A dramatic turnaround has dominated Northern Star Resources fortunes in recent years as the company has been transformed under the leadership of its Managing Director, Bill Beament.
As an ASX200-listed gold producer and exploration company, Northern Star Resources has focused on developing its assets and fostering its family culture. The CEO Magazine recently sat down with Bill to discuss the companys meteoric rise.
Considering that three and a half years ago we were just a shelf company, weve come a long way. We were a one-cent company with a market capitalisation of $1 million and I was the only employee. Today, we have nearly $450 million market capitalisation, were a dollar-a-share company, weve just bought our second mine, and we have approximately 600 employees.
A lot of hard work! Four years ago, we had a vision. We re-capitalised the company as a shelf, found our new investors, and went hunting for resource assets. We had a goal for what we wanted to get, we got that type of asset, and we had a very strict discipline and game plan inside our business about what we wanted to do with our asset and where we wanted to place the company so that we could start growing. That was really the focus of the past 12 months.
We have just bought our second mine; it will double our production, and were not going to stop there. We want to grow Northern Star Resources into a four- or five-mine company and hopefully position it to be an ASX100-sized entity.