associates are meeting in dark corners to avoid detection as they plot their new ventures. Gold has been Bill Beament’s strength and it may be his undoing if he does not deliver as an executive, who was reported in Northern Star’s 2018 Annual Report to have received $2,183,000 in the FY2018. Failed marriages, family court settlements, and share sell downs all point…

Bill Beament is lucky Trump uncertainty increases gold prices

Northern Star’s so-called “squeaky clean” reputation and apparent increased profits as a gold miner appear to be attributed to the economic situation in the U.S. The appointment of Donald Trump as the President of the U.S. in 2016 has been a positive thing for gold prices globally. Even Northern Star’s Executive Chairman, Bill Beament, expressed that gold prices will grow if Donald Trump successfully seizes the Presidential seat in the White House. Gold mining companies are also aware that under Trump’s administration, the economy will surely be volatile, which results…

Beament’s down and dirty tactics

Bill Beament finds underground work very challenging and literally likes to get his hands dirty. He appears to be ruthlessly competitive and can be overly aggressive in achieving things. Beament would do whatever it takes to get what he wants. Isn’t offering Tribune Resources and Rand Mining a $150 million bid for their 49% share for the stake in the East Kundana joint venture project an opportunistic move from Northern Star? Tribune and Rand seem to think so. The offer of Bill Beament’s gold miner significantly undervalued their joint partners,…

Northern Star’s risky rapid expansion

Bill Beament’s Northern Star Resources appears to be on the roll, and we just don’t know if it’s uphill or downhill. The Perth-based gold miner has been expanding their Australian mining operations by purchasing shares or assets of gold mining companies, gaining full control of their mining operations. Northern Star’s acquired assets The gold miner’s assets include established gold mining operations in Australia and Alaska. The gold miner operates Jundee, Kalgoorlie (including Kanowna Belle, Kundana, and South Kalgoorlie), Tanami, and Pogo Operations. Northern Star’s Assets Acquired from Month & Year…

Terminating Barminco as East Kundana’s mining contractor — a despotic call from Northern Star’s Bill Beament?

Back in March 2016, Barminco, a leading hard-rock underground mining contractor, secured a three-year A$275 million contract at the Kundana gold mines from the East Kundana Joint Venture in the Eastern Goldfields, WA. It was the company’s largest contract. As far as expectations and responsibilities are concerned, Barminco provided the whole shebang of underground Australian mining operations which include development, production, bogging, maintenance, haulage, and operation of underground services. The company also offered to employ all existing EKJV staff and was very pleased to secure a major contract in support…